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Taqat Mineral Trading Co (SAU:9599) Days Payable : 12.48 (As of Jun. 2024)


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What is Taqat Mineral Trading Co Days Payable?

Taqat Mineral Trading Co's average Accounts Payable for the six months ended in Jun. 2024 was ﷼5.73 Mil. Taqat Mineral Trading Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼83.73 Mil. Hence, Taqat Mineral Trading Co's Days Payable for the six months ended in Jun. 2024 was 12.48.

The historical rank and industry rank for Taqat Mineral Trading Co's Days Payable or its related term are showing as below:

SAU:9599's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 75.76
* Ranked among companies with meaningful Days Payable only.

Taqat Mineral Trading Co's Days Payable increased from . 20 (0.00) to Jun. 2024 (12.48). It may suggest that Taqat Mineral Trading Co delayed paying its suppliers.

Taqat Mineral Trading Co Days Payable Historical Data

The historical data trend for Taqat Mineral Trading 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.

Taqat Mineral Trading Co Days Payable Chart

Taqat Mineral Trading Co Annual Data
Trend
Days Payable

Taqat Mineral Trading Co Semi-Annual Data
Jun23 Jun24
Days Payable - 12.48

Competitive Comparison of Taqat Mineral Trading Co's Days Payable

For the Metal Fabrication subindustry, Taqat Mineral Trading 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.

Taqat Mineral Trading Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Taqat Mineral Trading Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taqat Mineral Trading Co's Days Payable falls into.


Taqat Mineral Trading 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.

Taqat Mineral Trading 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

Taqat Mineral Trading 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
=( (0 + 5.726) / 1 ) / 83.732*365 / 2
=5.726 / 83.732*365 / 2
=12.48

* 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.

Taqat Mineral Trading Co Days Payable Related Terms

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Taqat Mineral Trading Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taqat Mineral Trading Co (SAU:9599) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Abu Nasr Al Dabbas Road, Al Musfat District, Riyadh, SAU, 14545
Website
https://www.taqatco.sa
Taqat Mineral Trading Co is a company whose business activities are represented in its record. commercial in construction, manufacturing, transportation, storage, water supply, sanitation activities, waste management and treatment. It works in the field of metal and scrap iron recycling.

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