Kuwait Foundry CoK (KUW:KFOUC) Days Payable : 2.07 (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Kuwait Foundry CoK Days Payable?

Kuwait Foundry CoK's average Accounts Payable for the three months ended in Mar. 2024 was KWD0.00 Mil. Kuwait Foundry CoK's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.11 Mil. Hence, Kuwait Foundry CoK's Days Payable for the three months ended in Mar. 2024 was 2.07.

The historical rank and industry rank for Kuwait Foundry CoK's Days Payable or its related term are showing as below:

KUW:KFOUC' s Days Payable Range Over the Past 10 Years
Min: 3.05 Med: 10.54 Max: 15.99
Current: 3.05

During the past 13 years, Kuwait Foundry CoK's highest Days Payable was 15.99. The lowest was 3.05. And the median was 10.54.

KUW:KFOUC's Days Payable is ranked worse than
99.52% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs KUW:KFOUC: 3.05

Kuwait Foundry CoK's Days Payable declined from Mar. 2023 (6.15) to Mar. 2024 (2.07). It may suggest that Kuwait Foundry CoK accelerated paying its suppliers.

Kuwait Foundry CoK Days Payable Historical Data

The historical data trend for Kuwait Foundry CoK'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.

Kuwait Foundry CoK Days Payable Chart

Kuwait Foundry CoK Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.44

11.37

10.63

6.85

4.01

Kuwait Foundry CoK 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															6.15	4.01	3.09	2.85	2.07

Competitive Comparison of Kuwait Foundry CoK's Days Payable

For the Metal Fabrication subindustry, Kuwait Foundry CoK'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.

Kuwait Foundry CoK's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kuwait Foundry CoK's Days Payable distribution charts can be found below:

* The bar in red indicates where Kuwait Foundry CoK's Days Payable falls into.

Kuwait Foundry CoK 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.

Kuwait Foundry CoK'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
=	( (0.007	+	0.002)	/	2 )	/	0.41	*	365
=	0.0045					/	0.41	*	365
=	4.01

Kuwait Foundry CoK'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
=	( (0.002	+	0.003)	/	2 )	/	0.11	*	365 / 4
=	0.0025					/	0.11	*	365 / 4
=	2.07

Kuwait Foundry CoK Days Payable Related Terms

Thank you for viewing the detailed overview of Kuwait Foundry CoK's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kuwait Foundry CoK (KUW:KFOUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kuwait Foundry Co SAK (KUW:KFOUC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

AL Rai, Street No. 10, P.O. Box 1393, Plot No. 1880, Safat, Kuwait, KWT, 13014

Website

https://www.kwfoundry.com

Kuwait Foundry Co SAK is a Kuwait based company involved in the manufacturing of cast raw iron and other materials. Its business activities include the production of sanitary tools, sewage systems, casting joints for asbestos pipes, water valves, and electric fuse boxes among other products.

Kuwait Foundry CoK (KUW:KFOUC) Headlines

No Headlines