Salhia Real Estate Co KSCP (KUW:SRE) Days Payable : 892.78 (As of Mar. 2024)

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What is Salhia Real Estate Co KSCP Days Payable?

Salhia Real Estate Co KSCP's average Accounts Payable for the three months ended in Mar. 2024 was KWD26.87 Mil. Salhia Real Estate Co KSCP's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD2.75 Mil. Hence, Salhia Real Estate Co KSCP's Days Payable for the three months ended in Mar. 2024 was 892.78.

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

KUW:SRE' s Days Payable Range Over the Past 10 Years
Min: 65.25 Med: 192.32 Max: 1425.89
Current: 1425.89

During the past 13 years, Salhia Real Estate Co KSCP's highest Days Payable was 1425.89. The lowest was 65.25. And the median was 192.32.

KUW:SRE's Days Payable is ranked better than
95.38% of 1579 companies
in the Real Estate industry
Industry Median: 98.03 vs KUW:SRE: 1425.89

Salhia Real Estate Co KSCP's Days Payable increased from Mar. 2023 (805.81) to Mar. 2024 (892.78). It may suggest that Salhia Real Estate Co KSCP delayed paying its suppliers.

Salhia Real Estate Co KSCP Days Payable Historical Data

The historical data trend for Salhia Real Estate Co KSCP'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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Salhia Real Estate Co KSCP Days Payable Chart

Salhia Real Estate Co KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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253.73

667.38

1,408.42

506.14

246.98

Salhia Real Estate Co KSCP 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															805.81	1,510.96	1,918.81	1,117.10	892.78

Competitive Comparison of Salhia Real Estate Co KSCP's Days Payable

For the Real Estate Services subindustry, Salhia Real Estate Co KSCP'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.

Salhia Real Estate Co KSCP's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Salhia Real Estate Co KSCP's Days Payable falls into.

Salhia Real Estate Co KSCP 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.

Salhia Real Estate Co KSCP'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
=	( (3.876	+	8.752)	/	2 )	/	9.331	*	365
=	6.314					/	9.331	*	365
=	246.98

Salhia Real Estate Co KSCP'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
=	( (8.752	+	44.981)	/	2 )	/	2.746	*	365 / 4
=	26.8665					/	2.746	*	365 / 4
=	892.78

Salhia Real Estate Co KSCP Days Payable Related Terms

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Salhia Real Estate Co KSCP (KUW:SRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Salhia Real Estate Co KSCP (KUW:SRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mohammed Thunayan Al-Ghanim Street, P.O. Box 23413, Salhia Complex, Safat, Kuwait City, KWT, 13095

Website

https://www.salhia.com

Salhia Real Estate Co KSC is engaged in real estate leasing and development of commercial properties and hotel operations in Kuwait and the United Kingdom. The company operates its business through three segments: Real Estate Operations, Hotel Operations, and Care Home Operations. Real Estate Operations being the highest revenue generator is engaged in the development and leasing of properties. Hotel Operations consist of the hotel hospitality services provided through JW Marriott Hotel - Kuwait; Courtyard Marriott Hotel-Kuwait; and Arraya Ballroom - Kuwait. Care Home Operations consist of care home activities provided by subsidiary companies. Its primary geographic markets are Kuwait & GCC and Europe.