Kuwait Hotels Co (KUW:KHOT) Days Payable : 84.10 (As of Dec. 2023)

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What is Kuwait Hotels Co Days Payable?

Kuwait Hotels Co's average Accounts Payable for the three months ended in Dec. 2023 was KWD1.05 Mil. Kuwait Hotels Co's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD1.14 Mil. Hence, Kuwait Hotels Co's Days Payable for the three months ended in Dec. 2023 was 84.10.

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

KUW:KHOT' s Days Payable Range Over the Past 10 Years
Min: 15.14 Med: 43.45 Max: 100.18
Current: 100.18

During the past 13 years, Kuwait Hotels Co's highest Days Payable was 100.18. The lowest was 15.14. And the median was 43.45.

KUW:KHOT's Days Payable is ranked better than
65.55% of 749 companies
in the Travel & Leisure industry
Industry Median: 59.49 vs KUW:KHOT: 100.18

Kuwait Hotels Co's Days Payable declined from Dec. 2022 (99.06) to Dec. 2023 (84.10). It may suggest that Kuwait Hotels Co accelerated paying its suppliers.

Kuwait Hotels Co Days Payable Historical Data

The historical data trend for Kuwait Hotels Co'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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Kuwait Hotels Co Days Payable Chart

Kuwait Hotels Co Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.49

38.07

22.88

17.06

15.14

Kuwait Hotels Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															99.06	88.95	146.09	174.98	84.10

Competitive Comparison of Kuwait Hotels Co's Days Payable

For the Lodging subindustry, Kuwait Hotels Co'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.

Kuwait Hotels Co's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kuwait Hotels Co's Days Payable distribution charts can be found below:

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

Kuwait Hotels Co 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.

Kuwait Hotels Co'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
=	( (0.184	+	0.125)	/	2 )	/	3.725	*	365
=	0.1545					/	3.725	*	365
=	15.14

Kuwait Hotels Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.982	+	0.125)	/	2 )	/	1.143	*	365 / 4
=	1.0535					/	1.143	*	365 / 4
=	84.10

Kuwait Hotels Co Days Payable Related Terms

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Kuwait Hotels Co (KUW:KHOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kuwait Hotels Co (KUW:KHOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Safat, P. O. Box 833, Kuwait City, KWT, 13009

Website

http://www.khc.com.kw

Kuwait Hotels Co along with its subsidiaries is engaged in owning, operating and managing the hotel, commercial and residential properties. It also provides catering services, importing of durables, machinery and equipment, and investment activities. The company has three operating segments: Hotel management; Catering and manpower supply services and Information technology services.

Kuwait Hotels Co (KUW:KHOT) Headlines

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