National Industries Co KSC (KUW:NICBM) Days Payable : 102.01 (As of Mar. 2024)

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What is National Industries Co KSC Days Payable?

National Industries Co KSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD11.92 Mil. National Industries Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD10.67 Mil. Hence, National Industries Co KSC's Days Payable for the three months ended in Mar. 2024 was 102.01.

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

KUW:NICBM' s Days Payable Range Over the Past 10 Years
Min: 42.37 Med: 72.63 Max: 147.89
Current: 147.89

During the past 13 years, National Industries Co KSC's highest Days Payable was 147.89. The lowest was 42.37. And the median was 72.63.

KUW:NICBM's Days Payable is ranked better than
76.02% of 1610 companies
in the Construction industry
Industry Median: 76.345 vs KUW:NICBM: 147.89

National Industries Co KSC's Days Payable increased from Mar. 2023 (101.27) to Mar. 2024 (102.01). It may suggest that National Industries Co KSC delayed paying its suppliers.

National Industries Co KSC Days Payable Historical Data

The historical data trend for National Industries 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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National Industries Co KSC Days Payable Chart

National Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.17

85.63

58.87

42.37

49.80

National Industries Co KSC 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															101.27	191.85	187.44	104.03	102.01

Competitive Comparison of National Industries Co KSC's Days Payable

For the Building Products & Equipment subindustry, National Industries 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.

National Industries Co KSC's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, National Industries Co KSC's Days Payable distribution charts can be found below:

* The bar in red indicates where National Industries Co KSC's Days Payable falls into.

National Industries 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.

National Industries Co KSC'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
=	( (5.387	+	5.49)	/	2 )	/	39.862	*	365
=	5.4385					/	39.862	*	365
=	49.80

National Industries Co KSC'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
=	( (5.49	+	18.357)	/	2 )	/	10.666	*	365 / 4
=	11.9235					/	10.666	*	365 / 4
=	102.01

National Industries Co KSC Days Payable Related Terms

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National Industries Co KSC (KUW:NICBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » National Industries Co KSC (KUW:NICBM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034

Website

https://www.nicbm.com

National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.

National Industries Co KSC (KUW:NICBM) Headlines

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