Ajial Real Estate & Entertainment Co (KUW:AREEC) Days Payable : 185.37 (As of Mar. 2024)

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What is Ajial Real Estate & Entertainment Co Days Payable?

Ajial Real Estate & Entertainment Co's average Accounts Payable for the three months ended in Mar. 2024 was KWD1.23 Mil. Ajial Real Estate & Entertainment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.60 Mil. Hence, Ajial Real Estate & Entertainment Co's Days Payable for the three months ended in Mar. 2024 was 185.37.

The historical rank and industry rank for Ajial Real Estate & Entertainment Co's Days Payable or its related term are showing as below:

KUW:AREEC' s Days Payable Range Over the Past 10 Years
Min: 284.04 Med: 979.81 Max: 2851.52
Current: 284.04

During the past 13 years, Ajial Real Estate & Entertainment Co's highest Days Payable was 2851.52. The lowest was 284.04. And the median was 979.81.

KUW:AREEC's Days Payable is ranked better than
78.03% of 1575 companies
in the Real Estate industry
Industry Median: 99.76 vs KUW:AREEC: 284.04

Ajial Real Estate & Entertainment Co's Days Payable declined from Mar. 2023 (811.04) to Mar. 2024 (185.37). It may suggest that Ajial Real Estate & Entertainment Co accelerated paying its suppliers.

Ajial Real Estate & Entertainment Co Days Payable Historical Data

The historical data trend for Ajial Real Estate & Entertainment 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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Ajial Real Estate & Entertainment Co Days Payable Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,563.77

324.60

Ajial Real Estate & Entertainment Co 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															811.04	-	-	228.03	185.37

Competitive Comparison of Ajial Real Estate & Entertainment Co's Days Payable

For the Real Estate Services subindustry, Ajial Real Estate & Entertainment 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.

Ajial Real Estate & Entertainment Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ajial Real Estate & Entertainment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ajial Real Estate & Entertainment Co's Days Payable falls into.

Ajial Real Estate & Entertainment 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.

Ajial Real Estate & Entertainment 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
=	( (2.622	+	1.227)	/	2 )	/	2.164	*	365
=	1.9245					/	2.164	*	365
=	324.60

Ajial Real Estate & Entertainment 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
=	( (1.227	+	0)	/	1 )	/	0.604	*	365 / 4
=	1.227					/	0.604	*	365 / 4
=	185.37

Ajial Real Estate & Entertainment Co Days Payable Related Terms

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Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ajial Real Estate & Entertainment Co (KUW:AREEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085

Website

http://www.ajial-realestate.com

Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.

Ajial Real Estate & Entertainment Co (KUW:AREEC) Headlines

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