Arab Sea Information System Co (SAU:7201) Days Payable : 15.66 (As of Sep. 2024)

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What is Arab Sea Information System Co Days Payable?

Arab Sea Information System Co's average Accounts Payable for the three months ended in Sep. 2024 was ﷼1.69 Mil. Arab Sea Information System Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ﷼9.87 Mil. Hence, Arab Sea Information System Co's Days Payable for the three months ended in Sep. 2024 was 15.66.

The historical rank and industry rank for Arab Sea Information System Co's Days Payable or its related term are showing as below:

SAU:7201' s Days Payable Range Over the Past 10 Years
Min: 23.37 Med: 41.57 Max: 100.21
Current: 23.37

During the past 6 years, Arab Sea Information System Co's highest Days Payable was 100.21. The lowest was 23.37. And the median was 41.57.

SAU:7201's Days Payable is ranked worse than
74.2% of 2523 companies
in the Software industry
Industry Median: 48.75 vs SAU:7201: 23.37

Arab Sea Information System Co's Days Payable declined from Sep. 2023 (25.55) to Sep. 2024 (15.66). It may suggest that Arab Sea Information System Co accelerated paying its suppliers.

Arab Sea Information System Co Days Payable Historical Data

The historical data trend for Arab Sea Information System 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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Arab Sea Information System Co Days Payable Chart

Arab Sea Information System Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.60

40.14

42.99

38.09

34.31

Arab Sea Information System Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															25.55	127.46	18.84	19.46	15.66

Competitive Comparison of Arab Sea Information System Co's Days Payable

For the Software - Application subindustry, Arab Sea Information System 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.

Arab Sea Information System Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Arab Sea Information System Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Arab Sea Information System Co's Days Payable falls into.

Arab Sea Information System 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.

Arab Sea Information System 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
=	( (1.728	+	2.123)	/	2 )	/	20.486	*	365
=	1.9255					/	20.486	*	365
=	34.31

Arab Sea Information System Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.632	+	1.755)	/	2 )	/	9.865	*	365 / 4
=	1.6935					/	9.865	*	365 / 4
=	15.66

Arab Sea Information System Co Days Payable Related Terms

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Arab Sea Information System Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arab Sea Information System Co (SAU:7201) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, Exit 14-13, P.O BOX 40268, Riyadh, SAU, 11499

Website

https://www.arabsea.com

Arab Sea Information System Co is a Saudi Arabia-based company that specializes in the production of software for small, medium, and large businesses and offers information systems and solutions for government institutions and IT sectors. The company's business activities are the Installation and extension of computer and communication networks, Retail sale of computers and its accessories, including (printers and their inks) and Operating systems.

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