Al Hassan Engineering CoOG (MUS:HECI) Days Payable : 247.70 (As of Dec. 2020)

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What is Al Hassan Engineering CoOG Days Payable?

Al Hassan Engineering CoOG's average Accounts Payable for the six months ended in Dec. 2020 was ر.ع12.97 Mil. Al Hassan Engineering CoOG's Cost of Goods Sold for the six months ended in Dec. 2020 was ر.ع19.11 Mil. Hence, Al Hassan Engineering CoOG's Days Payable for the six months ended in Dec. 2020 was 123.85.

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

MUS:HECI's Days Payable is not ranked ^*
in the Construction industry.
Industry Median: 76.71
* Ranked among companies with meaningful Days Payable only.

Al Hassan Engineering CoOG's Days Payable increased from Dec. 2018 (231.12) to Dec. 2020 (247.70). It may suggest that Al Hassan Engineering CoOG delayed paying its suppliers.

Al Hassan Engineering CoOG Days Payable Historical Data

The historical data trend for Al Hassan Engineering 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 Hassan Engineering CoOG Days Payable Chart

Al Hassan Engineering CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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151.66

260.03

231.12

157.34

247.70

Al Hassan Engineering CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Days Payable	Get a 7-Day Free Trial										151.66	260.03	231.12	157.34	247.70

Competitive Comparison of Al Hassan Engineering CoOG's Days Payable

For the Engineering & Construction subindustry, Al Hassan Engineering 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 Hassan Engineering CoOG's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Al Hassan Engineering CoOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Al Hassan Engineering CoOG's Days Payable falls into.

Al Hassan Engineering 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 Hassan Engineering CoOG's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (14.161	+	11.776)	/	2 )	/	19.11	*	365
=	12.9685					/	19.11	*	365
=	247.70

Al Hassan Engineering CoOG's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2019 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (14.161	+	11.776)	/	2 )	/	19.11	*	365 / 2
=	12.9685					/	19.11	*	365 / 2
=	123.85

Al Hassan Engineering CoOG Days Payable Related Terms

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Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 1948, Muscat, OMN, 112

Website

http://www.al-hassan.com

Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

Al Hassan Engineering CoOG (MUS:HECI) Headlines

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