Mezzan Holding Co KSC (KUW:MEZZAN) Days Payable : 51.19 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Mezzan Holding Co KSC Days Payable?

Mezzan Holding Co KSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD37.1 Mil. Mezzan Holding Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD66.2 Mil. Hence, Mezzan Holding Co KSC's Days Payable for the three months ended in Mar. 2024 was 51.19.

The historical rank and industry rank for Mezzan Holding Co KSC's Days Payable or its related term are showing as below:

KUW:MEZZAN' s Days Payable Range Over the Past 10 Years
Min: 59.01 Med: 61.17 Max: 69.64
Current: 60.05

During the past 9 years, Mezzan Holding Co KSC's highest Days Payable was 69.64. The lowest was 59.01. And the median was 61.17.

KUW:MEZZAN's Days Payable is ranked better than
64.05% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs KUW:MEZZAN: 60.05

Mezzan Holding Co KSC's Days Payable declined from Mar. 2023 (51.90) to Mar. 2024 (51.19). It may suggest that Mezzan Holding Co KSC accelerated paying its suppliers.

Mezzan Holding Co KSC Days Payable Historical Data

The historical data trend for Mezzan Holding Co KSC'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.

Mezzan Holding Co KSC Days Payable Chart

Mezzan Holding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

61.17

59.01

61.41

61.49

60.29

Mezzan Holding Co KSC 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															51.90	66.03	57.38	63.45	51.19

Competitive Comparison of Mezzan Holding Co KSC's Days Payable

For the Packaged Foods subindustry, Mezzan Holding Co KSC'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.

Mezzan Holding Co KSC's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mezzan Holding Co KSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Mezzan Holding Co KSC's Days Payable falls into.

Mezzan Holding Co KSC 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.

Mezzan Holding Co KSC'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
=	( (33.62	+	35.64)	/	2 )	/	209.645	*	365
=	34.63					/	209.645	*	365
=	60.29

Mezzan Holding Co KSC'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
=	( (35.64	+	38.623)	/	2 )	/	66.185	*	365 / 4
=	37.1315					/	66.185	*	365 / 4
=	51.19

Mezzan Holding Co KSC Days Payable Related Terms

Thank you for viewing the detailed overview of Mezzan Holding Co KSC's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mezzan Holding Co KSC (KUW:MEZZAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mezzan Holding Co KSC (KUW:MEZZAN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shuwaikh Industrial Area 3, Block 1A, Jassim Al Wazzan Sons Building, P.O Box: 124, Safat, KWT, 13002

Website

https://www.mezzan.com

Mezzan Holding Co KSC is engaged in the manufacturing, sale, and distribution of food and non-food products. It manufactures and distributes chips, snacks, meats, bottled water, and canned foods and is also involved in the catering business, providing meals to corporations, hotels, airlines, industrial sites, and government ministries. It operates in five segments namely: Food; Catering; Services; Fast Moving Consumer Goods, Healthcare Industrial; and Industrial. The firm derives most of its revenue from the Food segment. The company's geographical segments include Kuwait, Saudi Arabia, United Arab Emirates, Qatar, Jordan, Afghanistan, and Iraq.

Mezzan Holding Co KSC (KUW:MEZZAN) Headlines

No Headlines