Edarat Communication And Information Technology Co (SAU:9557) Days Payable : 15.87 (As of Dec. 2023)

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What is Edarat Communication And Information Technology Co Days Payable?

Edarat Communication And Information Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was ﷼1.96 Mil. Edarat Communication And Information Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼22.49 Mil. Hence, Edarat Communication And Information Technology Co's Days Payable for the six months ended in Dec. 2023 was 15.87.

The historical rank and industry rank for Edarat Communication And Information Technology Co's Days Payable or its related term are showing as below:

SAU:9557' s Days Payable Range Over the Past 10 Years
Min: 19.13 Med: 28.54 Max: 33.06
Current: 19.13

During the past 3 years, Edarat Communication And Information Technology Co's highest Days Payable was 33.06. The lowest was 19.13. And the median was 28.54.

SAU:9557's Days Payable is ranked worse than
80.69% of 2532 companies
in the Software industry
Industry Median: 50.275 vs SAU:9557: 19.13

Edarat Communication And Information Technology Co's Days Payable declined from Dec. 2022 (29.49) to Dec. 2023 (15.87). It may suggest that Edarat Communication And Information Technology Co accelerated paying its suppliers.

Edarat Communication And Information Technology Co Days Payable Historical Data

The historical data trend for Edarat Communication And Information Technology 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.

* Premium members only.

Edarat Communication And Information Technology Co Days Payable Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

33.06

28.54

20.67

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	27.25	29.49	20.78	15.87

Competitive Comparison of Edarat Communication And Information Technology Co's Days Payable

For the Information Technology Services subindustry, Edarat Communication And Information Technology 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.

Edarat Communication And Information Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Edarat Communication And Information Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Edarat Communication And Information Technology Co's Days Payable falls into.

Edarat Communication And Information Technology 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.

Edarat Communication And Information Technology 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
=	( (3.265	+	1.904)	/	2 )	/	45.644	*	365
=	2.5845					/	45.644	*	365
=	20.67

Edarat Communication And Information Technology Co'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
=	( (2.008	+	1.904)	/	2 )	/	22.491	*	365 / 2
=	1.956					/	22.491	*	365 / 2
=	15.87

Edarat Communication And Information Technology Co Days Payable Related Terms

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Edarat Communication And Information Technology Co (SAU:9557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

Edarat Communication And Information Technology Co (SAU:9557) Headlines

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