Alargan International Real Estate Co (KUW:ARGAN) Days Payable : 106.11 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Alargan International Real Estate Co Days Payable?

Alargan International Real Estate Co's average Accounts Payable for the three months ended in Mar. 2024 was KWD6.12 Mil. Alargan International Real Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD5.26 Mil. Hence, Alargan International Real Estate Co's Days Payable for the three months ended in Mar. 2024 was 106.11.

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

KUW:ARGAN' s Days Payable Range Over the Past 10 Years
Min: 39.56 Med: 70.7 Max: 4900.22
Current: 214.46

During the past 13 years, Alargan International Real Estate Co's highest Days Payable was 4900.22. The lowest was 39.56. And the median was 70.70.

KUW:ARGAN's Days Payable is ranked better than
71.84% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs KUW:ARGAN: 214.46

Alargan International Real Estate Co's Days Payable declined from Mar. 2023 (205.05) to Mar. 2024 (106.11). It may suggest that Alargan International Real Estate Co accelerated paying its suppliers.

Alargan International Real Estate Co Days Payable Historical Data

The historical data trend for Alargan International Real Estate 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.

Alargan International Real Estate Co Days Payable Chart

Alargan International Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.50

67.43

59.51

73.97

77.41

Alargan International Real Estate 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															205.05	380.46	312.87	151.09	106.11

Competitive Comparison of Alargan International Real Estate Co's Days Payable

For the Real Estate Services subindustry, Alargan International Real Estate 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.

Alargan International Real Estate Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Alargan International Real Estate Co's Days Payable falls into.

Alargan International Real Estate 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.

Alargan International Real Estate 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
=	( (2.725	+	5.99)	/	2 )	/	20.547	*	365
=	4.3575					/	20.547	*	365
=	77.41

Alargan International Real Estate 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
=	( (5.99	+	6.241)	/	2 )	/	5.259	*	365 / 4
=	6.1155					/	5.259	*	365 / 4
=	106.11

Alargan International Real Estate Co Days Payable Related Terms

Thank you for viewing the detailed overview of Alargan International Real Estate Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Alargan International Real Estate Co (KUW:ARGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alargan International Real Estate Co (KUW:ARGAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free Trade Zone, Argan Business Park, P.O.Box 8904, Shuwaikh (Block F98), Kuwait City, KWT, 22060

Website

http://www.alargan.com

Alargan International Real Estate Co is a real estate company in Kuwait. Its activities are represented primarily in real estate investment activity, contracting activities and hotels and resorts activities. Its operating segments include Real estate investment, Contracting, Hotels, and resorts. The group primarily operates inside Kuwait and outside Kuwait which includes the Kingdom of Saudi Arabia, Kingdom of Bahrain, Arab Republic of Egypt, Sultanate of Oman, and the Republic of Lebanon. Geographically the company receives maximum revenue from inside Kuwait.

Alargan International Real Estate Co (KUW:ARGAN) Headlines

No Headlines