Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) Days Payable : 383.11 (As of Mar. 2024)

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What is Munshaat Real Estate Projects Co KSCC Days Payable?

Munshaat Real Estate Projects Co KSCC's average Accounts Payable for the three months ended in Mar. 2024 was KWD12.74 Mil. Munshaat Real Estate Projects Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD3.04 Mil. Hence, Munshaat Real Estate Projects Co KSCC's Days Payable for the three months ended in Mar. 2024 was 383.11.

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

KUW:MUNSHAAT' s Days Payable Range Over the Past 10 Years
Min: 424.75 Med: 1057.22 Max: 2035.12
Current: 424.75

During the past 13 years, Munshaat Real Estate Projects Co KSCC's highest Days Payable was 2035.12. The lowest was 424.75. And the median was 1057.22.

KUW:MUNSHAAT's Days Payable is ranked better than
85.13% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs KUW:MUNSHAAT: 424.75

Munshaat Real Estate Projects Co KSCC's Days Payable declined from Mar. 2023 (641.31) to Mar. 2024 (383.11). It may suggest that Munshaat Real Estate Projects Co KSCC accelerated paying its suppliers.

Munshaat Real Estate Projects Co KSCC Days Payable Historical Data

The historical data trend for Munshaat Real Estate Projects 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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Munshaat Real Estate Projects Co KSCC Days Payable Chart

Munshaat Real Estate Projects Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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609.96

1,770.10

1,274.11

929.77

599.02

Munshaat Real Estate Projects 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															641.31	424.39	472.59	409.50	383.11

Competitive Comparison of Munshaat Real Estate Projects Co KSCC's Days Payable

For the Real Estate Services subindustry, Munshaat Real Estate Projects 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.

Munshaat Real Estate Projects Co KSCC's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Munshaat Real Estate Projects Co KSCC's Days Payable falls into.

Munshaat Real Estate Projects 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.

Munshaat Real Estate Projects 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
=	( (24.835	+	12.554)	/	2 )	/	11.391	*	365
=	18.6945					/	11.391	*	365
=	599.02

Munshaat Real Estate Projects 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
=	( (12.554	+	12.931)	/	2 )	/	3.035	*	365 / 4
=	12.7425					/	3.035	*	365 / 4
=	383.11

Munshaat Real Estate Projects Co KSCC Days Payable Related Terms

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Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Shuhada Street, Al-Arraya Tower 2, Floor 43, Sharq, Kuwait City, KWT

Website

http://www.munshaat.com

Munshaat Real Estate Projects Co KSCC is a real estate company. The company's operations predominantly consist of owning, selling and purchasing real estates and lands as well as developing them inside and outside Kuwait, and also managing the properties of others. The company is organized into two business segments - Real Estate segment comprises purchase, sale, development, renting, hotel operations and managing of properties; and Investment segment is involved in managing a portfolio of investments. Its primary geographic markets are Kuwait and Gulf Cooperation Council countries.

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