National Industries Group HoldingK (DFM:NIND) Days Payable : 198.37 (As of Dec. 2023)

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What is National Industries Group HoldingK Days Payable?

National Industries Group HoldingK's average Accounts Payable for the three months ended in Dec. 2023 was د.إ737 Mil. National Industries Group HoldingK's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ339 Mil. Hence, National Industries Group HoldingK's Days Payable for the three months ended in Dec. 2023 was 198.37.

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

DFM:NIND' s Days Payable Range Over the Past 10 Years
Min: 63.12 Med: 85.4 Max: 208.7
Current: 208.7

During the past 13 years, National Industries Group HoldingK's highest Days Payable was 208.70. The lowest was 63.12. And the median was 85.40.

DFM:NIND's Days Payable is ranked better than
89.34% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs DFM:NIND: 208.70

National Industries Group HoldingK's Days Payable increased from Dec. 2022 (154.13) to Dec. 2023 (198.37). It may suggest that National Industries Group HoldingK delayed paying its suppliers.

National Industries Group HoldingK Days Payable Historical Data

The historical data trend for National Industries Group HoldingK'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 Group HoldingK Days Payable Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.12

77.74

85.17

75.51

85.62

National Industries Group HoldingK 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															154.13	170.39	303.66	290.50	198.37

Competitive Comparison of National Industries Group HoldingK's Days Payable

For the Conglomerates subindustry, National Industries Group HoldingK'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 Group HoldingK's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Days Payable distribution charts can be found below:

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

National Industries Group HoldingK 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 Group HoldingK'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
=	( (251.319	+	398.097)	/	2 )	/	1384.237	*	365
=	324.708					/	1384.237	*	365
=	85.62

National Industries Group HoldingK'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
=	( (1076.35	+	398.097)	/	2 )	/	339.121	*	365 / 4
=	737.2235					/	339.121	*	365 / 4
=	198.37

National Industries Group HoldingK Days Payable Related Terms

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National Industries Group HoldingK (DFM:NIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (DFM:NIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NIND:Kuwait

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and shares, building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate infrastructure and financial services. The company has four segments: Investments, Building materials, Specialist engineering and chemical and Hotel and IT services. Geographically, it generates majority revenue from the Kuwait region.

National Industries Group HoldingK (DFM:NIND) Headlines

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