Almasane Alkobra Mining Co (SAU:1322) Days Payable : 50.74 (As of Mar. 2024)

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What is Almasane Alkobra Mining Co Days Payable?

Almasane Alkobra Mining Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼55.3 Mil. Almasane Alkobra Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼99.5 Mil. Hence, Almasane Alkobra Mining Co's Days Payable for the three months ended in Mar. 2024 was 50.74.

The historical rank and industry rank for Almasane Alkobra Mining Co's Days Payable or its related term are showing as below:

SAU:1322' s Days Payable Range Over the Past 10 Years
Min: 19.8 Med: 23.06 Max: 42.45
Current: 42.45

During the past 4 years, Almasane Alkobra Mining Co's highest Days Payable was 42.45. The lowest was 19.80. And the median was 23.06.

SAU:1322's Days Payable is ranked worse than
78.67% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SAU:1322: 42.45

Almasane Alkobra Mining Co's Days Payable increased from Mar. 2023 (27.46) to Mar. 2024 (50.74). It may suggest that Almasane Alkobra Mining Co delayed paying its suppliers.

Almasane Alkobra Mining Co Days Payable Historical Data

The historical data trend for Almasane Alkobra Mining Co'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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Almasane Alkobra Mining Co Days Payable Chart

Almasane Alkobra Mining Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

24.18

19.80

21.94

35.90

Almasane Alkobra Mining Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									27.46	26.41	39.87	49.02	50.74

Competitive Comparison of Almasane Alkobra Mining Co's Days Payable

For the Other Precious Metals & Mining subindustry, Almasane Alkobra Mining Co'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.

Almasane Alkobra Mining Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Almasane Alkobra Mining Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Almasane Alkobra Mining Co's Days Payable falls into.

Almasane Alkobra Mining Co 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.

Almasane Alkobra Mining Co'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
=	( (26.958	+	46.228)	/	2 )	/	371.999	*	365
=	36.593					/	371.999	*	365
=	35.90

Almasane Alkobra Mining Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (46.228	+	64.405)	/	2 )	/	99.488	*	365 / 4
=	55.3165					/	99.488	*	365 / 4
=	50.74

Almasane Alkobra Mining Co Days Payable Related Terms

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Almasane Alkobra Mining Co (SAU:1322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almasane Alkobra Mining Co (SAU:1322) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 96, Najran, SAU

Website

https://www.amak.com.sa

Almasane Alkobra Mining Co is engaged in mining non-ferrous metal ores (aluminium, copper, and lead), mining ores of precious metals belonging to the gold, silver, and platinum group, and wholesaling precious metals and gemstones.

Almasane Alkobra Mining Co (SAU:1322) Headlines

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