Middle East Specialized Cables Co (SAU:2370) Days Payable : 79.13 (As of Mar. 2024)

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What is Middle East Specialized Cables Co Days Payable?

Middle East Specialized Cables Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼205.9 Mil. Middle East Specialized Cables Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼237.5 Mil. Hence, Middle East Specialized Cables Co's Days Payable for the three months ended in Mar. 2024 was 79.13.

The historical rank and industry rank for Middle East Specialized Cables Co's Days Payable or its related term are showing as below:

SAU:2370' s Days Payable Range Over the Past 10 Years
Min: 55.46 Med: 88.46 Max: 113.14
Current: 81.94

During the past 13 years, Middle East Specialized Cables Co's highest Days Payable was 113.14. The lowest was 55.46. And the median was 88.46.

SAU:2370's Days Payable is ranked better than
53.59% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SAU:2370: 81.94

Middle East Specialized Cables Co's Days Payable declined from Mar. 2023 (88.69) to Mar. 2024 (79.13). It may suggest that Middle East Specialized Cables Co accelerated paying its suppliers.

Middle East Specialized Cables Co Days Payable Historical Data

The historical data trend for Middle East Specialized Cables Co'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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Middle East Specialized Cables Co Days Payable Chart

Middle East Specialized Cables Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.14

84.22

88.65

81.50

95.74

Middle East Specialized Cables Co 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															88.69	85.37	86.10	80.71	79.13

Competitive Comparison of Middle East Specialized Cables Co's Days Payable

For the Electrical Equipment & Parts subindustry, Middle East Specialized Cables Co'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.

Middle East Specialized Cables Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Middle East Specialized Cables Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Middle East Specialized Cables Co's Days Payable falls into.

Middle East Specialized Cables Co 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.

Middle East Specialized Cables Co'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
=	( (197.403	+	209.067)	/	2 )	/	774.839	*	365
=	203.235					/	774.839	*	365
=	95.74

Middle East Specialized Cables Co'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
=	( (209.067	+	202.777)	/	2 )	/	237.468	*	365 / 4
=	205.922					/	237.468	*	365 / 4
=	79.13

Middle East Specialized Cables Co Days Payable Related Terms

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Middle East Specialized Cables Co (SAU:2370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Middle East Specialized Cables Co (SAU:2370) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555

Website

https://www.mesccables.com

Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

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