Kuwait Portland Cement Co (KUW:PCEM) Days Payable : 27.41 (As of Mar. 2024)

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What is Kuwait Portland Cement Co Days Payable?

Kuwait Portland Cement Co's average Accounts Payable for the three months ended in Mar. 2024 was KWD9.6 Mil. Kuwait Portland Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD32.0 Mil. Hence, Kuwait Portland Cement Co's Days Payable for the three months ended in Mar. 2024 was 27.41.

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

KUW:PCEM' s Days Payable Range Over the Past 10 Years
Min: 2.02 Med: 30.77 Max: 64.3
Current: 31.16

During the past 13 years, Kuwait Portland Cement Co's highest Days Payable was 64.30. The lowest was 2.02. And the median was 30.77.

KUW:PCEM's Days Payable is ranked worse than
84.76% of 374 companies
in the Building Materials industry
Industry Median: 66.055 vs KUW:PCEM: 31.16

Kuwait Portland Cement Co's Days Payable declined from Mar. 2023 (29.01) to Mar. 2024 (27.41). It may suggest that Kuwait Portland Cement Co accelerated paying its suppliers.

Kuwait Portland Cement Co Days Payable Historical Data

The historical data trend for Kuwait Portland Cement 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 Portland Cement Co Days Payable Chart

Kuwait Portland Cement Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.36

58.02

24.66

27.44

34.09

Kuwait Portland Cement 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															29.01	36.64	38.81	31.31	27.41

Competitive Comparison of Kuwait Portland Cement Co's Days Payable

For the Building Materials subindustry, Kuwait Portland Cement 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 Portland Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuwait Portland Cement Co's Days Payable distribution charts can be found below:

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

Kuwait Portland Cement 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 Portland Cement 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
=	( (12.357	+	13.77)	/	2 )	/	139.864	*	365
=	13.0635					/	139.864	*	365
=	34.09

Kuwait Portland Cement 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
=	( (13.77	+	5.431)	/	2 )	/	31.963	*	365 / 4
=	9.6005					/	31.963	*	365 / 4
=	27.41

Kuwait Portland Cement Co Days Payable Related Terms

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Kuwait Portland Cement Co (KUW:PCEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kuwait Portland Cement Co (KUW:PCEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Canada Dry Street, Al Showaikh, In front of Kotmac furniture showroom, Section number (101 c), Kuwait City, KWT, 70652

Website

https://www.portlandkw.co

Kuwait Portland Cement Co is a Kuwait-based company. The products of the company include cement and ready-mix concrete. The company is engaged in trading by import and export of different kinds of bulk cement and packaging it. It also works in establishing, operating, managing, renting to other parties and renting warehouses and silos for the supply and distribution of cement of different kinds, and appropriating the necessary transportation.

Kuwait Portland Cement Co (KUW:PCEM) Headlines

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