Tabreed PJSC (DFM:TABREED) Days Payable : 253.97 (As of Mar. 2024)

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What is Tabreed PJSC Days Payable?

Tabreed PJSC's average Accounts Payable for the three months ended in Mar. 2024 was د.إ639 Mil. Tabreed PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ230 Mil. Hence, Tabreed PJSC's Days Payable for the three months ended in Mar. 2024 was 253.97.

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

DFM:TABREED' s Days Payable Range Over the Past 10 Years
Min: 21.07 Med: 48.61 Max: 220.9
Current: 220.9

During the past 13 years, Tabreed PJSC's highest Days Payable was 220.90. The lowest was 21.07. And the median was 48.61.

DFM:TABREED's Days Payable is ranked better than
84.82% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.63 vs DFM:TABREED: 220.90

Tabreed PJSC's Days Payable increased from Mar. 2023 (242.90) to Mar. 2024 (253.97). It may suggest that Tabreed PJSC delayed paying its suppliers.

Tabreed PJSC Days Payable Historical Data

The historical data trend for Tabreed 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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Tabreed PJSC Days Payable Chart

Tabreed PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.98

41.21

23.47

21.66

21.07

Tabreed PJSC 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															242.90	272.28	157.44	140.31	253.97

Competitive Comparison of Tabreed PJSC's Days Payable

For the Utilities - Regulated Water subindustry, Tabreed 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.

Tabreed PJSC's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tabreed PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Tabreed PJSC's Days Payable falls into.

Tabreed 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.

Tabreed PJSC'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
=	( (68.871	+	85.074)	/	2 )	/	1333.39	*	365
=	76.9725					/	1333.39	*	365
=	21.07

Tabreed PJSC'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
=	( (85.074	+	1193.181)	/	2 )	/	229.634	*	365 / 4
=	639.1275					/	229.634	*	365 / 4
=	253.97

Tabreed PJSC Days Payable Related Terms

Thank you for viewing the detailed overview of Tabreed PJSC's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tabreed PJSC (DFM:TABREED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tabreed PJSC (DFM:TABREED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 29478, Masdar City, Abu Dhabi, ARE

Website

https://www.tabreed.ae

Tabreed PJSC is engaged in to supply of chilled water, operation, and maintenance of plants, construction of secondary networks, manufacturing of pre-insulated pipes, and design and supervision consultancy. The company has two reportable operating segments. The chilled water segment constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems, and the Value chain business segment is involved in ancillary activities relating to the expansion of the group's chilled water business. The company generates key revenue from Chilled water.

Tabreed PJSC (DFM:TABREED) Headlines

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