Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Days Payable : 44.03 (As of Mar. 2024)

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What is Boursa Kuwait Securities Co KPSC Days Payable?

Boursa Kuwait Securities Co KPSC's average Accounts Payable for the three months ended in Mar. 2024 was KWD0.69 Mil. Boursa Kuwait Securities Co KPSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.43 Mil. Hence, Boursa Kuwait Securities Co KPSC's Days Payable for the three months ended in Mar. 2024 was 44.03.

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

KUW:BOURSA' s Days Payable Range Over the Past 10 Years
Min: 27.94 Med: 52.47 Max: 142.6
Current: 27.94

During the past 6 years, Boursa Kuwait Securities Co KPSC's highest Days Payable was 142.60. The lowest was 27.94. And the median was 52.47.

KUW:BOURSA's Days Payable is ranked worse than
71.97% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs KUW:BOURSA: 27.94

Boursa Kuwait Securities Co KPSC's Days Payable increased from Mar. 2023 (39.76) to Mar. 2024 (44.03). It may suggest that Boursa Kuwait Securities Co KPSC delayed paying its suppliers.

Boursa Kuwait Securities Co KPSC Days Payable Historical Data

The historical data trend for Boursa Kuwait Securities Co KPSC'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.

* Premium members only.

Boursa Kuwait Securities Co KPSC Days Payable Chart

Boursa Kuwait Securities Co KPSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

83.23

54.70

50.23

44.54

35.27

Boursa Kuwait Securities Co KPSC 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															39.76	29.99	33.22	17.04	44.03

Competitive Comparison of Boursa Kuwait Securities Co KPSC's Days Payable

For the Financial Data & Stock Exchanges subindustry, Boursa Kuwait Securities Co KPSC'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.

Boursa Kuwait Securities Co KPSC's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Boursa Kuwait Securities Co KPSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Boursa Kuwait Securities Co KPSC's Days Payable falls into.

Boursa Kuwait Securities Co KPSC 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.

Boursa Kuwait Securities Co KPSC'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
=	( (0.818	+	0.657)	/	2 )	/	7.633	*	365
=	0.7375					/	7.633	*	365
=	35.27

Boursa Kuwait Securities Co KPSC'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
=	( (0.657	+	0.719)	/	2 )	/	1.426	*	365 / 4
=	0.688					/	1.426	*	365 / 4
=	44.03

Boursa Kuwait Securities Co KPSC Days Payable Related Terms

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Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Boursa Kuwait Securities Co KPSC (KUW:BOURSA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dasman, P.O.Box 1027, Kuwait City, KWT, 15461

Website

https://www.boursakuwait.com.kw

Boursa Kuwait Securities Co KPSC operates as a financial exchange and clearing house in Kuwait. The company also provides securities-related services to participants in the financial sector. Its segment includes securities exchange and clearing, out of which the majority is from the securities exchange.

Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Headlines

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