Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Days Payable : 163.76 (As of Dec. 2023)

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What is Societe Nationale d'Electrolyse et de Petrochimie Days Payable?

Societe Nationale d'Electrolyse et de Petrochimie's average Accounts Payable for the six months ended in Dec. 2023 was MAD248.0 Mil. Societe Nationale d'Electrolyse et de Petrochimie's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD276.3 Mil. Hence, Societe Nationale d'Electrolyse et de Petrochimie's Days Payable for the six months ended in Dec. 2023 was 163.76.

The historical rank and industry rank for Societe Nationale d'Electrolyse et de Petrochimie's Days Payable or its related term are showing as below:

CAS:SNP' s Days Payable Range Over the Past 10 Years
Min: 93.4 Med: 120.69 Max: 137.99
Current: 137.99

During the past 11 years, Societe Nationale d'Electrolyse et de Petrochimie's highest Days Payable was 137.99. The lowest was 93.40. And the median was 120.69.

CAS:SNP's Days Payable is ranked better than
87.55% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs CAS:SNP: 137.99

Societe Nationale d'Electrolyse et de Petrochimie's Days Payable increased from Dec. 2022 (129.07) to Dec. 2023 (163.76). It may suggest that Societe Nationale d'Electrolyse et de Petrochimie delayed paying its suppliers.

Societe Nationale d'Electrolyse et de Petrochimie Days Payable Historical Data

The historical data trend for Societe Nationale d'Electrolyse et de Petrochimie'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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Societe Nationale d'Electrolyse et de Petrochimie Days Payable Chart

Societe Nationale d'Electrolyse et de Petrochimie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.44

122.93

128.00

133.96

125.17

Societe Nationale d'Electrolyse et de Petrochimie Semi-Annual Data
	Dec13	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															128.67	138.77	129.07	130.53	163.76

Competitive Comparison of Societe Nationale d'Electrolyse et de Petrochimie's Days Payable

For the Specialty Chemicals subindustry, Societe Nationale d'Electrolyse et de Petrochimie'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.

Societe Nationale d'Electrolyse et de Petrochimie's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Societe Nationale d'Electrolyse et de Petrochimie's Days Payable distribution charts can be found below:

* The bar in red indicates where Societe Nationale d'Electrolyse et de Petrochimie's Days Payable falls into.

Societe Nationale d'Electrolyse et de Petrochimie 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.

Societe Nationale d'Electrolyse et de Petrochimie'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
=	( (255.326	+	199.013)	/	2 )	/	662.409	*	365
=	227.1695					/	662.409	*	365
=	125.17

Societe Nationale d'Electrolyse et de Petrochimie'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
=	( (296.936	+	199.013)	/	2 )	/	276.349	*	365 / 2
=	247.9745					/	276.349	*	365 / 2
=	163.76

Societe Nationale d'Electrolyse et de Petrochimie Days Payable Related Terms

Thank you for viewing the detailed overview of Societe Nationale d'Electrolyse et de Petrochimie's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route Cotiere N 111 - Mohammadia, Casablanca, MAR

Website

http://www.snep.ma

Societe Nationale d'Electrolyse et de Petrochimie manufactures vinyl products (PVC and Compound PVC) and products resulting from electrolysis (Soda, Chlorine, Bleach) and Hydrochloric Acid. The company ioffers its products to BTP, Irrigation, Drinking water supply and sanitation, Detergency and domestic and industrial hygiene, Water treatment, and Food industry.

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