Arabian Plastic Industrial Co (SAU:9548) Days Payable : 51.17 (As of Jun. 2024)

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What is Arabian Plastic Industrial Co Days Payable?

Arabian Plastic Industrial Co's average Accounts Payable for the six months ended in Jun. 2024 was ﷼20.1 Mil. Arabian Plastic Industrial Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼71.7 Mil. Hence, Arabian Plastic Industrial Co's Days Payable for the six months ended in Jun. 2024 was 51.17.

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

SAU:9548' s Days Payable Range Over the Past 10 Years
Min: 18.79 Med: 33.34 Max: 53.19
Current: 51.9

During the past 4 years, Arabian Plastic Industrial Co's highest Days Payable was 53.19. The lowest was 18.79. And the median was 33.34.

SAU:9548's Days Payable is ranked worse than
58.58% of 1504 companies
in the Chemicals industry
Industry Median: 60.18 vs SAU:9548: 51.90

Arabian Plastic Industrial Co's Days Payable increased from Jun. 2023 (47.25) to Jun. 2024 (51.17). It may suggest that Arabian Plastic Industrial Co delayed paying its suppliers.

Arabian Plastic Industrial Co Days Payable Historical Data

The historical data trend for Arabian Plastic Industrial 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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Arabian Plastic Industrial Co Days Payable Chart

Arabian Plastic Industrial Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

18.79

26.37

40.30

53.19

Arabian Plastic Industrial Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			31.96	44.06	47.25	52.09	51.17

Competitive Comparison of Arabian Plastic Industrial Co's Days Payable

For the Specialty Chemicals subindustry, Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arabian Plastic Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Arabian Plastic Industrial Co's Days Payable falls into.

Arabian Plastic Industrial 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.

Arabian Plastic Industrial 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
=	( (19.135	+	18.347)	/	2 )	/	128.609	*	365
=	18.741					/	128.609	*	365
=	53.19

Arabian Plastic Industrial Co'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
=	( (18.347	+	21.87)	/	2 )	/	71.712	*	365 / 2
=	20.1085					/	71.712	*	365 / 2
=	51.17

Arabian Plastic Industrial Co Days Payable Related Terms

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Arabian Plastic Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street 45, Phase 3, Industrial City 1, Jeddah, SAU

Website

https://www.apico.com.sa

Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

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