ADNOC Logistics & Services (ADX:ADNOCLS) Days Payable : 8.56 (As of Dec. 2022)

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What is ADNOC Logistics & Services Days Payable?

ADNOC Logistics & Services's average Accounts Payable for the six months ended in Dec. 2022 was د.إ149 Mil. ADNOC Logistics & Services's Cost of Goods Sold for the six months ended in Dec. 2022 was د.إ6,357 Mil. Hence, ADNOC Logistics & Services's Days Payable for the six months ended in Dec. 2022 was 4.28.

The historical rank and industry rank for ADNOC Logistics & Services's Days Payable or its related term are showing as below:

ADX:ADNOCLS' s Days Payable Range Over the Past 10 Years
Min: 7.25 Med: 7.91 Max: 8.56
Current: 8.56

During the past 2 years, ADNOC Logistics & Services's highest Days Payable was 8.56. The lowest was 7.25. And the median was 7.91.

ADX:ADNOCLS's Days Payable is ranked worse than
94.88% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs ADX:ADNOCLS: 8.56

ADNOC Logistics & Services's Days Payable increased from . 20 (0.00) to Dec. 2022 (8.56). It may suggest that ADNOC Logistics & Services delayed paying its suppliers.

ADNOC Logistics & Services Days Payable Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Days Payable Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Days Payable

7.25

8.56

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22
Days Payable	7.25	8.56

Competitive Comparison of ADNOC Logistics & Services's Days Payable

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Days Payable distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Days Payable falls into.

ADNOC Logistics & Services 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.

ADNOC Logistics & Services's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (70.345	+	227.944)	/	2 )	/	6356.792	*	365
=	149.1445					/	6356.792	*	365
=	8.56

ADNOC Logistics & Services's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (70.345	+	227.944)	/	2 )	/	6356.792	*	365 / 2
=	149.1445					/	6356.792	*	365 / 2
=	4.28

ADNOC Logistics & Services Days Payable Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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