AbleGroup Bhd (XKLS:7086) Days Payable : 120.59 (As of Mar. 2024)

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What is AbleGroup Bhd Days Payable?

AbleGroup Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM0.91 Mil. AbleGroup Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM0.69 Mil. Hence, AbleGroup Bhd's Days Payable for the three months ended in Mar. 2024 was 120.59.

The historical rank and industry rank for AbleGroup Bhd's Days Payable or its related term are showing as below:

XKLS:7086' s Days Payable Range Over the Past 10 Years
Min: 19.12 Med: 54.85 Max: 173.89
Current: 173.89

During the past 13 years, AbleGroup Bhd's highest Days Payable was 173.89. The lowest was 19.12. And the median was 54.85.

XKLS:7086's Days Payable is ranked better than
80.15% of 1602 companies
in the Construction industry
Industry Median: 75.99 vs XKLS:7086: 173.89

AbleGroup Bhd's Days Payable declined from Mar. 2023 (122.10) to Mar. 2024 (120.59). It may suggest that AbleGroup Bhd accelerated paying its suppliers.

AbleGroup Bhd Days Payable Historical Data

The historical data trend for AbleGroup Bhd'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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AbleGroup Bhd Days Payable Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.28

103.98

67.56

53.47

56.22

AbleGroup Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															122.10	182.77	249.58	124.97	120.59

Competitive Comparison of AbleGroup Bhd's Days Payable

For the Building Products & Equipment subindustry, AbleGroup Bhd'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.

AbleGroup Bhd's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where AbleGroup Bhd's Days Payable falls into.

AbleGroup Bhd 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.

AbleGroup Bhd'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
=	( (0.475	+	0.597)	/	2 )	/	3.48	*	365
=	0.536					/	3.48	*	365
=	56.22

AbleGroup Bhd's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.597	+	1.232)	/	2 )	/	0.692	*	365 / 4
=	0.9145					/	0.692	*	365 / 4
=	120.59

AbleGroup Bhd Days Payable Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

AbleGroup Bhd (XKLS:7086) Headlines

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