Muscat City Desalination CoOG (MUS:MCDE) Days Payable : 41.30 (As of Sep. 2024)

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What is Muscat City Desalination CoOG Days Payable?

Muscat City Desalination CoOG's average Accounts Payable for the three months ended in Sep. 2024 was ر.ع1.59 Mil. Muscat City Desalination CoOG's Cost of Goods Sold for the three months ended in Sep. 2024 was ر.ع3.50 Mil. Hence, Muscat City Desalination CoOG's Days Payable for the three months ended in Sep. 2024 was 41.30.

The historical rank and industry rank for Muscat City Desalination CoOG's Days Payable or its related term are showing as below:

MUS:MCDE' s Days Payable Range Over the Past 10 Years
Min: 32.14 Med: 38.12 Max: 48.78
Current: 44.08

During the past 7 years, Muscat City Desalination CoOG's highest Days Payable was 48.78. The lowest was 32.14. And the median was 38.12.

MUS:MCDE's Days Payable is ranked worse than
69.2% of 474 companies
in the Utilities - Regulated industry
Industry Median: 67.09 vs MUS:MCDE: 44.08

Muscat City Desalination CoOG's Days Payable increased from Sep. 2023 (40.51) to Sep. 2024 (41.30). It may suggest that Muscat City Desalination CoOG delayed paying its suppliers.

Muscat City Desalination CoOG Days Payable Historical Data

The historical data trend for Muscat City Desalination 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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Muscat City Desalination CoOG Days Payable Chart

Muscat City Desalination CoOG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.14

35.52

45.42

48.78

40.71

Muscat City Desalination CoOG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															40.51	47.91	44.95	39.51	41.30

Competitive Comparison of Muscat City Desalination CoOG's Days Payable

For the Utilities - Regulated Water subindustry, Muscat City Desalination 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.

Muscat City Desalination CoOG's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Muscat City Desalination CoOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Muscat City Desalination CoOG's Days Payable falls into.

Muscat City Desalination 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.

Muscat City Desalination 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
=	( (1.399	+	1.288)	/	2 )	/	12.047	*	365
=	1.3435					/	12.047	*	365
=	40.71

Muscat City Desalination CoOG's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.539	+	1.631)	/	2 )	/	3.502	*	365 / 4
=	1.585					/	3.502	*	365 / 4
=	41.30

Muscat City Desalination CoOG Days Payable Related Terms

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Muscat City Desalination CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Muscat City Desalination Co SAOG (MUS:MCDE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ghubrah, P.O. Box 1935, Muscat, OMN, 114

Website

https://www.mcdcoman.com

Muscat City Desalination Co SAOG is engaged in owning, developing, and operating water projects and selling desalinated water. The company focuses on providing clean drinking water by operating Al Ghubrah independent water project. Water sales take place in the Sultanate of Oman. The Company's revenue stream comprises water capacity investment charge, water capacity operation and maintenance charge, water output operation and maintenance charge, and electricity charges.

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