Borouge (ADX:BOROUGE) Days Payable : 27.36 (As of Mar. 2024)

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What is Borouge Days Payable?

Borouge's average Accounts Payable for the three months ended in Mar. 2024 was د.إ804 Mil. Borouge's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ2,680 Mil. Hence, Borouge's Days Payable for the three months ended in Mar. 2024 was 27.36.

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

ADX:BOROUGE' s Days Payable Range Over the Past 10 Years
Min: 7.56 Med: 7.56 Max: 29.12
Current: 29.12

During the past 3 years, Borouge's highest Days Payable was 29.12. The lowest was 7.56. And the median was 7.56.

ADX:BOROUGE's Days Payable is ranked worse than
81.67% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs ADX:BOROUGE: 29.12

Borouge's Days Payable declined from Mar. 2023 (33.93) to Mar. 2024 (27.36). It may suggest that Borouge accelerated paying its suppliers.

Borouge Days Payable Historical Data

The historical data trend for Borouge'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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Borouge Days Payable Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

7.56

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				33.93	33.84	28.02	16.82	27.36

Competitive Comparison of Borouge's Days Payable

For the Specialty Chemicals subindustry, Borouge'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.

Borouge's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Borouge's Days Payable distribution charts can be found below:

* The bar in red indicates where Borouge's Days Payable falls into.

Borouge 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.

Borouge'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
=	( (321.995	+	229.722)	/	2 )	/	13323.268	*	365
=	275.8585					/	13323.268	*	365
=	7.56

Borouge'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
=	( (229.722	+	1377.709)	/	2 )	/	2680.196	*	365 / 4
=	803.7155					/	2680.196	*	365 / 4
=	27.36

Borouge Days Payable Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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