TECOM Group PJSC (DFM:TECOM) Days Payable : 173.66 (As of Mar. 2024)

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What is TECOM Group PJSC Days Payable?

TECOM Group PJSC's average Accounts Payable for the three months ended in Mar. 2024 was د.إ353 Mil. TECOM Group PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ185 Mil. Hence, TECOM Group PJSC's Days Payable for the three months ended in Mar. 2024 was 173.66.

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

DFM:TECOM' s Days Payable Range Over the Past 10 Years
Min: 86.58 Med: 142.3 Max: 182.06
Current: 86.58

During the past 5 years, TECOM Group PJSC's highest Days Payable was 182.06. The lowest was 86.58. And the median was 142.30.

DFM:TECOM's Days Payable is ranked worse than
53.48% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs DFM:TECOM: 86.58

TECOM Group PJSC's Days Payable increased from Mar. 2023 (123.07) to Mar. 2024 (173.66). It may suggest that TECOM Group PJSC delayed paying its suppliers.

TECOM Group PJSC Days Payable Historical Data

The historical data trend for TECOM Group 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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TECOM Group PJSC Days Payable Chart

TECOM Group PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

153.65

142.30

92.86

124.28

182.06

TECOM Group PJSC Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									123.07	30.07	36.84	98.27	173.66

Competitive Comparison of TECOM Group PJSC's Days Payable

For the Real Estate Services subindustry, TECOM Group 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.

TECOM Group PJSC's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, TECOM Group PJSC's Days Payable distribution charts can be found below:

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

TECOM Group 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.

TECOM Group 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
=	( (410.036	+	348.523)	/	2 )	/	760.382	*	365
=	379.2795					/	760.382	*	365
=	182.06

TECOM Group 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
=	( (348.523	+	357.08)	/	2 )	/	185.381	*	365 / 4
=	352.8015					/	185.381	*	365 / 4
=	173.66

TECOM Group PJSC Days Payable Related Terms

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TECOM Group PJSC (DFM:TECOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TECOM Group PJSC (DFM:TECOM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Building No. 1, Dubai Studio City , P.O. Box 66000, Dubai, ARE

Website

https://www.tecomgroup.ae

TECOM Group PJSC is a central player in Dubai's business hub proposition and is strongly positioned to benefit from the commercial real estate market and the sustained growth of its broader economy. It offers a range of properties and services to customers. The company divides its operations into four financial segments namely commercial leasing, industrial leasing, land leasing and services, and others.

TECOM Group PJSC (DFM:TECOM) Headlines

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