Rasan Information Technology Co (SAU:8313) Days Payable : 475.40 (As of Sep. 2024)

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What is Rasan Information Technology Co Days Payable?

Rasan Information Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ﷼222.1 Mil. Rasan Information Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ﷼42.6 Mil. Hence, Rasan Information Technology Co's Days Payable for the three months ended in Sep. 2024 was 475.40.

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

SAU:8313' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1179.63
Current: 1179.63

During the past 0 years, Rasan Information Technology Co's highest Days Payable was 1179.63. The lowest was 0.00. And the median was 0.00.

SAU:8313's Days Payable is ranked better than
89.36% of 47 companies
in the Insurance industry
Industry Median: 54.17 vs SAU:8313: 1179.63

Rasan Information Technology Co's Days Payable increased from . 20 (0.00) to Sep. 2024 (475.40). It may suggest that Rasan Information Technology Co delayed paying its suppliers.

Rasan Information Technology Co Days Payable Historical Data

The historical data trend for Rasan Information Technology 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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Rasan Information Technology Co Days Payable Chart

Rasan Information Technology Co Annual Data

Trend

Days Payable

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Days Payable	-	-	634.17	475.40

Competitive Comparison of Rasan Information Technology Co's Days Payable

For the Insurance Brokers subindustry, Rasan Information Technology 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.

Rasan Information Technology Co's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Rasan Information Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rasan Information Technology Co's Days Payable falls into.

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Rasan Information Technology 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.

Rasan Information Technology Co's Days Payable for the fiscal year that ended in . 20 is calculated as

	Days Payable (A: . 20 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Rasan Information Technology 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
=	( (181.328	+	262.867)	/	2 )	/	42.63	*	365 / 4
=	222.0975					/	42.63	*	365 / 4
=	475.40

Rasan Information Technology Co Days Payable Related Terms

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Rasan Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

Rasan Information Technology Co Headlines

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