Ades Holding Co (SAU:2382) Days Payable : 112.27 (As of Mar. 2024)

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What is Ades Holding Co Days Payable?

Ades Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼1,143 Mil. Ades Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼929 Mil. Hence, Ades Holding Co's Days Payable for the three months ended in Mar. 2024 was 112.27.

The historical rank and industry rank for Ades Holding Co's Days Payable or its related term are showing as below:

SAU:2382' s Days Payable Range Over the Past 10 Years
Min: 152.08 Med: 152.08 Max: 449.07
Current: 449.07

During the past 1 years, Ades Holding Co's highest Days Payable was 449.07. The lowest was 152.08. And the median was 152.08.

SAU:2382's Days Payable is ranked better than
89.66% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs SAU:2382: 449.07

Ades Holding Co's Days Payable increased from . 20 (0.00) to Mar. 2024 (112.27). It may suggest that Ades Holding Co delayed paying its suppliers.

Ades Holding Co Days Payable Historical Data

The historical data trend for Ades Holding 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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Ades Holding Co Days Payable Chart

Ades Holding Co Annual Data

Trend

Dec23

Days Payable

152.08

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Days Payable	-	-	112.27

Competitive Comparison of Ades Holding Co's Days Payable

For the Oil & Gas Drilling subindustry, Ades Holding 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.

Ades Holding Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ades Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ades Holding Co's Days Payable falls into.

Ades Holding 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.

Ades Holding 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: . 20 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (	+	1091.998)	/	1 )	/	2620.778	*	365
=	1091.998					/	2620.778	*	365
=	152.08

Ades Holding 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
=	( (1091.998	+	1194.884)	/	2 )	/	929.384	*	365 / 4
=	1143.441					/	929.384	*	365 / 4
=	112.27

Ades Holding Co Days Payable Related Terms

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Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

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