United Mining Industries Co (SAU:9583) Days Payable : 59.04 (As of Jun. 2024)

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What is United Mining Industries Co Days Payable?

United Mining Industries Co's average Accounts Payable for the six months ended in Jun. 2024 was ﷼26.5 Mil. United Mining Industries Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼81.8 Mil. Hence, United Mining Industries Co's Days Payable for the six months ended in Jun. 2024 was 59.04.

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

SAU:9583' s Days Payable Range Over the Past 10 Years
Min: 36.72 Med: 41.15 Max: 56.48
Current: 56.48

During the past 2 years, United Mining Industries Co's highest Days Payable was 56.48. The lowest was 36.72. And the median was 41.15.

SAU:9583's Days Payable is ranked worse than
60.37% of 381 companies
in the Building Materials industry
Industry Median: 70.21 vs SAU:9583: 56.48

United Mining Industries Co's Days Payable increased from Jun. 2023 (42.86) to Jun. 2024 (59.04). It may suggest that United Mining Industries Co delayed paying its suppliers.

United Mining Industries Co Days Payable Historical Data

The historical data trend for United Mining 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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United Mining Industries Co Days Payable Chart

United Mining Industries Co Annual Data

Trend

Dec22

Dec23

Days Payable

36.72

45.57

United Mining Industries Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Days Payable	-	42.86	47.98	59.04

Competitive Comparison of United Mining Industries Co's Days Payable

For the Building Materials subindustry, United Mining 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.

United Mining Industries Co's Days Payable Distribution in the Building Materials Industry

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

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

United Mining 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.

United Mining Industries 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
=	( (18.736	+	23.451)	/	2 )	/	168.967	*	365
=	21.0935					/	168.967	*	365
=	45.57

United Mining 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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (23.451	+	29.463)	/	2 )	/	81.788	*	365 / 2
=	26.457					/	81.788	*	365 / 2
=	59.04

United Mining Industries Co Days Payable Related Terms

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United Mining Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Mining Industries Co (SAU:9583) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Madinah Al Munawarah Street, Salamah District, Salamah Tower, Floor No. 4, Office No. 403, Jeddah, SAU, 23525

Website

https://www.ugc.com.sa

United Mining Industries Co is engaged in manufacturing and selling raw materials extracted from mines and mining of gypsum and anhydrite based on a license from the Ministry of Industry and Mineral Resources. It is one of the companies in the field of manufacturing gypsum and cement building materials and products in the Kingdom of Saudi Arabia. It offers products such as Gypsum Board, Fiber Cement Board, Gypsum Powder, and others. The company has three business segments: Fiber cement board, Gypsum board, and Others. It earns the majority of its revenue from Gypsum Board Segment.

United Mining Industries Co Headlines

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