Arkan Al-Kuwait Real Estate Co KSCC (KUW:ARKAN) Days Payable : 270.57 (As of Jan. 2024)

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What is Arkan Al-Kuwait Real Estate Co KSCC Days Payable?

Arkan Al-Kuwait Real Estate Co KSCC's average Accounts Payable for the three months ended in Jan. 2024 was KWD3.41 Mil. Arkan Al-Kuwait Real Estate Co KSCC's Cost of Goods Sold for the three months ended in Jan. 2024 was KWD1.15 Mil. Hence, Arkan Al-Kuwait Real Estate Co KSCC's Days Payable for the three months ended in Jan. 2024 was 270.57.

The historical rank and industry rank for Arkan Al-Kuwait Real Estate Co KSCC's Days Payable or its related term are showing as below:

KUW:ARKAN' s Days Payable Range Over the Past 10 Years
Min: 161.78 Med: 546.74 Max: 687.6
Current: 399.25

During the past 13 years, Arkan Al-Kuwait Real Estate Co KSCC's highest Days Payable was 687.60. The lowest was 161.78. And the median was 546.74.

KUW:ARKAN's Days Payable is ranked better than
84.17% of 1579 companies
in the Real Estate industry
Industry Median: 98.32 vs KUW:ARKAN: 399.25

Arkan Al-Kuwait Real Estate Co KSCC's Days Payable declined from Jan. 2023 (1,228.93) to Jan. 2024 (270.57). It may suggest that Arkan Al-Kuwait Real Estate Co KSCC accelerated paying its suppliers.

Arkan Al-Kuwait Real Estate Co KSCC Days Payable Historical Data

The historical data trend for Arkan Al-Kuwait Real Estate Co KSCC'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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Arkan Al-Kuwait Real Estate Co KSCC Days Payable Chart

Arkan Al-Kuwait Real Estate Co KSCC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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604.92

687.60

488.55

161.78

Arkan Al-Kuwait Real Estate Co KSCC Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															1,228.93	562.62	451.83	277.42	270.57

Competitive Comparison of Arkan Al-Kuwait Real Estate Co KSCC's Days Payable

For the Real Estate Services subindustry, Arkan Al-Kuwait Real Estate Co KSCC'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.

Arkan Al-Kuwait Real Estate Co KSCC's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Arkan Al-Kuwait Real Estate Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where Arkan Al-Kuwait Real Estate Co KSCC's Days Payable falls into.

Arkan Al-Kuwait Real Estate Co KSCC 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.

Arkan Al-Kuwait Real Estate Co KSCC's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0.949	+	1.878)	/	2 )	/	3.189	*	365
=	1.4135					/	3.189	*	365
=	161.78

Arkan Al-Kuwait Real Estate Co KSCC's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (1.878	+	4.936)	/	2 )	/	1.149	*	365 / 4
=	3.407					/	1.149	*	365 / 4
=	270.57

Arkan Al-Kuwait Real Estate Co KSCC Days Payable Related Terms

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Arkan Al-Kuwait Real Estate Co KSCC (KUW:ARKAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arkan Al-Kuwait Real Estate Co KSCC (KUW:ARKAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Alshuhadaa Street, P.O. Box 20678, Al Hamra Tower, 66th Floor, Sharq, Safat, Kuwait City, KWT, 13067

Website

https://www.arkanalkuwait.com

Arkan Al-Kuwait Real Estate Co KSCC is a real estate company that offers direct real estate investment and property management services. It is involved in the construction of Commercial and Residential projects. The firm offers consulting services, specialized investment studies, research, and feasibility reports. The company generates the majority of revenue from Rent.

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