Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Days Payable : 67.30 (As of Mar. 2024)

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What is Jassim Transport & Stevedoring Co KSCC Days Payable?

Jassim Transport & Stevedoring Co KSCC's average Accounts Payable for the three months ended in Mar. 2024 was KWD3.36 Mil. Jassim Transport & Stevedoring Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD4.56 Mil. Hence, Jassim Transport & Stevedoring Co KSCC's Days Payable for the three months ended in Mar. 2024 was 67.30.

The historical rank and industry rank for Jassim Transport & 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: 34.81 Max: 91.98
Current: 91.98

During the past 5 years, Jassim Transport & Stevedoring Co KSCC's highest Days Payable was 91.98. The lowest was 28.84. And the median was 34.81.

KUW:JTC's Days Payable is ranked better than
80.34% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs KUW:JTC: 91.98

Jassim Transport & Stevedoring Co KSCC's Days Payable declined from Mar. 2023 (71.47) to Mar. 2024 (67.30). It may suggest that Jassim Transport & Stevedoring Co KSCC accelerated paying its suppliers.

Jassim Transport & Stevedoring Co KSCC Days Payable Historical Data

The historical data trend for Jassim Transport & 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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Jassim Transport & Stevedoring Co KSCC Days Payable Chart

Jassim Transport & Stevedoring Co KSCC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

59.55

31.22

28.84

38.40

Jassim Transport & Stevedoring Co KSCC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									71.47	112.13	105.09	74.66	67.30

Competitive Comparison of Jassim Transport & Stevedoring Co KSCC's Days Payable

For the Trucking subindustry, Jassim Transport & 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.

Jassim Transport & Stevedoring Co KSCC's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Jassim Transport & Stevedoring Co KSCC's Days Payable falls into.

Jassim Transport & 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.

Jassim Transport & Stevedoring Co KSCC'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
=	( (1.858	+	2.228)	/	2 )	/	19.419	*	365
=	2.043					/	19.419	*	365
=	38.40

Jassim Transport & Stevedoring Co KSCC'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
=	( (2.228	+	4.497)	/	2 )	/	4.559	*	365 / 4
=	3.3625					/	4.559	*	365 / 4
=	67.30

Jassim Transport & Stevedoring Co KSCC Days Payable Related Terms

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Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saleh Sulaiman Al Jarah Real Estate Complex, Office 2, 5th floor, P.O. Box 22801, Mirqab, Area No 1, Building No 8, Safat, KWT, 13089

Website

https://www.jtckw.com

Jassim Transport & Stevedoring Co KSCC is a inland transportation company. It provides professional, high-quality and cost-effective solutions through four customer-focused operating divisions such as port management, contract logistics, equipment leasing and power rental. The majority of the revenue is earned in Kuwait.

Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Headlines

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