Etihad Etisalat Co JSC (SAU:7020) Days Payable : 96.43 (As of Mar. 2024)

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What is Etihad Etisalat Co JSC Days Payable?

Etihad Etisalat Co JSC's average Accounts Payable for the three months ended in Mar. 2024 was ﷼2,220 Mil. Etihad Etisalat Co JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼2,101 Mil. Hence, Etihad Etisalat Co JSC's Days Payable for the three months ended in Mar. 2024 was 96.43.

The historical rank and industry rank for Etihad Etisalat Co JSC's Days Payable or its related term are showing as below:

SAU:7020' s Days Payable Range Over the Past 10 Years
Min: 71.97 Med: 153.13 Max: 209.75
Current: 177.99

During the past 13 years, Etihad Etisalat Co JSC's highest Days Payable was 209.75. The lowest was 71.97. And the median was 153.13.

SAU:7020's Days Payable is ranked better than
73.12% of 346 companies
in the Telecommunication Services industry
Industry Median: 104.78 vs SAU:7020: 177.99

Etihad Etisalat Co JSC's Days Payable declined from Mar. 2023 (153.12) to Mar. 2024 (96.43). It may suggest that Etihad Etisalat Co JSC accelerated paying its suppliers.

Etihad Etisalat Co JSC Days Payable Historical Data

The historical data trend for Etihad Etisalat Co JSC'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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Etihad Etisalat Co JSC Days Payable Chart

Etihad Etisalat Co JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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199.25

174.21

161.83

119.58

71.97

Etihad Etisalat Co JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															153.12	239.63	252.33	140.69	96.43

Competitive Comparison of Etihad Etisalat Co JSC's Days Payable

For the Telecom Services subindustry, Etihad Etisalat Co JSC'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.

Etihad Etisalat Co JSC's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Etihad Etisalat Co JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Etihad Etisalat Co JSC's Days Payable falls into.

Etihad Etisalat Co JSC 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.

Etihad Etisalat Co JSC'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
=	( (1403.029	+	1479.873)	/	2 )	/	7310.788	*	365
=	1441.451					/	7310.788	*	365
=	71.97

Etihad Etisalat Co JSC'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
=	( (1479.873	+	2959.795)	/	2 )	/	2100.525	*	365 / 4
=	2219.834					/	2100.525	*	365 / 4
=	96.43

Etihad Etisalat Co JSC Days Payable Related Terms

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Etihad Etisalat Co JSC (SAU:7020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Etihad Etisalat Co JSC (SAU:7020) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 23088, Riyadh, SAU, 11321

Website

https://www.mobily.com.sa

Etihad Etisalat Co JSC operates in the telecom sector. The company also manages, installs and operates telephone networks, terminals, and telecommunication unit systems, as well as to sell and maintain mobile phones and telecommunication units in the Kingdom of Saudi Arabia. The company provides integrated services for three main sectors; individuals, businesses, and carriers. All of the company's operations are principally conducted in the Kingdom of Saudi Arabia.

Etihad Etisalat Co JSC (SAU:7020) Headlines

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