Ciments du Maroc (CAS:CMA) Days Payable : 126.37 (As of Dec. 2023)

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What is Ciments du Maroc Days Payable?

Ciments du Maroc's average Accounts Payable for the six months ended in Dec. 2023 was MAD770 Mil. Ciments du Maroc's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD1,112 Mil. Hence, Ciments du Maroc's Days Payable for the six months ended in Dec. 2023 was 126.37.

The historical rank and industry rank for Ciments du Maroc's Days Payable or its related term are showing as below:

CAS:CMA' s Days Payable Range Over the Past 10 Years
Min: 89.6 Med: 130.23 Max: 182.9
Current: 122.83

During the past 13 years, Ciments du Maroc's highest Days Payable was 182.90. The lowest was 89.60. And the median was 130.23.

CAS:CMA's Days Payable is ranked better than
76.28% of 371 companies
in the Building Materials industry
Industry Median: 67.69 vs CAS:CMA: 122.83

Ciments du Maroc's Days Payable increased from Dec. 2022 (123.55) to Dec. 2023 (126.37). It may suggest that Ciments du Maroc delayed paying its suppliers.

Ciments du Maroc Days Payable Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc Days Payable Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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161.89

182.90

161.67

130.94

117.23

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															145.26	147.09	123.55	124.93	126.37

Competitive Comparison of Ciments du Maroc's Days Payable

For the Building Materials subindustry, Ciments du Maroc'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.

Ciments du Maroc's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Days Payable distribution charts can be found below:

* The bar in red indicates where Ciments du Maroc's Days Payable falls into.

Ciments du Maroc 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.

Ciments du Maroc'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
=	( (745.243	+	708.629)	/	2 )	/	2263.407	*	365
=	726.936					/	2263.407	*	365
=	117.23

Ciments du Maroc'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (831.235	+	708.629)	/	2 )	/	1111.9	*	365 / 2
=	769.932					/	1111.9	*	365 / 2
=	126.37

Ciments du Maroc Days Payable Related Terms

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Ciments du Maroc (CAS:CMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ciments du Maroc SA (CAS:CMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.