National Industries Co KSC (KUW:NICBM) Days Payable: 145.33 (As of Jun. 2026) — 127% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KUW:NICBM National Industries Co KSC KUW:NICBM
47 GF Score
Price KWD0.27
GF Value KWD0.23
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is National Industries Co KSC Days Payable?

National Industries Co KSC KUW:NICBM -3.23% 47 Days Payable is 145.33 as of Jun. 2026, which is 127% above its 10-year median of 64.02. GuruFocus rates KUW:NICBM with a GF Score™ of 47/100 and a GF Value™ of KWD0.23 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,718 Construction companies, National Industries Co KSC ranks better than 68.28% on this metric.

National Industries Co KSC's average Accounts Payable for the three months ended in Jun. 2026 was KWD18.94 Mil. National Industries Co KSC's Cost of Goods Sold for the three months ended in Jun. 2026 was KWD11.89 Mil. Hence, National Industries Co KSC's Days Payable for the three months ended in Jun. 2026 was 145.33.

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

KUW:NICBM' s Days Payable Range Over the Past 10 Years
Min: 40.6   Med: 64.02   Max: 118.81
Current: 118.81

During the past 13 years, National Industries Co KSC's highest Days Payable was 118.81. The lowest was 40.60. And the median was 64.02.

KUW:NICBM's Days Payable is ranked better than
68.28% of 1718 companies
in the Construction industry
Industry Median: 76.975 vs KUW:NICBM: 118.81

National Industries Co KSC's Days Payable declined from Jun. 2025 (161.89) to Jun. 2026 (145.33). It may suggest that National Industries Co KSC accelerated paying its suppliers.


National Industries Co KSC Days Payable Historical Data

* Premium members only.

The historical data trend for National Industries 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.

National Industries Co KSC Days Payable Chart

National Industries Co KSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.87 42.37 49.80 42.85 40.60

National Industries Co KSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 161.89 143.41 85.45 86.26 145.33

KUW:NICBM vs TT, JCI, CARR: Days Payable Comparison

For the Building Products & Equipment subindustry, National Industries 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.


National Industries Co KSC Days Payable vs Construction Industry

For the Construction industry and Industrials sector, National Industries Co KSC's Days Payable distribution charts can be found below:

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


KUW:NICBM
47GF Score
National Industries Co KSC KUW:NICBM
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Industries 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.

National Industries Co KSC's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (4.224 + 5.698) / 2 ) / 44.6*365
=4.961 / 44.6*365
=40.60

National Industries Co KSC's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (18.919 + 18.962) / 2 ) / 11.892*365 / 4
=18.9405 / 11.892*365 / 4
=145.33

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 145.33 mean?
National Industries Co KSC (KUW:NICBM) has a Days Payable of 145.33 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on National Industries Co KSC and its competitors. This is 127% above median its historical median of 64.02. Over the past decade, National Industries Co KSC's Days Payable has ranged from 40.60 to 118.81. According to the industry distribution chart, National Industries Co KSC ranks #545 out of 1718 companies in the Construction industry, placing it in the top 31.7%.
Is National Industries Co KSC's Days Payable too high?
National Industries Co KSC's current Days Payable of 145.33 is 127% above median its 10-year median of 64.02. Over the past 10 years, this metric has ranged from a low of 40.60 to a high of 118.81. The Construction industry median Days Payable is 76.98. National Industries Co KSC's value of 145.33 is 88.8% above this industry median. Based on the distribution chart, National Industries Co KSC ranks #545 out of 1718 companies in the Construction industry, which is above the industry midpoint. Overall, National Industries Co KSC has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Industries Co KSC's Days Payable compare to TT and JCI?
According to the Construction industry distribution chart, National Industries Co KSC ranks #545 out of 1718 companies for Days Payable. This puts National Industries Co KSC in the upper half of its industry. The industry median Days Payable is 76.98. National Industries Co KSC's value of 145.33 is 88.8% above this benchmark. Historically, National Industries Co KSC's own Days Payable has ranged from 40.60 to 118.81 over the past decade. While the company's 10-year median is 64.02 vs. the industry median of 76.98, National Industries Co KSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Construction company?
The median Days Payable among Construction companies is 76.98, based on 1,718 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Industries Co KSC's current Days Payable of 145.33 is 88.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on National Industries Co KSC and its competitors. For the Construction industry, the median Days Payable is 76.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Industries Co KSC's current Days Payable is 145.33, which is 127% above median its own 10-year median of 64.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Industries Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Industries Co KSC (KUW:NICBM) is currently considered Modestly Overvalued. The stock's GF Value™ is KWD0.23, compared to a current price of KWD0.27 — trading 16.1% above its estimated fair value. The current Days Payable is 145.33, which is 127% above median its 10-year median of 64.02 and 88.8% above the Construction industry median of 76.98. National Industries Co KSC's overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For National Industries Co KSC (KUW:NICBM), the current Days Payable is 145.33 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Industries Co KSC (KUW:NICBM) Overvalued in 2026?

Based on GuruFocus' analysis, National Industries Co KSC stock appears to be overvalued. The current stock price of KWD0.27 is trading 16.1% above its estimated GF Value™ of KWD0.23. GuruFocus considers National Industries Co KSC to be Modestly Overvalued.

Key valuation signals for KUW:NICBM:

  • Days Payable: 145.33 (127% above median its 10-year median of 64.02)
  • GF Value™: KWD0.23 vs. price of KWD0.27 (16.1% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 88.8% above the Construction median (#545 of 1718)

No single metric tells the full story. See the KUW:NICBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Industries Co KSC Business Description

Address Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034
National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.
47GF Score

Get the complete analysis for KUW:NICBM

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KWD0.27
Price
KWD0.23
GF Value