The Arab Pesticides & Veterinary Drugs Manufacturing Co (AMM:MBED) Days Payable : 33.15 (As of Mar. 2024)

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What is The Arab Pesticides & Veterinary Drugs Manufacturing Co Days Payable?

The Arab Pesticides & Veterinary Drugs Manufacturing Co's average Accounts Payable for the three months ended in Mar. 2024 was JOD1.89 Mil. The Arab Pesticides & Veterinary Drugs Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD5.20 Mil. Hence, The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable for the three months ended in Mar. 2024 was 33.15.

The historical rank and industry rank for The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable or its related term are showing as below:

AMM:MBED' s Days Payable Range Over the Past 10 Years
Min: 32.41 Med: 37.98 Max: 70.31
Current: 39.99

During the past 13 years, The Arab Pesticides & Veterinary Drugs Manufacturing Co's highest Days Payable was 70.31. The lowest was 32.41. And the median was 37.98.

AMM:MBED's Days Payable is ranked worse than
73.31% of 236 companies
in the Agriculture industry
Industry Median: 75.02 vs AMM:MBED: 39.99

The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable declined from Mar. 2023 (43.35) to Mar. 2024 (33.15). It may suggest that The Arab Pesticides & Veterinary Drugs Manufacturing Co accelerated paying its suppliers.

The Arab Pesticides & Veterinary Drugs Manufacturing Co Days Payable Historical Data

The historical data trend for The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Arab Pesticides & Veterinary Drugs Manufacturing Co Days Payable Chart

The Arab Pesticides & Veterinary Drugs Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.55

39.40

32.41

36.44

36.10

The Arab Pesticides & Veterinary Drugs Manufacturing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															43.35	39.19	46.26	40.15	33.15

Competitive Comparison of The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable

For the Agricultural Inputs subindustry, The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable falls into.

The Arab Pesticides & Veterinary Drugs Manufacturing Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.291	+	1.675)	/	2 )	/	20.051	*	365
=	1.983					/	20.051	*	365
=	36.10

The Arab Pesticides & Veterinary Drugs Manufacturing Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.675	+	2.105)	/	2 )	/	5.203	*	365 / 4
=	1.89					/	5.203	*	365 / 4
=	33.15

The Arab Pesticides & Veterinary Drugs Manufacturing Co Days Payable Related Terms

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The Arab Pesticides & Veterinary Drugs Manufacturing Co (AMM:MBED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Arab Pesticides & Veterinary Drugs Manufacturing Co (AMM:MBED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zahran Street, AL-Husseini Complex, P.O. Box 930103, Amman, JOR, 11193

Website

http://www.mobedco.com

The Arab Pesticides & Veterinary Drugs Manufacturing Co is a Jordan based company. It is a generic manufacturer of veterinary drugs and pesticides. The products included among pesticides are insecticides, nematicides, fungicides, rodenticides among others; and those among veterinary drugs include antibiotics, ectoparasiticides, vitamins among others. Geographically, it covers areas from Asia to Africa and Common Wealth of Independent States.

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