RAK Properties PJSC (ADX:RAKPROP) Days Payable : 203.47 (As of Dec. 2023)

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What is RAK Properties PJSC Days Payable?

RAK Properties PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ431 Mil. RAK Properties PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ193 Mil. Hence, RAK Properties PJSC's Days Payable for the three months ended in Dec. 2023 was 203.47.

The historical rank and industry rank for RAK Properties PJSC's Days Payable or its related term are showing as below:

ADX:RAKPROP' s Days Payable Range Over the Past 10 Years
Min: 146.41 Med: 293.97 Max: 928.12
Current: 245.49

During the past 13 years, RAK Properties PJSC's highest Days Payable was 928.12. The lowest was 146.41. And the median was 293.97.

ADX:RAKPROP's Days Payable is ranked better than
75.97% of 1577 companies
in the Real Estate industry
Industry Median: 97.02 vs ADX:RAKPROP: 245.49

RAK Properties PJSC's Days Payable declined from Dec. 2022 (541.99) to Dec. 2023 (203.47). It may suggest that RAK Properties PJSC accelerated paying its suppliers.

RAK Properties PJSC Days Payable Historical Data

The historical data trend for RAK Properties PJSC'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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RAK Properties PJSC Days Payable Chart

RAK Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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714.30

671.48

361.03

516.27

226.90

RAK Properties PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															541.99	230.10	244.14	366.57	203.47

Competitive Comparison of RAK Properties PJSC's Days Payable

For the Real Estate - Development subindustry, RAK Properties PJSC'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.

RAK Properties PJSC's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, RAK Properties PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where RAK Properties PJSC's Days Payable falls into.

RAK Properties PJSC 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.

RAK Properties PJSC'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
=	( (427.398	+	391.303)	/	2 )	/	658.491	*	365
=	409.3505					/	658.491	*	365
=	226.90

RAK Properties PJSC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (470.566	+	391.303)	/	2 )	/	193.258	*	365 / 4
=	430.9345					/	193.258	*	365 / 4
=	203.47

RAK Properties PJSC Days Payable Related Terms

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RAK Properties PJSC (ADX:RAKPROP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RAK Properties PJSC (ADX:RAKPROP) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Julphar Towers, P.O. Box 31113, Floor No 41, Ras Al-Khaimah, ARE

Website

https://www.rakproperties.ae

RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. ?The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management and related services.

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