JTC Logistics Transportation & Stevedoring Co KSCC (KUW:JTC) Days Payable : 88.52 (As of Dec. 2024)

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What is JTC Logistics Transportation & Stevedoring Co KSCC Days Payable?

JTC Logistics Transportation & Stevedoring Co KSCC's average Accounts Payable for the three months ended in Dec. 2024 was KWD4.88 Mil. JTC Logistics Transportation & Stevedoring Co KSCC's Cost of Goods Sold for the three months ended in Dec. 2024 was KWD5.04 Mil. Hence, JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable for the three months ended in Dec. 2024 was 88.52.

The historical rank and industry rank for JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable or its related term are showing as below:

KUW:JTC' s Days Payable Range Over the Past 10 Years
Min: 28.84 Med: 38.66 Max: 79.52
Current: 79.52

During the past 6 years, JTC Logistics Transportation & Stevedoring Co KSCC's highest Days Payable was 79.52. The lowest was 28.84. And the median was 38.66.

KUW:JTC's Days Payable is ranked better than
77.42% of 952 companies
in the Transportation industry
Industry Median: 35.89 vs KUW:JTC: 79.52

JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable increased from Dec. 2023 (75.20) to Dec. 2024 (88.52). It may suggest that JTC Logistics Transportation & Stevedoring Co KSCC delayed paying its suppliers.

JTC Logistics Transportation & Stevedoring Co KSCC Days Payable Historical Data

The historical data trend for JTC Logistics Transportation & Stevedoring 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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JTC Logistics Transportation & Stevedoring Co KSCC Days Payable Chart

JTC Logistics Transportation & Stevedoring Co KSCC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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59.55

31.22

28.84

38.66

43.67

JTC Logistics Transportation & Stevedoring Co KSCC Quarterly Data
	Dec19	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													75.20	67.30	87.05	109.19	88.52

Competitive Comparison of JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable

For the Trucking subindustry, JTC Logistics Transportation & Stevedoring 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.

JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where JTC Logistics Transportation & Stevedoring Co KSCC's Days Payable falls into.

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JTC Logistics Transportation & Stevedoring 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.

JTC Logistics Transportation & Stevedoring 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
=	( (2.228	+	2.404)	/	2 )	/	19.358	*	365
=	2.316					/	19.358	*	365
=	43.67

JTC Logistics Transportation & Stevedoring 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
=	( (7.365	+	2.404)	/	2 )	/	5.035	*	365 / 4
=	4.8845					/	5.035	*	365 / 4
=	88.52

JTC Logistics Transportation & Stevedoring Co KSCC Days Payable Related Terms

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JTC Logistics Transportation & Stevedoring Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JTC Logistics Transportation & Stevedoring Co KSCC (KUW:JTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 22801, Safat, KWT, 13089

Website

https://www.jtckw.com

JTC Logistics Transportation & Stevedoring Co KSCC is an inland transportation company. It provides services for Ports Management, Contract Logistics, Warehousing, Equipment Leasing, and Power Rental.

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