Kuwait Resorts Co KSCC (Muntazahat) (KUW:MUNTAZAHAT) Days Payable : 7.96 (As of Mar. 2024)

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What is Kuwait Resorts Co KSCC (Muntazahat) Days Payable?

Kuwait Resorts Co KSCC (Muntazahat)'s average Accounts Payable for the three months ended in Mar. 2024 was KWD0.10 Mil. Kuwait Resorts Co KSCC (Muntazahat)'s Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.15 Mil. Hence, Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable for the three months ended in Mar. 2024 was 7.96.

The historical rank and industry rank for Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable or its related term are showing as below:

KUW:MUNTAZAHAT' s Days Payable Range Over the Past 10 Years
Min: 7.39 Med: 11.14 Max: 31.95
Current: 7.39

During the past 13 years, Kuwait Resorts Co KSCC (Muntazahat)'s highest Days Payable was 31.95. The lowest was 7.39. And the median was 11.14.

KUW:MUNTAZAHAT's Days Payable is ranked worse than
94.71% of 756 companies
in the Travel & Leisure industry
Industry Median: 57.71 vs KUW:MUNTAZAHAT: 7.39

Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable declined from Mar. 2023 (11.04) to Mar. 2024 (7.96). It may suggest that Kuwait Resorts Co KSCC (Muntazahat) accelerated paying its suppliers.

Kuwait Resorts Co KSCC (Muntazahat) Days Payable Historical Data

The historical data trend for Kuwait Resorts Co KSCC (Muntazahat)'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 Resorts Co KSCC (Muntazahat) Days Payable Chart

Kuwait Resorts Co KSCC (Muntazahat) Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.14

20.00

10.44

11.10

11.18

Kuwait Resorts Co KSCC (Muntazahat) 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															11.04	7.00	7.82	7.92	7.96

Competitive Comparison of Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable

For the Resorts & Casinos subindustry, Kuwait Resorts Co KSCC (Muntazahat)'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 Resorts Co KSCC (Muntazahat)'s Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Kuwait Resorts Co KSCC (Muntazahat)'s Days Payable falls into.

Kuwait Resorts Co KSCC (Muntazahat) 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 Resorts Co KSCC (Muntazahat)'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
=	( (0.188	+	0.115)	/	2 )	/	4.944	*	365
=	0.1515					/	4.944	*	365
=	11.18

Kuwait Resorts Co KSCC (Muntazahat)'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
=	( (0.115	+	0.085)	/	2 )	/	1.146	*	365 / 4
=	0.1					/	1.146	*	365 / 4
=	7.96

Kuwait Resorts Co KSCC (Muntazahat) Days Payable Related Terms

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Kuwait Resorts Co KSCC (Muntazahat) (KUW:MUNTAZAHAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kuwait Resorts Co KSCC (Muntazahat) (KUW:MUNTAZAHAT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jaber Al-Mobarak Street, Sheroq Touwer, 5th Floor, P.O. Box 5601, Sharq, Kuwait City, KWT, 13057

Website

https://www.muntazahat.com.kw

Kuwait Resorts Co KSCC (Muntazahat) is engaged in managing, investing, owning selling, and acquiring real estate lands and developing them into hotels, motels, clubs, resorts, parks, exhibitions, restaurants, commercial complexes, and sports clubs. Its activities include the creation and management, operation, investment, and renting of hotels, health clubs, motels and guest houses, rest houses, parks, gardens, galleries, restaurants and cafeterias and residential complexes, resorts and tourist facilities, and health projects, recreational and sports shops at various grades and levels, including all services, assistance, and facilities thereto and other necessary services.

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