Kuwait National Cinema Co (KUW:KCIN) Days Sales Outstanding : 23.69 (As of Mar. 2024)

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What is Kuwait National Cinema Co Days Sales Outstanding?

Kuwait National Cinema Co's average Accounts Receivable for the three months ended in Mar. 2024 was KWD1.89 Mil. Kuwait National Cinema Co's Revenue for the three months ended in Mar. 2024 was KWD7.27 Mil. Hence, Kuwait National Cinema Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 23.69.

The historical rank and industry rank for Kuwait National Cinema Co's Days Sales Outstanding or its related term are showing as below:

KUW:KCIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.81 Med: 15.32 Max: 59.66
Current: 13.64

During the past 13 years, Kuwait National Cinema Co's highest Days Sales Outstanding was 59.66. The lowest was 7.81. And the median was 15.32.

KUW:KCIN's Days Sales Outstanding is ranked better than
95.3% of 1022 companies
in the Media - Diversified industry
Industry Median: 67.305 vs KUW:KCIN: 13.64

Kuwait National Cinema Co's Days Sales Outstanding increased from Mar. 2023 (10.97) to Mar. 2024 (23.69).

Kuwait National Cinema Co Days Sales Outstanding Historical Data

The historical data trend for Kuwait National Cinema Co'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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Kuwait National Cinema Co Days Sales Outstanding Chart

Kuwait National Cinema Co Annual Data

Trend

Dec14

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Dec22

Dec23

Days Sales Outstanding

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14.43

59.66

24.06

10.25

7.81

Kuwait National Cinema Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															10.97	9.47	6.32	8.83	23.69

Competitive Comparison of Kuwait National Cinema Co's Days Sales Outstanding

For the Entertainment subindustry, Kuwait National Cinema Co'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.

Kuwait National Cinema Co's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuwait National Cinema Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Kuwait National Cinema Co's Days Sales Outstanding falls into.

Kuwait National Cinema Co 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.

Kuwait National Cinema Co'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
=	( (0.491	+	0.78)	/	2 )	/	29.7	*	365
=	0.6355					/	29.7	*	365
=	7.81

Kuwait National Cinema Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.78	+	2.993)	/	2 )	/	7.267	*	365 / 4
=	1.8865					/	7.267	*	365 / 4
=	23.69

Kuwait National Cinema Co (KUW:KCIN) Days Sales Outstanding Explanation

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

Kuwait National Cinema Co Days Sales Outstanding Related Terms

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Kuwait National Cinema Co (KUW:KCIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuwait National Cinema Co (KUW:KCIN) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, Sama Khaitan Mall, Plot 9, Building 164, 2nd Floor (Office 1 & 2), P.O. Box 502, Old Khaitan Area, Safat, Kuwait, KWT, 13006

Website

https://www.cinescape.com.kw

Kuwait National Cinema Company KPSC is a Kuwait-based company operates in the entertainment industry. It focuses on the activities related to the cinema industry, entertainment, and cultural events. The segment in which the company operates includes Cinema division, Concession division, and Investments division. Cinema segment covers activities related to cinema shows; the Concession segment covers activities related to concessions supplemented to theaters, and the Investment segment represents investments in shares and funds, in addition to investment properties. It generates maximum revenue from the Cinema Division segment.

Kuwait National Cinema Co (KUW:KCIN) Headlines

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