Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Days Payable : 184.60 (As of Dec. 2023)

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What is Al-Maidan Dental Clinic Co KSC Days Payable?

Al-Maidan Dental Clinic Co KSC's average Accounts Payable for the three months ended in Dec. 2023 was KWD24.06 Mil. Al-Maidan Dental Clinic Co KSC's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD11.89 Mil. Hence, Al-Maidan Dental Clinic Co KSC's Days Payable for the three months ended in Dec. 2023 was 184.60.

The historical rank and industry rank for Al-Maidan Dental Clinic Co KSC's Days Payable or its related term are showing as below:

KUW:MIDAN' s Days Payable Range Over the Past 10 Years
Min: 30.55 Med: 36.93 Max: 155.79
Current: 155.79

During the past 13 years, Al-Maidan Dental Clinic Co KSC's highest Days Payable was 155.79. The lowest was 30.55. And the median was 36.93.

KUW:MIDAN's Days Payable is ranked better than
78.72% of 592 companies
in the Healthcare Providers & Services industry
Industry Median: 62.115 vs KUW:MIDAN: 155.79

Al-Maidan Dental Clinic Co KSC's Days Payable increased from Dec. 2022 (157.76) to Dec. 2023 (184.60). It may suggest that Al-Maidan Dental Clinic Co KSC delayed paying its suppliers.

Al-Maidan Dental Clinic Co KSC Days Payable Historical Data

The historical data trend for Al-Maidan Dental Clinic Co KSC'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-Maidan Dental Clinic Co KSC Days Payable Chart

Al-Maidan Dental Clinic Co KSC Annual Data

Trend

Dec10

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

32.80

38.63

37.94

30.55

35.85

Al-Maidan Dental Clinic Co KSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															157.76	104.66	118.38	184.00	184.60

Competitive Comparison of Al-Maidan Dental Clinic Co KSC's Days Payable

For the Medical Care Facilities subindustry, Al-Maidan Dental Clinic Co KSC'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-Maidan Dental Clinic Co KSC's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al-Maidan Dental Clinic Co KSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Al-Maidan Dental Clinic Co KSC's Days Payable falls into.

Al-Maidan Dental Clinic Co KSC 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-Maidan Dental Clinic Co KSC's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3.75	+	4.823)	/	2 )	/	43.642	*	365
=	4.2865					/	43.642	*	365
=	35.85

Al-Maidan Dental Clinic Co KSC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (23.806	+	24.305)	/	2 )	/	11.891	*	365 / 4
=	24.0555					/	11.891	*	365 / 4
=	184.60

Al-Maidan Dental Clinic Co KSC Days Payable Related Terms

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Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid lbn Al-Waleed Street, P.O. Box 606, Floor 32, KBT Tower, Al-Merqab, Opposite to Behbehani Round-about, Kuwait City, KWT, 15457

Website

https://www.maidangroup.com

Al-Maidan Dental Clinic Co KSC owns and operates dental centers. The company operates in two segments: Clinics and Hospitals. Clinics provide services relating to oral health care, diagnosis, consultations and treatment to outpatients with specialty in dental treatment. The hospital segment generates the majority of revenue for the firm, which includes services relating to medical diagnosis, health care, consultations, surgical and treatment to both outpatients and inpatients with various specialties. Geographically, all of its operations are conducted in the State of Kuwait.

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Headlines

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