Ghabbour Auto (Ghabbour Auto) Days Payable : 65.90 (As of Dec. 2023)

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What is Ghabbour Auto Days Payable?

Ghabbour Auto's average Accounts Payable for the three months ended in Dec. 2023 was $145.77 Mil. Ghabbour Auto's Cost of Goods Sold for the three months ended in Dec. 2023 was $201.84 Mil. Hence, Ghabbour Auto's Days Payable for the three months ended in Dec. 2023 was 65.90.

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

GBAXY' s Days Payable Range Over the Past 10 Years
Min: 20.13 Med: 35.29 Max: 59.37
Current: 69.57

During the past 13 years, Ghabbour Auto's highest Days Payable was 59.37. The lowest was 20.13. And the median was 35.29.

GBAXY's Days Payable is ranked better than
52.84% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs GBAXY: 69.57

Ghabbour Auto's Days Payable declined from Dec. 2022 (86.44) to Dec. 2023 (65.90). It may suggest that Ghabbour Auto accelerated paying its suppliers.

Ghabbour Auto Days Payable Historical Data

The historical data trend for Ghabbour Auto'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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Ghabbour Auto Days Payable Chart

Ghabbour Auto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.96

34.69

35.50

66.81

66.41

Ghabbour Auto Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															86.44	100.27	-	70.59	65.90

Competitive Comparison of Ghabbour Auto's Days Payable

For the Auto Manufacturers subindustry, Ghabbour Auto'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.

Ghabbour Auto's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ghabbour Auto's Days Payable distribution charts can be found below:

* The bar in red indicates where Ghabbour Auto's Days Payable falls into.

Ghabbour Auto 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.

Ghabbour Auto'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
=	( (131.745	+	120.565)	/	2 )	/	693.365	*	365
=	126.155					/	693.365	*	365
=	66.41

Ghabbour Auto's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (170.975	+	120.565)	/	2 )	/	201.844	*	365 / 4
=	145.77					/	201.844	*	365 / 4
=	65.90

Ghabbour Auto Days Payable Related Terms

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Ghabbour Auto (Ghabbour Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ghabbour Auto (OTCPK:GBAXY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GBCO:Egypt

Address

Alexandria Desert Road, Industrial Zone - Abou Rawash Kilo meter 28 Cairo, Giza, EGY

Website

https://www.gb-corporation.com

GB Corp is a company engaged in trading, distributing, and marketing of all transportation means including heavy trucks, semi-trucks, passenger cars, buses, minibuses, microbuses, agriculture tractors pick-ups, mechanical tools equipment for sail movement. It operates in segments that include Passenger cars engaged in trading, distributing, and marketing for all kinds of passenger cars including locally manufactured and imported cars. Buses and trucks segment, 2 & 3 Wheels, Financial Services non-Banking, and Other operations which includes trading spare parts, and accessories. The company derives the majority of its revenue from the Passenger car segment.