Kuwait Real Estate Co (KUW:KRE) Days Sales Outstanding : 102.65 (As of Jun. 2024)

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What is Kuwait Real Estate Co Days Sales Outstanding?

Kuwait Real Estate Co's average Accounts Receivable for the three months ended in Jun. 2024 was KWD8.62 Mil. Kuwait Real Estate Co's Revenue for the three months ended in Jun. 2024 was KWD7.66 Mil. Hence, Kuwait Real Estate Co's Days Sales Outstanding for the three months ended in Jun. 2024 was 102.65.

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

KUW:KRE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 70.85 Med: 97.34 Max: 208.35
Current: 208.35

During the past 13 years, Kuwait Real Estate Co's highest Days Sales Outstanding was 208.35. The lowest was 70.85. And the median was 97.34.

KUW:KRE's Days Sales Outstanding is ranked worse than
88.67% of 1677 companies
in the Real Estate industry
Industry Median: 36.63 vs KUW:KRE: 208.35

Kuwait Real Estate Co's Days Sales Outstanding declined from Jun. 2023 (187.89) to Jun. 2024 (102.65).

Warning Sign:

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

Kuwait Real Estate Co Days Sales Outstanding Historical Data

The historical data trend for Kuwait Real Estate 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 Real Estate Co Days Sales Outstanding Chart

Kuwait Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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70.85

115.59

115.08

105.27

193.03

Kuwait Real Estate Co 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															187.89	328.18	287.48	167.77	102.65

Competitive Comparison of Kuwait Real Estate Co's Days Sales Outstanding

For the Real Estate Services subindustry, Kuwait Real Estate 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 Real Estate Co's Days Sales Outstanding Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kuwait Real Estate Co's Days Sales Outstanding distribution charts can be found below:

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

Kuwait Real Estate 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 Real Estate 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
=	( (9.033	+	21.271)	/	2 )	/	28.651	*	365
=	15.152					/	28.651	*	365
=	193.03

Kuwait Real Estate Co'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
=	( (8.995	+	8.245)	/	2 )	/	7.663	*	365 / 4
=	8.62					/	7.663	*	365 / 4
=	102.65

Kuwait Real Estate Co (KUW:KRE) 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 Real Estate Co Days Sales Outstanding Related Terms

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Kuwait Real Estate Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kuwait Real Estate Co (KUW:KRE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Darwazat Abdul Razak Street, P.O Box 1257, 8th Floor, Block B, Souk Al Kuwait Building, Safat, Kuwait City, KWT, 13013

Website

https://www.aqarat.com.kw

Kuwait Real Estate Co is a Kuwait-based shareholding company that operates in the real estate sector. It is engaged in dealing with a range of real estate activities, including the sale, purchase, renting out, and leasing of lands and real estate properties, erecting buildings, prepare and implementing studies of private and public real estate projects. It has two operating segments, including real estate and investment. The real estate segment contributes to the majority of the revenue. Its geographical segments are Kuwait; Other Middle Eastern Countries; the United States, Europe, and other countries.