Combined Group Contracting K C (KUW:CGC) Days Payable : 234.64 (As of Mar. 2024)

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What is Combined Group Contracting K C Days Payable?

Combined Group Contracting K C's average Accounts Payable for the three months ended in Mar. 2024 was KWD92.1 Mil. Combined Group Contracting K C's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD35.8 Mil. Hence, Combined Group Contracting K C's Days Payable for the three months ended in Mar. 2024 was 234.64.

The historical rank and industry rank for Combined Group Contracting K C's Days Payable or its related term are showing as below:

KUW:CGC' s Days Payable Range Over the Past 10 Years
Min: 147.03 Med: 201.66 Max: 250.91
Current: 220.1

During the past 13 years, Combined Group Contracting K C's highest Days Payable was 250.91. The lowest was 147.03. And the median was 201.66.

KUW:CGC's Days Payable is ranked better than
84.18% of 1606 companies
in the Construction industry
Industry Median: 76.53 vs KUW:CGC: 220.10

Combined Group Contracting K C's Days Payable increased from Mar. 2023 (201.79) to Mar. 2024 (234.64). It may suggest that Combined Group Contracting K C delayed paying its suppliers.

Combined Group Contracting K C Days Payable Historical Data

The historical data trend for Combined Group Contracting K C'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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Combined Group Contracting K C Days Payable Chart

Combined Group Contracting K C Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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210.50

250.80

250.91

241.05

216.52

Combined Group Contracting K C 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															201.79	214.31	206.55	224.98	234.64

Competitive Comparison of Combined Group Contracting K C's Days Payable

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.

Combined Group Contracting K C's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Days Payable distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Days Payable falls into.

Combined Group Contracting K C 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.

Combined Group Contracting K C'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
=	( (88.326	+	93.074)	/	2 )	/	152.896	*	365
=	90.7					/	152.896	*	365
=	216.52

Combined Group Contracting K C'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
=	( (93.074	+	91.048)	/	2 )	/	35.802	*	365 / 4
=	92.061					/	35.802	*	365 / 4
=	234.64

Combined Group Contracting K C Days Payable Related Terms

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Combined Group Contracting K C (KUW:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.