Taqa Morocco (CAS:TQM) Days Payable : 89.93 (As of Jun. 2024)

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What is Taqa Morocco Days Payable?

Taqa Morocco's average Accounts Payable for the six months ended in Jun. 2024 was MAD1,805 Mil. Taqa Morocco's Cost of Goods Sold for the six months ended in Jun. 2024 was MAD3,662 Mil. Hence, Taqa Morocco's Days Payable for the six months ended in Jun. 2024 was 89.93.

The historical rank and industry rank for Taqa Morocco's Days Payable or its related term are showing as below:

CAS:TQM' s Days Payable Range Over the Past 10 Years
Min: 81.27 Med: 96.41 Max: 110.67
Current: 110.67

During the past 13 years, Taqa Morocco's highest Days Payable was 110.67. The lowest was 81.27. And the median was 96.41.

CAS:TQM's Days Payable is ranked better than
64.14% of 382 companies
in the Utilities - Independent Power Producers industry
Industry Median: 82.855 vs CAS:TQM: 110.67

Taqa Morocco's Days Payable declined from Jun. 2023 (102.04) to Jun. 2024 (89.93). It may suggest that Taqa Morocco accelerated paying its suppliers.

Taqa Morocco Days Payable Historical Data

The historical data trend for Taqa Morocco'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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Taqa Morocco Days Payable Chart

Taqa Morocco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.89

87.01

91.01

81.27

103.67

Taqa Morocco Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															82.50	83.42	102.04	132.06	89.93

Competitive Comparison of Taqa Morocco's Days Payable

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.

Taqa Morocco's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's Days Payable distribution charts can be found below:

* The bar in red indicates where Taqa Morocco's Days Payable falls into.

Taqa Morocco 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.

Taqa Morocco'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
=	( (2963.874	+	2327.766)	/	2 )	/	9315.549	*	365
=	2645.82					/	9315.549	*	365
=	103.67

Taqa Morocco's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2327.766	+	1281.269)	/	2 )	/	3662.197	*	365 / 2
=	1804.5175					/	3662.197	*	365 / 2
=	89.93

Taqa Morocco Days Payable Related Terms

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Taqa Morocco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taqa Morocco SA (CAS:TQM) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR

Website

https://www.taqamorocco.ma

Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.

Taqa Morocco Headlines

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