Bena Steel Industries Co (SAU:9563) Days Payable : 62.13 (As of Jun. 2024)

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What is Bena Steel Industries Co Days Payable?

Bena Steel Industries Co's average Accounts Payable for the six months ended in Jun. 2024 was ﷼58.4 Mil. Bena Steel Industries Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼171.7 Mil. Hence, Bena Steel Industries Co's Days Payable for the six months ended in Jun. 2024 was 62.13.

The historical rank and industry rank for Bena Steel Industries Co's Days Payable or its related term are showing as below:

SAU:9563' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 124.27
Current: 124.27

During the past 0 years, Bena Steel Industries Co's highest Days Payable was 124.27. The lowest was 0.00. And the median was 0.00.

SAU:9563's Days Payable is ranked better than
88.91% of 604 companies
in the Steel industry
Industry Median: 40.18 vs SAU:9563: 124.27

Bena Steel Industries Co's Days Payable increased from Jun. 2022 (0.00) to Jun. 2024 (62.13). It may suggest that Bena Steel Industries Co delayed paying its suppliers.

Bena Steel Industries Co Days Payable Historical Data

The historical data trend for Bena Steel Industries 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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Bena Steel Industries Co Days Payable Chart

Bena Steel Industries Co Annual Data

Trend

Days Payable

Bena Steel Industries Co Semi-Annual Data
	Jun22	Jun23	Jun24
Days Payable	-	55.33	62.13

Competitive Comparison of Bena Steel Industries Co's Days Payable

For the Steel subindustry, Bena Steel Industries 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.

Bena Steel Industries Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bena Steel Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Bena Steel Industries Co's Days Payable falls into.

Bena Steel Industries 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.

Bena Steel Industries 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

Bena Steel Industries 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: Jun. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (60.644	+	56.247)	/	2 )	/	171.666	*	365 / 2
=	58.4455					/	171.666	*	365 / 2
=	62.13

Bena Steel Industries Co Days Payable Related Terms

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Bena Steel Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bena Steel Industries Co (SAU:9563) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4781 King Fahad Ibn Abdulaziz Road 34th Street, 1st Industrial City, Dammam, SAU, 32234-7789

Website

https://www.benasteel.com

Bena Steel Industries Co is a manufacturer of sheets, plates, tape rolls, rods, skewers, angles, wires, and clips of all shapes and sizes. It engages in the manufacturing of pipes and hollow shapes of iron and steel. In addition, it manufactures and installs prefabricated steel structures for refinery and refining units.

Bena Steel Industries Co Headlines

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