Al Razi Medical Co (SAU:9572) Days Payable : 91.88 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Al Razi Medical Co Days Payable?

Al Razi Medical Co's average Accounts Payable for the six months ended in Jun. 2024 was ﷼11.59 Mil. Al Razi Medical Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼23.02 Mil. Hence, Al Razi Medical Co's Days Payable for the six months ended in Jun. 2024 was 91.88.

The historical rank and industry rank for Al Razi Medical Co's Days Payable or its related term are showing as below:

SAU:9572' s Days Payable Range Over the Past 10 Years
Min: 85.45 Med: 92.76 Max: 100.06
Current: 94.1

During the past 2 years, Al Razi Medical Co's highest Days Payable was 100.06. The lowest was 85.45. And the median was 92.76.

SAU:9572's Days Payable is ranked better than
69.26% of 605 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs SAU:9572: 94.10

Al Razi Medical Co's Days Payable declined from Jun. 2023 (93.28) to Jun. 2024 (91.88). It may suggest that Al Razi Medical Co accelerated paying its suppliers.

Al Razi Medical Co Days Payable Historical Data

The historical data trend for Al Razi Medical 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.

* Premium members only.

Al Razi Medical Co Days Payable Chart

Al Razi Medical Co Annual Data

Trend

Dec22

Dec23

Days Payable

100.06

85.45

Al Razi Medical Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	-	94.01	93.28	91.65	91.88

Competitive Comparison of Al Razi Medical Co's Days Payable

For the Pharmaceutical Retailers subindustry, Al Razi Medical 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.

Al Razi Medical Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al Razi Medical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Al Razi Medical Co's Days Payable falls into.

Al Razi Medical 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.

Al Razi Medical 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
=	( (9.948	+	10.536)	/	2 )	/	43.75	*	365
=	10.242					/	43.75	*	365
=	85.45

Al Razi Medical 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
=	( (10.536	+	12.641)	/	2 )	/	23.018	*	365 / 2
=	11.5885					/	23.018	*	365 / 2
=	91.88

Al Razi Medical Co Days Payable Related Terms

Thank you for viewing the detailed overview of Al Razi Medical Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Razi Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al Razi Medical Co (SAU:9572) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdulaziz Road, Al-Khaleej District, Al-Bada'ea, Al-Qassim, Riyadh, SAU

Website

https://www.razi.sa

Al Razi Medical Co operates in the medical field in the Kingdom of Saudi Arabia. The company provides all pharmaceutical and cosmetic products. It engages in buying and selling pharmaceuticals, medical supplies, herbal and cosmetic products, and all related products on a wholesale and retail basis.

Al Razi Medical Co Headlines

No Headlines