Gulf Petroleum Investment Co KSCC (KUW:GPI) Days Payable : 83.23 (As of Mar. 2024)

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What is Gulf Petroleum Investment Co KSCC Days Payable?

Gulf Petroleum Investment Co KSCC's average Accounts Payable for the three months ended in Mar. 2024 was KWD0.97 Mil. Gulf Petroleum Investment Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.06 Mil. Hence, Gulf Petroleum Investment Co KSCC's Days Payable for the three months ended in Mar. 2024 was 83.23.

The historical rank and industry rank for Gulf Petroleum Investment Co KSCC's Days Payable or its related term are showing as below:

KUW:GPI' s Days Payable Range Over the Past 10 Years
Min: 91.69 Med: 122.14 Max: 257.14
Current: 257.14

During the past 13 years, Gulf Petroleum Investment Co KSCC's highest Days Payable was 257.14. The lowest was 91.69. And the median was 122.14.

KUW:GPI's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 60.89 vs KUW:GPI: 257.14

Gulf Petroleum Investment Co KSCC's Days Payable increased from Mar. 2023 (81.84) to Mar. 2024 (83.23). It may suggest that Gulf Petroleum Investment Co KSCC delayed paying its suppliers.

Gulf Petroleum Investment Co KSCC Days Payable Historical Data

The historical data trend for Gulf Petroleum Investment Co KSCC'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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Gulf Petroleum Investment Co KSCC Days Payable Chart

Gulf Petroleum Investment Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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122.14

111.07

91.69

208.01

Gulf Petroleum Investment Co KSCC 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															81.84	83.11	94.03	-	83.23

Competitive Comparison of Gulf Petroleum Investment Co KSCC's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Gulf Petroleum Investment Co KSCC'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.

Gulf Petroleum Investment Co KSCC's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Petroleum Investment Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where Gulf Petroleum Investment Co KSCC's Days Payable falls into.

Gulf Petroleum Investment Co KSCC 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.

Gulf Petroleum Investment Co KSCC'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
=	( (0.872	+	0.832)	/	2 )	/	1.495	*	365
=	0.852					/	1.495	*	365
=	208.01

Gulf Petroleum Investment Co KSCC'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
=	( (0.832	+	1.109)	/	2 )	/	1.064	*	365 / 4
=	0.9705					/	1.064	*	365 / 4
=	83.23

Gulf Petroleum Investment Co KSCC Days Payable Related Terms

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Gulf Petroleum Investment Co KSCC (KUW:GPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Petroleum Investment Co KSCC (KUW:GPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086

Website

http://www.petrogulf.com.kw

Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.