Kuwait Real Estate Co (KUW:KRE) Days Payable : 367.35 (As of Mar. 2024)

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What is Kuwait Real Estate Co Days Payable?

Kuwait Real Estate Co's average Accounts Payable for the three months ended in Mar. 2024 was KWD12.03 Mil. Kuwait Real Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD2.99 Mil. Hence, Kuwait Real Estate Co's Days Payable for the three months ended in Mar. 2024 was 367.35.

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

KUW:KRE' s Days Payable Range Over the Past 10 Years
Min: 192.74 Med: 404.11 Max: 751.91
Current: 751.91

During the past 13 years, Kuwait Real Estate Co's highest Days Payable was 751.91. The lowest was 192.74. And the median was 404.11.

KUW:KRE's Days Payable is ranked better than
90.88% of 1579 companies
in the Real Estate industry
Industry Median: 99.69 vs KUW:KRE: 751.91

Kuwait Real Estate Co's Days Payable declined from Mar. 2023 (823.54) to Mar. 2024 (367.35). It may suggest that Kuwait Real Estate Co accelerated paying its suppliers.

Kuwait Real Estate Co Days Payable Historical Data

The historical data trend for Kuwait Real Estate Co'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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Kuwait Real Estate Co Days Payable Chart

Kuwait Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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593.11

712.07

539.23

229.42

213.45

Kuwait Real Estate Co 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															823.54	1,023.26	1,165.80	516.04	367.35

Competitive Comparison of Kuwait Real Estate Co's Days Payable

For the Real Estate Services subindustry, Kuwait Real Estate Co'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 Real Estate Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kuwait Real Estate Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kuwait Real Estate Co's Days Payable falls into.

Kuwait Real Estate Co 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 Real Estate Co'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
=	( (5.02	+	3.249)	/	2 )	/	7.07	*	365
=	4.1345					/	7.07	*	365
=	213.45

Kuwait Real Estate Co'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
=	( (3.249	+	20.801)	/	2 )	/	2.987	*	365 / 4
=	12.025					/	2.987	*	365 / 4
=	367.35

Kuwait Real Estate Co Days Payable Related Terms

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Kuwait Real Estate Co (KUW:KRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kuwait Real Estate Co (KUW:KRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Darwazat Abdul Razak Street, P.O Box 1257, 8th Floor, Block B, Souk Al Kuwait Building, Safat, Kuwait City, KWT, 13013

Website

https://www.aqarat.com.kw

Kuwait Real Estate Co is a Kuwait-based shareholding company that operates in the real estate sector. It is engaged in dealing with a range of real estate activities, including the sale, purchase, renting out, and leasing of lands and real estate properties, erecting buildings, prepare and implementing studies of private and public real estate projects. It has two operating segments, including real estate and investment. The real estate segment contributes to the majority of the revenue. Its geographical segments are Kuwait; Other Middle Eastern Countries; the United States, Europe, and other countries.