National Cable & Wire Manufacturing (AMM:WIRE) Days Payable : 9.82 (As of Sep. 2023)

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What is National Cable & Wire Manufacturing Days Payable?

National Cable & Wire Manufacturing's average Accounts Payable for the three months ended in Sep. 2023 was JOD0.45 Mil. National Cable & Wire Manufacturing's Cost of Goods Sold for the three months ended in Sep. 2023 was JOD4.19 Mil. Hence, National Cable & Wire Manufacturing's Days Payable for the three months ended in Sep. 2023 was 9.82.

The historical rank and industry rank for National Cable & Wire Manufacturing's Days Payable or its related term are showing as below:

AMM:WIRE' s Days Payable Range Over the Past 10 Years
Min: 4.83 Med: 7.26 Max: 20.15
Current: 10.57

During the past 13 years, National Cable & Wire Manufacturing's highest Days Payable was 20.15. The lowest was 4.83. And the median was 7.26.

AMM:WIRE's Days Payable is ranked worse than
98.33% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs AMM:WIRE: 10.57

National Cable & Wire Manufacturing's Days Payable declined from Sep. 2022 (11.82) to Sep. 2023 (9.82). It may suggest that National Cable & Wire Manufacturing accelerated paying its suppliers.

National Cable & Wire Manufacturing Days Payable Historical Data

The historical data trend for National Cable & Wire Manufacturing'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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National Cable & Wire Manufacturing Days Payable Chart

National Cable & Wire Manufacturing Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

5.70

6.63

7.18

4.83

7.34

National Cable & Wire Manufacturing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															11.82	11.51	9.55	8.36	9.82

Competitive Comparison of National Cable & Wire Manufacturing's Days Payable

For the Electrical Equipment & Parts subindustry, National Cable & Wire Manufacturing'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.

National Cable & Wire Manufacturing's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, National Cable & Wire Manufacturing's Days Payable distribution charts can be found below:

* The bar in red indicates where National Cable & Wire Manufacturing's Days Payable falls into.

National Cable & Wire Manufacturing 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.

National Cable & Wire Manufacturing'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
=	( (0.155	+	0.433)	/	2 )	/	14.62	*	365
=	0.294					/	14.62	*	365
=	7.34

National Cable & Wire Manufacturing's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.426	+	0.476)	/	2 )	/	4.191	*	365 / 4
=	0.451					/	4.191	*	365 / 4
=	9.82

National Cable & Wire Manufacturing Days Payable Related Terms

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National Cable & Wire Manufacturing (AMM:WIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Cable & Wire Manufacturing (AMM:WIRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Golden Jubilee area, P.O. Box 927104, Zarqa, Amman, JOR, 11190

Website

http://www.cableco.com.jo

National Cable & Wire Manufacturing is engaged in producing wires and cables of copper or aluminum conductors insulated/sheathed ordinary or special types or synthetic rubber. It provides various products such as Coaxial cables, Control cables, PVC insulated wires, Power cables, Concentric and service cables, Flexible cables, Telephone cables, and others.