IFA Hotels & Resorts Co KSCC (KUW:IFAHR) Days Payable : 175.79 (As of Dec. 2024)

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What is IFA Hotels & Resorts Co KSCC Days Payable?

IFA Hotels & Resorts Co KSCC's average Accounts Payable for the three months ended in Dec. 2024 was KWD7.77 Mil. IFA Hotels & Resorts Co KSCC's Cost of Goods Sold for the three months ended in Dec. 2024 was KWD4.03 Mil. Hence, IFA Hotels & Resorts Co KSCC's Days Payable for the three months ended in Dec. 2024 was 175.79.

The historical rank and industry rank for IFA Hotels & Resorts Co KSCC's Days Payable or its related term are showing as below:

KUW:IFAHR' s Days Payable Range Over the Past 10 Years
Min: 128.85 Med: 285.15 Max: 628.29
Current: 183.01

During the past 13 years, IFA Hotels & Resorts Co KSCC's highest Days Payable was 628.29. The lowest was 128.85. And the median was 285.15.

KUW:IFAHR's Days Payable is ranked better than
81.77% of 757 companies
in the Travel & Leisure industry
Industry Median: 57.1 vs KUW:IFAHR: 183.01

IFA Hotels & Resorts Co KSCC's Days Payable declined from Dec. 2023 (491.34) to Dec. 2024 (175.79). It may suggest that IFA Hotels & Resorts Co KSCC accelerated paying its suppliers.

IFA Hotels & Resorts Co KSCC Days Payable Historical Data

The historical data trend for IFA Hotels & Resorts Co KSCC'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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IFA Hotels & Resorts Co KSCC Days Payable Chart

IFA Hotels & Resorts Co KSCC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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628.29

318.72

302.20

268.09

199.66

IFA Hotels & Resorts Co KSCC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															491.34	195.58	167.94	175.40	175.79

Competitive Comparison of IFA Hotels & Resorts Co KSCC's Days Payable

For the Resorts & Casinos subindustry, IFA Hotels & Resorts Co KSCC'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.

IFA Hotels & Resorts Co KSCC's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, IFA Hotels & Resorts Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where IFA Hotels & Resorts Co KSCC's Days Payable falls into.

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IFA Hotels & Resorts Co KSCC 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.

IFA Hotels & Resorts Co KSCC's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (9.876	+	8.209)	/	2 )	/	16.531	*	365
=	9.0425					/	16.531	*	365
=	199.66

IFA Hotels & Resorts Co KSCC's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (7.33	+	8.209)	/	2 )	/	4.033	*	365 / 4
=	7.7695					/	4.033	*	365 / 4
=	175.79

IFA Hotels & Resorts Co KSCC Days Payable Related Terms

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IFA Hotels & Resorts Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » IFA Hotels & Resorts Co KSCC (KUW:IFAHR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Souk Al-Kuwait Building, Block A, P.O. Box 4694, 8th Floor, Al Abdul Razzak Square, Safat, Kuwait City, KWT, 13047

Website

https://www.ifahotelsresorts.com

IFA Hotels & Resorts Co KSCC is engaged in the development and operations of mixed-use hotel and tourism resort projects and luxury leisure services. In addition, it invests in the land; and engages in property development activities. The company operates in four reportable segments namely property development, hospitality, investments, and others. The majority of the revenue is generated from the hospitality segment. Its geographical segments include Kuwait, the United Arab Emirates & Asia, Africa, and others, of which the majority of revenue comes from the United Arab Emirates & Asia.

IFA Hotels & Resorts Co KSCC Headlines

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