Sumou Real Estate Co (SAU:4323) Days Payable : 120.69 (As of Mar. 2024)

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What is Sumou Real Estate Co Days Payable?

Sumou Real Estate Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼78.6 Mil. Sumou Real Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼59.4 Mil. Hence, Sumou Real Estate Co's Days Payable for the three months ended in Mar. 2024 was 120.69.

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

SAU:4323' s Days Payable Range Over the Past 10 Years
Min: 70.42 Med: 150.66 Max: 721.54
Current: 148.71

During the past 5 years, Sumou Real Estate Co's highest Days Payable was 721.54. The lowest was 70.42. And the median was 150.66.

SAU:4323's Days Payable is ranked better than
61.75% of 1579 companies
in the Real Estate industry
Industry Median: 101.48 vs SAU:4323: 148.71

Sumou Real Estate Co's Days Payable declined from Mar. 2023 (158.84) to Mar. 2024 (120.69). It may suggest that Sumou Real Estate Co accelerated paying its suppliers.

Sumou Real Estate Co Days Payable Historical Data

The historical data trend for Sumou Real Estate 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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Sumou Real Estate Co Days Payable Chart

Sumou Real Estate Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

721.54

128.40

70.42

172.91

Sumou Real Estate Co Quarterly Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									158.84	249.72	151.61	122.75	120.69

Competitive Comparison of Sumou Real Estate Co's Days Payable

For the Real Estate - Development subindustry, Sumou Real Estate 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.

Sumou Real Estate Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumou Real Estate Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sumou Real Estate Co's Days Payable falls into.

Sumou Real Estate 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.

Sumou Real Estate 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
=	( (69.698	+	79.78)	/	2 )	/	157.766	*	365
=	74.739					/	157.766	*	365
=	172.91

Sumou Real Estate 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
=	( (79.78	+	77.438)	/	2 )	/	59.436	*	365 / 4
=	78.609					/	59.436	*	365 / 4
=	120.69

Sumou Real Estate Co Days Payable Related Terms

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Sumou Real Estate Co (SAU:4323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumou Real Estate Co (SAU:4323) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz street, Sumou Tower - P.O.Box 250, Al-Yarmouk District, AlKhobar, SAU, 31952

Website

https://www.sumou.com.sa

Sumou Real Estate Co is engaged in executing and managing real estate development and investment projects in the Kingdom of Saudi Arabia. The company's projects portfolio includes commercial centers, residential complexes, housing units, infrastructure for industrial, and commercial facilities, economic cities, and free zones.

Sumou Real Estate Co (SAU:4323) Headlines

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