Al-Ghazi Tractors (KAR:AGTL) Days Payable : 36.21 (As of Dec. 2024)

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What is Al-Ghazi Tractors Days Payable?

Al-Ghazi Tractors's average Accounts Payable for the three months ended in Dec. 2024 was ₨3,177 Mil. Al-Ghazi Tractors's Cost of Goods Sold for the three months ended in Dec. 2024 was ₨8,005 Mil. Hence, Al-Ghazi Tractors's Days Payable for the three months ended in Dec. 2024 was 36.21.

The historical rank and industry rank for Al-Ghazi Tractors's Days Payable or its related term are showing as below:

KAR:AGTL' s Days Payable Range Over the Past 10 Years
Min: 4.75 Med: 7.26 Max: 48.51
Current: 36.04

During the past 13 years, Al-Ghazi Tractors's highest Days Payable was 48.51. The lowest was 4.75. And the median was 7.26.

KAR:AGTL's Days Payable is ranked worse than
66.35% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 67.64 vs KAR:AGTL: 36.04

Al-Ghazi Tractors's Days Payable declined from Dec. 2023 (42.38) to Dec. 2024 (36.21). It may suggest that Al-Ghazi Tractors accelerated paying its suppliers.

Al-Ghazi Tractors Days Payable Historical Data

The historical data trend for Al-Ghazi Tractors'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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Al-Ghazi Tractors Days Payable Chart

Al-Ghazi Tractors Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

6.03

5.85

8.95

6.75

6.69

Al-Ghazi Tractors Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															42.38	38.89	47.06	58.32	36.21

Competitive Comparison of Al-Ghazi Tractors's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Al-Ghazi Tractors'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.

Al-Ghazi Tractors's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Al-Ghazi Tractors's Days Payable distribution charts can be found below:

* The bar in red indicates where Al-Ghazi Tractors's Days Payable falls into.

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Al-Ghazi Tractors 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.

Al-Ghazi Tractors'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
=	( (142.605	+	815.987)	/	2 )	/	26139.744	*	365
=	479.296					/	26139.744	*	365
=	6.69

Al-Ghazi Tractors'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
=	( (5537.258	+	815.987)	/	2 )	/	8005.042	*	365 / 4
=	3176.6225					/	8005.042	*	365 / 4
=	36.21

Al-Ghazi Tractors Days Payable Related Terms

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Al-Ghazi Tractors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Al-Ghazi Tractors Ltd (KAR:AGTL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK

Website

https://www.alghazitractors.com

Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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