Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Days Payable : 629.48 (As of Mar. 2024)

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What is Al-Mazaya Holding Co K.S.C.P Days Payable?

Al-Mazaya Holding Co K.S.C.P's average Accounts Payable for the three months ended in Mar. 2024 was KWD7.81 Mil. Al-Mazaya Holding Co K.S.C.P's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.13 Mil. Hence, Al-Mazaya Holding Co K.S.C.P's Days Payable for the three months ended in Mar. 2024 was 629.48.

The historical rank and industry rank for Al-Mazaya Holding Co K.S.C.P's Days Payable or its related term are showing as below:

KUW:MAZAYA' s Days Payable Range Over the Past 10 Years
Min: 86.97 Med: 231.96 Max: 819.54
Current: 693.38

During the past 13 years, Al-Mazaya Holding Co K.S.C.P's highest Days Payable was 819.54. The lowest was 86.97. And the median was 231.96.

KUW:MAZAYA's Days Payable is ranked better than
90.82% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs KUW:MAZAYA: 693.38

Al-Mazaya Holding Co K.S.C.P's Days Payable declined from Mar. 2023 (965.19) to Mar. 2024 (629.48). It may suggest that Al-Mazaya Holding Co K.S.C.P accelerated paying its suppliers.

Al-Mazaya Holding Co K.S.C.P Days Payable Historical Data

The historical data trend for Al-Mazaya Holding Co K.S.C.P'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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Al-Mazaya Holding Co K.S.C.P Days Payable Chart

Al-Mazaya Holding Co K.S.C.P Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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148.66

197.26

523.99

594.84

819.54

Al-Mazaya Holding Co K.S.C.P 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															965.19	855.36	828.57	617.27	629.48

Competitive Comparison of Al-Mazaya Holding Co K.S.C.P's Days Payable

For the Real Estate Services subindustry, Al-Mazaya Holding Co K.S.C.P'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.

Al-Mazaya Holding Co K.S.C.P's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al-Mazaya Holding Co K.S.C.P's Days Payable distribution charts can be found below:

* The bar in red indicates where Al-Mazaya Holding Co K.S.C.P's Days Payable falls into.

Al-Mazaya Holding Co K.S.C.P 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.

Al-Mazaya Holding Co K.S.C.P'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
=	( (11.736	+	10.358)	/	2 )	/	4.92	*	365
=	11.047					/	4.92	*	365
=	819.54

Al-Mazaya Holding Co K.S.C.P'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
=	( (10.358	+	5.26)	/	2 )	/	1.132	*	365 / 4
=	7.809					/	1.132	*	365 / 4
=	629.48

Al-Mazaya Holding Co K.S.C.P Days Payable Related Terms

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Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) » Definitions » Days Payable

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MAZAYA:United Arab Emirates

Address

Al-Mazaya Tower 01, P.O. Box 3546, 1 - 23th Floor, Al Murqab, Safat, Kuwait, KWT, 13036

Website

http://www.mazayaholding.com

Al-Mazaya Holding Co K.S.C.P is engaged in real estate development and investment activities. It provides real estate products and services in several fields, including housing projects, such as deluxe villas and high-class residential buildings, and commercial projects, such as office and retail buildings. The company is also engaged in other real estate fields to include purchasing, ownership, and selling of lands and their development for the account of the company inside and outside of Kuwait. Its geographical segments include Kuwait; United Arab Emirates (UAE); Kingdom of Saudi Arabia (KSA), Turkey and other countries. The company derives a majority of revenue from the United Arab Emirates.

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