Lumi Rental Co (SAU:4262) Days Payable : 224.20 (As of Mar. 2024)

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What is Lumi Rental Co Days Payable?

Lumi Rental Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼664.8 Mil. Lumi Rental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼270.6 Mil. Hence, Lumi Rental Co's Days Payable for the three months ended in Mar. 2024 was 224.20.

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

SAU:4262' s Days Payable Range Over the Past 10 Years
Min: 273.88 Med: 277.66 Max: 321.5
Current: 321.5

During the past 2 years, Lumi Rental Co's highest Days Payable was 321.50. The lowest was 273.88. And the median was 277.66.

SAU:4262's Days Payable is ranked better than
92.47% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs SAU:4262: 321.50

Lumi Rental Co's Days Payable increased from Dec. 2022 (214.06) to Mar. 2024 (224.20). It may suggest that Lumi Rental Co delayed paying its suppliers.

Lumi Rental Co Days Payable Historical Data

The historical data trend for Lumi Rental 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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Lumi Rental Co Days Payable Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Days Payable

273.88

281.43

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			214.06	207.80	202.67	263.51	224.20

Competitive Comparison of Lumi Rental Co's Days Payable

For the Rental & Leasing Services subindustry, Lumi Rental 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.

Lumi Rental Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lumi Rental Co's Days Payable falls into.

Lumi Rental 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.

Lumi Rental 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
=	( (392.122	+	725.976)	/	2 )	/	725.066	*	365
=	559.049					/	725.066	*	365
=	281.43

Lumi Rental 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
=	( (725.976	+	603.585)	/	2 )	/	270.57	*	365 / 4
=	664.7805					/	270.57	*	365 / 4
=	224.20

Lumi Rental Co Days Payable Related Terms

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Lumi Rental Co (SAU:4262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company which offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has two reportable segments which are Leasing includes Providing vehicles on long term leases to corporate and government customers . Rental includes Providing vehicles on daily, weekly, monthly rentals to walking and corporate customers.

Lumi Rental Co (SAU:4262) Headlines

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