Palm Hills DevelopmentsE (CAI:PHDC) Days Payable : 68.07 (As of Sep. 2024)

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What is Palm Hills DevelopmentsE Days Payable?

Palm Hills DevelopmentsE's average Accounts Payable for the three months ended in Sep. 2024 was E£3,606 Mil. Palm Hills DevelopmentsE's Cost of Goods Sold for the three months ended in Sep. 2024 was E£4,834 Mil. Hence, Palm Hills DevelopmentsE's Days Payable for the three months ended in Sep. 2024 was 68.07.

The historical rank and industry rank for Palm Hills DevelopmentsE's Days Payable or its related term are showing as below:

CAI:PHDC' s Days Payable Range Over the Past 10 Years
Min: 40.16 Med: 79.15 Max: 119.71
Current: 88.94

During the past 13 years, Palm Hills DevelopmentsE's highest Days Payable was 119.71. The lowest was 40.16. And the median was 79.15.

CAI:PHDC's Days Payable is ranked worse than
52.04% of 1566 companies
in the Real Estate industry
Industry Median: 96.165 vs CAI:PHDC: 88.94

Palm Hills DevelopmentsE's Days Payable increased from Sep. 2023 (64.80) to Sep. 2024 (68.07). It may suggest that Palm Hills DevelopmentsE delayed paying its suppliers.

Palm Hills DevelopmentsE Days Payable Historical Data

The historical data trend for Palm Hills DevelopmentsE'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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Palm Hills DevelopmentsE Days Payable Chart

Palm Hills DevelopmentsE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.24

114.24

89.29

82.05

119.71

Palm Hills DevelopmentsE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															64.80	105.62	98.39	102.03	68.07

Competitive Comparison of Palm Hills DevelopmentsE's Days Payable

For the Real Estate - Diversified subindustry, Palm Hills DevelopmentsE'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.

Palm Hills DevelopmentsE's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Palm Hills DevelopmentsE's Days Payable distribution charts can be found below:

* The bar in red indicates where Palm Hills DevelopmentsE's Days Payable falls into.

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Palm Hills DevelopmentsE 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.

Palm Hills DevelopmentsE'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
=	( (2652.815	+	5157.915)	/	2 )	/	11907.225	*	365
=	3905.365					/	11907.225	*	365
=	119.71

Palm Hills DevelopmentsE's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3082.819	+	4129.615)	/	2 )	/	4834.017	*	365 / 4
=	3606.217					/	4834.017	*	365 / 4
=	68.07

Palm Hills DevelopmentsE Days Payable Related Terms

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Palm Hills DevelopmentsE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Palm Hills Developments SAE (CAI:PHDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cairo- Alexandria Desert Road Abou Rawash, Km 28 Smart Village, A4, B83 Raya Building, Cairo, EGY

Website

https://www.palmhillsdevelopments.com

Palm Hills Developments SAE real estate company develops integrated residential, commercial real estate, and resort projects. The company focuses on development in Egypt's new cities and new urban communities. Its activities include building, constructing, owning, and managing residential properties and tourist villages. Palm Hills also provides associated services and facilities, leases and constructs integrated projects, and manages related entertainment activities. The company's property portfolio contains projects spanning different development stages, such as Palm Hills October, which is a residential community, and the Palm Club, which is a sports and recreational facility located in Palm Hills October.

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