Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Days Payable : 14.83 (As of Dec. 2024)

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What is Emirates Central Cooling Systems PJSC Days Payable?

Emirates Central Cooling Systems PJSC's average Accounts Payable for the three months ended in Dec. 2024 was د.إ75 Mil. Emirates Central Cooling Systems PJSC's Cost of Goods Sold for the three months ended in Dec. 2024 was د.إ463 Mil. Hence, Emirates Central Cooling Systems PJSC's Days Payable for the three months ended in Dec. 2024 was 14.83.

The historical rank and industry rank for Emirates Central Cooling Systems PJSC's Days Payable or its related term are showing as below:

DFM:EMPOWER' s Days Payable Range Over the Past 10 Years
Min: 13.79 Med: 18.15 Max: 27.78
Current: 13.79

During the past 6 years, Emirates Central Cooling Systems PJSC's highest Days Payable was 27.78. The lowest was 13.79. And the median was 18.15.

DFM:EMPOWER's Days Payable is ranked worse than
92.99% of 385 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.28 vs DFM:EMPOWER: 13.79

Emirates Central Cooling Systems PJSC's Days Payable declined from Dec. 2023 (15.85) to Dec. 2024 (14.83). It may suggest that Emirates Central Cooling Systems PJSC accelerated paying its suppliers.

Emirates Central Cooling Systems PJSC Days Payable Historical Data

The historical data trend for Emirates Central Cooling Systems PJSC'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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Emirates Central Cooling Systems PJSC Days Payable Chart

Emirates Central Cooling Systems PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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20.67

13.81

18.96

17.33

13.82

Emirates Central Cooling Systems PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial												15.85	24.02	13.58	9.38	14.83

Competitive Comparison of Emirates Central Cooling Systems PJSC's Days Payable

For the Utilities - Independent Power Producers subindustry, Emirates Central Cooling Systems PJSC'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.

Emirates Central Cooling Systems PJSC's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Emirates Central Cooling Systems PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Emirates Central Cooling Systems PJSC's Days Payable falls into.

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Emirates Central Cooling Systems PJSC 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.

Emirates Central Cooling Systems PJSC's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (69.695	+	75.484)	/	2 )	/	1917.497	*	365
=	72.5895					/	1917.497	*	365
=	13.82

Emirates Central Cooling Systems PJSC's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (75.029	+	75.484)	/	2 )	/	463.061	*	365 / 4
=	75.2565					/	463.061	*	365 / 4
=	14.83

Emirates Central Cooling Systems PJSC Days Payable Related Terms

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Emirates Central Cooling Systems PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Emirates Central Cooling Systems Corp PJSC (DFM:EMPOWER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jumeirah Beach Road, 2nd December Street, P O Box 8081, Al Hudaiba Awards Building, Block A, 8th Floor, Opposite Etihad Museum, Dubai, ARE

Website

https://www.empower.ae

Emirates Central Cooling Systems Corp PJSC engages in offering district cooling services (DCS). It engages in the centralized production and distribution of cooling energy. The firm provides its services to a portfolio of projects such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, Dubai Production City and many more. The company has two segments: the Chilled water segment and the Pre-insulated pipe business segment. Its geographical segments include the United Arab Emirates and Kuwait.

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