Combined Group Contracting K C (KUW:CGC) Days Sales Outstanding : 132.39 (As of Jun. 2024)

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What is Combined Group Contracting K C Days Sales Outstanding?

Combined Group Contracting K C's average Accounts Receivable for the three months ended in Jun. 2024 was KWD56.4 Mil. Combined Group Contracting K C's Revenue for the three months ended in Jun. 2024 was KWD38.9 Mil. Hence, Combined Group Contracting K C's Days Sales Outstanding for the three months ended in Jun. 2024 was 132.39.

The historical rank and industry rank for Combined Group Contracting K C's Days Sales Outstanding or its related term are showing as below:

KUW:CGC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.33 Med: 118.78 Max: 229.71
Current: 139.2

During the past 13 years, Combined Group Contracting K C's highest Days Sales Outstanding was 229.71. The lowest was 52.33. And the median was 118.78.

KUW:CGC's Days Sales Outstanding is ranked worse than
77.6% of 1683 companies
in the Construction industry
Industry Median: 73.85 vs KUW:CGC: 139.20

Combined Group Contracting K C's Days Sales Outstanding declined from Jun. 2023 (132.61) to Jun. 2024 (132.39).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Combined Group Contracting K C Days Sales Outstanding Historical Data

The historical data trend for Combined Group Contracting K C's Days Sales Outstanding 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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Combined Group Contracting K C Days Sales Outstanding Chart

Combined Group Contracting K C Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.37

74.20

52.33

136.03

201.04

Combined Group Contracting K C Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															132.61	122.80	193.55	207.23	132.39

Competitive Comparison of Combined Group Contracting K C's Days Sales Outstanding

For the Engineering & Construction subindustry, Combined Group Contracting K C's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Combined Group Contracting K C's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Days Sales Outstanding falls into.

Combined Group Contracting K C Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Combined Group Contracting K C's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (97.388	+	93.235)	/	2 )	/	173.044	*	365
=	95.3115					/	173.044	*	365
=	201.04

Combined Group Contracting K C's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (95.865	+	17.014)	/	2 )	/	38.902	*	365 / 4
=	56.4395					/	38.902	*	365 / 4
=	132.39

Combined Group Contracting K C (KUW:CGC) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Combined Group Contracting K C Days Sales Outstanding Related Terms

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Combined Group Contracting K C Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.