Cherat Cement Co (KAR:CHCC) Days Payable : 49.15 (As of Dec. 2023)

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What is Cherat Cement Co Days Payable?

Cherat Cement Co's average Accounts Payable for the three months ended in Dec. 2023 was ₨3,601 Mil. Cherat Cement Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₨6,685 Mil. Hence, Cherat Cement Co's Days Payable for the three months ended in Dec. 2023 was 49.15.

The historical rank and industry rank for Cherat Cement Co's Days Payable or its related term are showing as below:

KAR:CHCC' s Days Payable Range Over the Past 10 Years
Min: 12.45 Med: 31.43 Max: 68.3
Current: 39.09

During the past 13 years, Cherat Cement Co's highest Days Payable was 68.30. The lowest was 12.45. And the median was 31.43.

KAR:CHCC's Days Payable is ranked worse than
74.73% of 372 companies
in the Building Materials industry
Industry Median: 67.09 vs KAR:CHCC: 39.09

Cherat Cement Co's Days Payable increased from Dec. 2022 (37.32) to Dec. 2023 (49.15). It may suggest that Cherat Cement Co delayed paying its suppliers.

Cherat Cement Co Days Payable Historical Data

The historical data trend for Cherat Cement Co'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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Cherat Cement Co Days Payable Chart

Cherat Cement Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

38.42

18.61

13.26

13.70

12.45

Cherat Cement Co 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															37.32	43.57	29.89	29.07	49.15

Competitive Comparison of Cherat Cement Co's Days Payable

For the Building Materials subindustry, Cherat Cement Co'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.

Cherat Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cherat Cement Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cherat Cement Co's Days Payable falls into.

Cherat Cement Co 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.

Cherat Cement Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (990.915	+	868.58)	/	2 )	/	27249.373	*	365
=	929.7475					/	27249.373	*	365
=	12.45

Cherat Cement Co'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
=	( (3590.722	+	3610.64)	/	2 )	/	6684.522	*	365 / 4
=	3600.681					/	6684.522	*	365 / 4
=	49.15

Cherat Cement Co Days Payable Related Terms

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Cherat Cement Co (KAR:CHCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cherat Cement Co Ltd (KAR:CHCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beaumont Road, Modern Motors House, Karachi, SD, PAK, 75530

Website

https://www.gfg.com.pk

Cherat Cement Co Ltd is a Pakistan-based company engaged in manufacturing, marketing and sale of Ordinary Portland Cement. The company operates in one operating segment namely manufacturing, marketing, and sale of cement. The plant of the company is located at Village Lakrai, District Nowshera, Khyber Pakhtunkhwa (KPK) province.

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