Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Days Payable : 31.45 (As of Dec. 2023)

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What is Al Maha Petroleum Products Marketing CoOG Days Payable?

Al Maha Petroleum Products Marketing CoOG's average Accounts Payable for the three months ended in Dec. 2023 was ر.ع43.0 Mil. Al Maha Petroleum Products Marketing CoOG's Cost of Goods Sold for the three months ended in Dec. 2023 was ر.ع124.7 Mil. Hence, Al Maha Petroleum Products Marketing CoOG's Days Payable for the three months ended in Dec. 2023 was 31.45.

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

MUS:MHAS' s Days Payable Range Over the Past 10 Years
Min: 29.47 Med: 33.08 Max: 39.24
Current: 33.4

During the past 13 years, Al Maha Petroleum Products Marketing CoOG's highest Days Payable was 39.24. The lowest was 29.47. And the median was 33.08.

MUS:MHAS's Days Payable is ranked worse than
73.11% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs MUS:MHAS: 33.40

Al Maha Petroleum Products Marketing CoOG's Days Payable declined from Dec. 2022 (32.93) to Dec. 2023 (31.45). It may suggest that Al Maha Petroleum Products Marketing CoOG accelerated paying its suppliers.

Al Maha Petroleum Products Marketing CoOG Days Payable Historical Data

The historical data trend for Al Maha Petroleum Products Marketing 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 Maha Petroleum Products Marketing CoOG Days Payable Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.04

39.24

33.54

32.15

34.18

Al Maha Petroleum Products Marketing CoOG 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															32.93	35.04	34.24	32.30	31.45

Competitive Comparison of Al Maha Petroleum Products Marketing CoOG's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing 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 Maha Petroleum Products Marketing CoOG's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Days Payable falls into.

Al Maha Petroleum Products Marketing 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 Maha Petroleum Products Marketing 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
=	( (45.646	+	42.484)	/	2 )	/	470.552	*	365
=	44.065					/	470.552	*	365
=	34.18

Al Maha Petroleum Products Marketing 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (43.465	+	42.484)	/	2 )	/	124.706	*	365 / 4
=	42.9745					/	124.706	*	365 / 4
=	31.45

Al Maha Petroleum Products Marketing CoOG Days Payable Related Terms

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Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

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