Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Days Payable : 0.00 (As of Dec. 2023)

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What is Kuwait And Middle East Financial Investment Co Days Payable?

Kuwait And Middle East Financial Investment Co's average Accounts Payable for the three months ended in Dec. 2023 was KWD6.19 Mil. Kuwait And Middle East Financial Investment Co's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD0.00 Mil.

The historical rank and industry rank for Kuwait And Middle East Financial Investment Co's Days Payable or its related term are showing as below:

During the past 13 years, Kuwait And Middle East Financial Investment Co's highest Days Payable was 913.04. The lowest was 5.41. And the median was 552.07.

KUW:KMEFIC's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 69.215
* Ranked among companies with meaningful Days Payable only.

Kuwait And Middle East Financial Investment Co's Days Payable declined from Dec. 2022 (232.54) to Dec. 2023 (0.00). It may suggest that Kuwait And Middle East Financial Investment Co accelerated paying its suppliers.

Kuwait And Middle East Financial Investment Co Days Payable Historical Data

The historical data trend for Kuwait And Middle East Financial Investment Co'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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Kuwait And Middle East Financial Investment Co Days Payable Chart

Kuwait And Middle East Financial Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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151.31

563.40

835.04

913.04

855.35

Kuwait And Middle East Financial Investment Co 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															232.54	-	-	-	-

Competitive Comparison of Kuwait And Middle East Financial Investment Co's Days Payable

For the Asset Management subindustry, Kuwait And Middle East Financial Investment Co'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.

Kuwait And Middle East Financial Investment Co's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kuwait And Middle East Financial Investment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kuwait And Middle East Financial Investment Co's Days Payable falls into.

Kuwait And Middle East Financial Investment Co 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.

Kuwait And Middle East Financial Investment Co'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
=	( (0	+	4.415)	/	1 )	/	1.884	*	365
=	4.415					/	1.884	*	365
=	855.35

Kuwait And Middle East Financial Investment Co'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
=	( (7.959	+	4.415)	/	2 )	/	0	*	365 / 4
=	6.187					/	0	*	365 / 4
=	N/A

Kuwait And Middle East Financial Investment Co Days Payable Related Terms

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Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabian Gulf Street, Khalid Tower, Block 1, Building No.1, Al-Qibla – First Commercial District, Kuwait, KWT, 13009

Website

https://www.kmefic.com.kw

Kuwait And Middle East Financial Investment Co is a Kuwait-based asset management company. The business activity of the group functions through Asset Management, Brokerage and Online Trading, Credit Operations, and Investment and Treasury segments of which it generates the majority of revenue from Asset Management segments. The Asset Management segment is engaged in providing third-party fund and portfolio management services on a fiduciary basis. Besides, the firm is also engaged in other activities such as providing margin loans, money market placements, real estate activities, and proprietary trading in equity stocks and funds. Geographically, the business presence of the firm is seen in both Kuwait and the international market.

Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Headlines

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