Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Days Payable : 16.01 (As of Mar. 2024)

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What is Gulf Cable & Electrical Industries Co KSC Days Payable?

Gulf Cable & Electrical Industries Co KSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD3.82 Mil. Gulf Cable & Electrical Industries Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD21.78 Mil. Hence, Gulf Cable & Electrical Industries Co KSC's Days Payable for the three months ended in Mar. 2024 was 16.01.

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

KUW:CABLE' s Days Payable Range Over the Past 10 Years
Min: 10.68 Med: 12.37 Max: 15.85
Current: 14.51

During the past 13 years, Gulf Cable & Electrical Industries Co KSC's highest Days Payable was 15.85. The lowest was 10.68. And the median was 12.37.

KUW:CABLE's Days Payable is ranked worse than
97% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs KUW:CABLE: 14.51

Gulf Cable & Electrical Industries Co KSC's Days Payable increased from Mar. 2023 (10.67) to Mar. 2024 (16.01). It may suggest that Gulf Cable & Electrical Industries Co KSC delayed paying its suppliers.

Gulf Cable & Electrical Industries Co KSC Days Payable Historical Data

The historical data trend for Gulf Cable & Electrical 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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Gulf Cable & Electrical Industries Co KSC Days Payable Chart

Gulf Cable & Electrical Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.61

10.68

12.43

11.61

15.53

Gulf Cable & Electrical 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															10.67	13.53	15.00	14.53	16.01

Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Days Payable

For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical 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.

Gulf Cable & Electrical Industries Co KSC's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Days Payable falls into.

Gulf Cable & Electrical 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.

Gulf Cable & Electrical 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
=	( (3.66	+	3.915)	/	2 )	/	89.035	*	365
=	3.7875					/	89.035	*	365
=	15.53

Gulf Cable & Electrical 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
=	( (3.915	+	3.728)	/	2 )	/	21.784	*	365 / 4
=	3.8215					/	21.784	*	365 / 4
=	16.01

Gulf Cable & Electrical Industries Co KSC Days Payable Related Terms

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Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012

Website

https://www.gulfcable.com

Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

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