EZZ Steel CoE (CAI:ESRS) Days Payable : 58.91 (As of Dec. 2023)

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What is EZZ Steel CoE Days Payable?

EZZ Steel CoE's average Accounts Payable for the three months ended in Dec. 2023 was E£18,376 Mil. EZZ Steel CoE's Cost of Goods Sold for the three months ended in Dec. 2023 was E£28,465 Mil. Hence, EZZ Steel CoE's Days Payable for the three months ended in Dec. 2023 was 58.91.

The historical rank and industry rank for EZZ Steel CoE's Days Payable or its related term are showing as below:

CAI:ESRS' s Days Payable Range Over the Past 10 Years
Min: 34.62 Med: 51.19 Max: 64.68
Current: 64.68

During the past 13 years, EZZ Steel CoE's highest Days Payable was 64.68. The lowest was 34.62. And the median was 51.19.

CAI:ESRS's Days Payable is ranked better than
66.72% of 586 companies
in the Steel industry
Industry Median: 41.43 vs CAI:ESRS: 64.68

EZZ Steel CoE's Days Payable increased from Dec. 2022 (54.25) to Dec. 2023 (58.91). It may suggest that EZZ Steel CoE delayed paying its suppliers.

EZZ Steel CoE Days Payable Historical Data

The historical data trend for EZZ Steel CoE'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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EZZ Steel CoE Days Payable Chart

EZZ Steel CoE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.46

55.09

36.23

56.07

62.80

EZZ Steel CoE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															54.25	79.74	71.93	55.69	58.91

Competitive Comparison of EZZ Steel CoE's Days Payable

For the Steel subindustry, EZZ Steel CoE'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.

EZZ Steel CoE's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, EZZ Steel CoE's Days Payable distribution charts can be found below:

* The bar in red indicates where EZZ Steel CoE's Days Payable falls into.

EZZ Steel CoE 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.

EZZ Steel CoE'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
=	( (14732.885	+	20918.191)	/	2 )	/	103608.177	*	365
=	17825.538					/	103608.177	*	365
=	62.80

EZZ Steel CoE's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15833.679	+	20918.191)	/	2 )	/	28465.133	*	365 / 4
=	18375.935					/	28465.133	*	365 / 4
=	58.91

EZZ Steel CoE Days Payable Related Terms

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EZZ Steel CoE (CAI:ESRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EZZ Steel Co SAE (CAI:ESRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1089 Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089

Website

https://www.ezzsteel.com

EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.

EZZ Steel CoE (CAI:ESRS) Headlines

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