Oman Packaging CoOG (MUS:OPCI) Days Payable : 58.79 (As of Mar. 2024)

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What is Oman Packaging CoOG Days Payable?

Oman Packaging CoOG's average Accounts Payable for the three months ended in Mar. 2024 was ر.ع1.38 Mil. Oman Packaging CoOG's Cost of Goods Sold for the three months ended in Mar. 2024 was ر.ع2.14 Mil. Hence, Oman Packaging CoOG's Days Payable for the three months ended in Mar. 2024 was 58.79.

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

MUS:OPCI' s Days Payable Range Over the Past 10 Years
Min: 51.31 Med: 61.74 Max: 80
Current: 61.64

During the past 13 years, Oman Packaging CoOG's highest Days Payable was 80.00. The lowest was 51.31. And the median was 61.74.

MUS:OPCI's Days Payable is ranked better than
52.34% of 363 companies
in the Packaging & Containers industry
Industry Median: 60.26 vs MUS:OPCI: 61.64

Oman Packaging CoOG's Days Payable declined from Mar. 2023 (67.07) to Mar. 2024 (58.79). It may suggest that Oman Packaging CoOG accelerated paying its suppliers.

Oman Packaging CoOG Days Payable Historical Data

The historical data trend for Oman Packaging 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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Oman Packaging CoOG Days Payable Chart

Oman Packaging CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.50

55.43

51.31

57.74

79.16

Oman Packaging CoOG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															67.07	62.52	60.12	65.59	58.79

Competitive Comparison of Oman Packaging CoOG's Days Payable

For the Packaging & Containers subindustry, Oman Packaging 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.

Oman Packaging CoOG's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Oman Packaging CoOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Oman Packaging CoOG's Days Payable falls into.

Oman Packaging 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.

Oman Packaging 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
=	( (2.283	+	1.575)	/	2 )	/	8.894	*	365
=	1.929					/	8.894	*	365
=	79.16

Oman Packaging CoOG's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.575	+	1.18)	/	2 )	/	2.138	*	365 / 4
=	1.3775					/	2.138	*	365 / 4
=	58.79

Oman Packaging CoOG Days Payable Related Terms

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Oman Packaging CoOG (MUS:OPCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Oman Packaging Co SAOG (MUS:OPCI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rusayl Industrial Estate, P.O.Box.99, Sultanate of Oman, Muscat, OMN, 124

Website

https://www.omanipackaging.com

Oman Packaging Co SAOG is engaged in the manufacturing and selling of various types of paper packaging materials. Its product range includes corrugated boxes and a variety of cartons including regular slotted carton, die-cut wrap-around, telescopic top and bottom, single face corrugated rolls for cushioning and protection, and wax-lined cartons for frozen products. The company offers its products to industrial, agriculture and household sector. It sells the products in Oman and also exports to the Gulf Cooperation Council and Asian countries, of which the majority of the revenue is generated from sales made in Oman.

Oman Packaging CoOG (MUS:OPCI) Headlines

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