AL Maather REIT Fund (SAU:4334) Days Payable : 6.69 (As of Jun. 2024)

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What is AL Maather REIT Fund Days Payable?

AL Maather REIT Fund's average Accounts Payable for the six months ended in Jun. 2024 was ﷼0.19 Mil. AL Maather REIT Fund's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼5.24 Mil. Hence, AL Maather REIT Fund's Days Payable for the six months ended in Jun. 2024 was 6.69.

The historical rank and industry rank for AL Maather REIT Fund's Days Payable or its related term are showing as below:

SAU:4334' s Days Payable Range Over the Past 10 Years
Min: 7.1 Med: 7.87 Max: 10.35
Current: 8.19

During the past 7 years, AL Maather REIT Fund's highest Days Payable was 10.35. The lowest was 7.10. And the median was 7.87.

SAU:4334's Days Payable is ranked worse than
94.97% of 557 companies
in the REITs industry
Industry Median: 110.38 vs SAU:4334: 8.19

AL Maather REIT Fund's Days Payable declined from Jun. 2023 (10.74) to Jun. 2024 (6.69). It may suggest that AL Maather REIT Fund accelerated paying its suppliers.

AL Maather REIT Fund Days Payable Historical Data

The historical data trend for AL Maather REIT Fund'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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AL Maather REIT Fund Days Payable Chart

AL Maather REIT Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.35

7.10

7.30

8.43

AL Maather REIT Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial									3.35	12.62	10.74	6.35	6.69

Competitive Comparison of AL Maather REIT Fund's Days Payable

For the REIT - Diversified subindustry, AL Maather REIT Fund'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.

AL Maather REIT Fund's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AL Maather REIT Fund's Days Payable distribution charts can be found below:

* The bar in red indicates where AL Maather REIT Fund's Days Payable falls into.

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AL Maather REIT Fund 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.

AL Maather REIT Fund'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
=	( (0.291	+	0.192)	/	2 )	/	10.462	*	365
=	0.2415					/	10.462	*	365
=	8.43

AL Maather REIT Fund's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.192	+	0)	/	1 )	/	5.239	*	365 / 2
=	0.192					/	5.239	*	365 / 2
=	6.69

AL Maather REIT Fund Days Payable Related Terms

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AL Maather REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AL Maather REIT Fund (SAU:4334) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, P.O Box 63762, Bahrain Tower, Olaya, Mezzanine Floor, Riyadh, SAU, 11526

Website

https://www.obic.com.sa

AL Maather REIT Fund is a closed-end real investment fund that aims to invest in real estate assets that can achieve periodic rental income from the Kingdom of Saudi Arabia per the fund's investment plan and to distribute a majority of the fund's net profits annually to its unitholders. It secondarily invests its assets in real estate development projects.

AL Maather REIT Fund Headlines

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