Al Jazeera Steel Products CoOG (MUS:ATMI) Days Payable : 16.59 (As of Dec. 2023)

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What is Al Jazeera Steel Products CoOG Days Payable?

Al Jazeera Steel Products CoOG's average Accounts Payable for the six months ended in Dec. 2023 was ر.ع5.6 Mil. Al Jazeera Steel Products CoOG's Cost of Goods Sold for the six months ended in Dec. 2023 was ر.ع122.7 Mil. Hence, Al Jazeera Steel Products CoOG's Days Payable for the six months ended in Dec. 2023 was 8.30.

The historical rank and industry rank for Al Jazeera Steel Products CoOG's Days Payable or its related term are showing as below:

MUS:ATMI' s Days Payable Range Over the Past 10 Years
Min: 14.15 Med: 21.7 Max: 35.9
Current: 16.59

During the past 13 years, Al Jazeera Steel Products CoOG's highest Days Payable was 35.90. The lowest was 14.15. And the median was 21.70.

MUS:ATMI's Days Payable is ranked worse than
83.25% of 603 companies
in the Steel industry
Industry Median: 38.98 vs MUS:ATMI: 16.59

Al Jazeera Steel Products CoOG's Days Payable increased from Dec. 2021 (15.37) to Dec. 2023 (16.59). It may suggest that Al Jazeera Steel Products CoOG delayed paying its suppliers.

Al Jazeera Steel Products CoOG Days Payable Historical Data

The historical data trend for Al Jazeera Steel Products CoOG'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 Jazeera Steel Products CoOG Days Payable Chart

Al Jazeera Steel Products CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.70

31.37

15.37

14.15

16.59

Al Jazeera Steel Products CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial													26.70	31.37	15.37	14.15	16.59

Competitive Comparison of Al Jazeera Steel Products CoOG's Days Payable

For the Steel subindustry, Al Jazeera Steel Products CoOG'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 Jazeera Steel Products CoOG's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Al Jazeera Steel Products CoOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Al Jazeera Steel Products CoOG's Days Payable falls into.

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Al Jazeera Steel Products CoOG 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 Jazeera Steel Products CoOG'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
=	( (4.824	+	6.332)	/	2 )	/	122.719	*	365
=	5.578					/	122.719	*	365
=	16.59

Al Jazeera Steel Products CoOG'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.824	+	6.332)	/	2 )	/	122.719	*	365 / 2
=	5.578					/	122.719	*	365 / 2
=	8.30

Al Jazeera Steel Products CoOG Days Payable Related Terms

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Al Jazeera Steel Products CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Jazeera Steel Products Co SAOG (MUS:ATMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327

Website

https://www.jazeerasteel.com

Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sale steel tube, pipes and structural products including associated work. The company deals in products such as Black pipes, Galvanized pipes, Hollow sections, CTL Sheets and Merchant bar, of which key revenue is derived from the sales of Merchant bars. Geographically, the group has a business presence in the GCC countries including Oman, North America and other countries.

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