Gulf Investment House KSC (KUW:GIH) Days Payable : 138.29 (As of Mar. 2024)

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What is Gulf Investment House KSC Days Payable?

Gulf Investment House KSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD1.71 Mil. Gulf Investment House KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.13 Mil. Hence, Gulf Investment House KSC's Days Payable for the three months ended in Mar. 2024 was 138.29.

The historical rank and industry rank for Gulf Investment House KSC's Days Payable or its related term are showing as below:

KUW:GIH' s Days Payable Range Over the Past 10 Years
Min: 50.18 Med: 161.36 Max: 75177.34
Current: 150.51

During the past 13 years, Gulf Investment House KSC's highest Days Payable was 75177.34. The lowest was 50.18. And the median was 161.36.

KUW:GIH's Days Payable is ranked better than
66.88% of 465 companies
in the Asset Management industry
Industry Median: 74.53 vs KUW:GIH: 150.51

Gulf Investment House KSC's Days Payable increased from Mar. 2023 (85.84) to Mar. 2024 (138.29). It may suggest that Gulf Investment House KSC delayed paying its suppliers.

Gulf Investment House KSC Days Payable Historical Data

The historical data trend for Gulf Investment House 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.

* Premium members only.

Gulf Investment House KSC Days Payable Chart

Gulf Investment House KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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581.02

199.81

122.91

50.18

61.98

Gulf Investment House 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															85.84	138.55	195.15	118.07	138.29

Competitive Comparison of Gulf Investment House KSC's Days Payable

For the Asset Management subindustry, Gulf Investment House 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 Investment House KSC's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gulf Investment House KSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Gulf Investment House KSC's Days Payable falls into.

Gulf Investment House 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 Investment House 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
=	( (0.974	+	0.877)	/	2 )	/	5.45	*	365
=	0.9255					/	5.45	*	365
=	61.98

Gulf Investment House 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
=	( (0.877	+	2.551)	/	2 )	/	1.131	*	365 / 4
=	1.714					/	1.131	*	365 / 4
=	138.29

Gulf Investment House KSC Days Payable Related Terms

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Gulf Investment House KSC (KUW:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gulf Investment House KSC (KUW:GIH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GIH:United Arab Emirates

Address

Sharq, Ahmad Al Jaber Street, P.O. Box 28808, 29th Floor, Dar Al-Awadi Tower, Safat, Kuwait City, KWT, 13149

Website

http://www.gih.com.kw

Gulf Investment House KSC (GIH) is a financial services company. It is engaged in investment activities and related financial and advisory services. The company also trades and invests in properties. The company derives most of its revenue from Investment. The operating segments of the group are Investments and Real estate. It derives a majority of revenue from the Investments segment. It earns fees and commission income from a diverse range of asset management, investment banking, custody, and brokerage services provided to the customers.

Gulf Investment House KSC (KUW:GIH) Headlines

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