United Gulf Investment BSC (BAH:UGIC) Days Payable : 25.93 (As of Mar. 2024)

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What is United Gulf Investment BSC Days Payable?

United Gulf Investment BSC's average Accounts Payable for the three months ended in Mar. 2024 was BHD2.44 Mil. United Gulf Investment BSC's Cost of Goods Sold for the three months ended in Mar. 2024 was BHD8.57 Mil. Hence, United Gulf Investment BSC's Days Payable for the three months ended in Mar. 2024 was 25.93.

The historical rank and industry rank for United Gulf Investment BSC's Days Payable or its related term are showing as below:

BAH:UGIC' s Days Payable Range Over the Past 10 Years
Min: 3.78 Med: 15.92 Max: 105.44
Current: 14.39

During the past 13 years, United Gulf Investment BSC's highest Days Payable was 105.44. The lowest was 3.78. And the median was 15.92.

BAH:UGIC's Days Payable is ranked worse than
84.01% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs BAH:UGIC: 14.39

United Gulf Investment BSC's Days Payable increased from Mar. 2023 (9.00) to Mar. 2024 (25.93). It may suggest that United Gulf Investment BSC delayed paying its suppliers.

United Gulf Investment BSC Days Payable Historical Data

The historical data trend for United Gulf Investment BSC'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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United Gulf Investment BSC Days Payable Chart

United Gulf Investment BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.78

12.06

7.71

3.78

10.72

United Gulf Investment BSC 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															9.00	12.22	23.82	16.22	25.93

Competitive Comparison of United Gulf Investment BSC's Days Payable

For the Asset Management subindustry, United Gulf Investment BSC'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.

United Gulf Investment BSC's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, United Gulf Investment BSC's Days Payable distribution charts can be found below:

* The bar in red indicates where United Gulf Investment BSC's Days Payable falls into.

United Gulf Investment BSC 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.

United Gulf Investment BSC'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
=	( (0.297	+	1.841)	/	2 )	/	36.385	*	365
=	1.069					/	36.385	*	365
=	10.72

United Gulf Investment BSC'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
=	( (1.841	+	3.031)	/	2 )	/	8.573	*	365 / 4
=	2.436					/	8.573	*	365 / 4
=	25.93

United Gulf Investment BSC Days Payable Related Terms

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United Gulf Investment BSC (BAH:UGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Gulf Investment Corp BSC (BAH:UGIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR

Website

https://www.ugiccorp.com

United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.