Mabanee Co KPSC (KUW:MABANEE) Days Payable : 229.82 (As of Mar. 2024)

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What is Mabanee Co KPSC Days Payable?

Mabanee Co KPSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD33.7 Mil. Mabanee Co KPSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD13.4 Mil. Hence, Mabanee Co KPSC's Days Payable for the three months ended in Mar. 2024 was 229.82.

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

KUW:MABANEE' s Days Payable Range Over the Past 10 Years
Min: 19.15 Med: 79.51 Max: 185.15
Current: 117.9

During the past 13 years, Mabanee Co KPSC's highest Days Payable was 185.15. The lowest was 19.15. And the median was 79.51.

KUW:MABANEE's Days Payable is ranked better than
56.48% of 1574 companies
in the Real Estate industry
Industry Median: 97.055 vs KUW:MABANEE: 117.90

Mabanee Co KPSC's Days Payable increased from Mar. 2023 (40.68) to Mar. 2024 (229.82). It may suggest that Mabanee Co KPSC delayed paying its suppliers.

Mabanee Co KPSC Days Payable Historical Data

The historical data trend for Mabanee Co KPSC'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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Mabanee Co KPSC Days Payable Chart

Mabanee Co KPSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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185.15

166.34

143.06

83.83

37.12

Mabanee Co KPSC 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															40.68	52.19	41.26	24.28	229.82

Competitive Comparison of Mabanee Co KPSC's Days Payable

For the Real Estate Services subindustry, Mabanee Co KPSC'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.

Mabanee Co KPSC's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Mabanee Co KPSC's Days Payable falls into.

Mabanee Co KPSC 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.

Mabanee Co KPSC'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
=	( (5.224	+	4.97)	/	2 )	/	50.115	*	365
=	5.097					/	50.115	*	365
=	37.12

Mabanee Co KPSC'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
=	( (4.97	+	62.401)	/	2 )	/	13.375	*	365 / 4
=	33.6855					/	13.375	*	365 / 4
=	229.82

Mabanee Co KPSC Days Payable Related Terms

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Mabanee Co KPSC (KUW:MABANEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mabanee Co KPSC (KUW:MABANEE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052

Website

https://www.mabanee.com

Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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