Al Eid Food Co (KUW:ALEID) Days Sales Outstanding : 172.10 (As of Dec. 2023)

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What is Al Eid Food Co Days Sales Outstanding?

Al Eid Food Co's average Accounts Receivable for the three months ended in Dec. 2023 was KWD17.36 Mil. Al Eid Food Co's Revenue for the three months ended in Dec. 2023 was KWD9.21 Mil. Hence, Al Eid Food Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 172.10.

The historical rank and industry rank for Al Eid Food Co's Days Sales Outstanding or its related term are showing as below:

KUW:ALEID' s Days Sales Outstanding Range Over the Past 10 Years
Min: 148.47 Med: 189.63 Max: 220.46
Current: 148.47

During the past 13 years, Al Eid Food Co's highest Days Sales Outstanding was 220.46. The lowest was 148.47. And the median was 189.63.

KUW:ALEID's Days Sales Outstanding is ranked worse than
96.07% of 305 companies
in the Retail - Defensive industry
Industry Median: 23.57 vs KUW:ALEID: 148.47

Al Eid Food Co's Days Sales Outstanding declined from Dec. 2022 (210.06) to Dec. 2023 (172.10).

Al Eid Food Co Days Sales Outstanding Historical Data

The historical data trend for Al Eid Food 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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Al Eid Food Co Days Sales Outstanding Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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197.54

220.46

177.42

153.46

179.65

Al Eid Food Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															210.06	143.62	106.39	146.36	172.10

Competitive Comparison of Al Eid Food Co's Days Sales Outstanding

For the Food Distribution subindustry, Al Eid Food 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.

Al Eid Food Co's Days Sales Outstanding Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Al Eid Food Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Al Eid Food Co's Days Sales Outstanding falls into.

Al Eid Food 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.

Al Eid Food 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
=	( (12.46	+	22.109)	/	2 )	/	35.118	*	365
=	17.2845					/	35.118	*	365
=	179.65

Al Eid Food Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (12.613	+	22.109)	/	2 )	/	9.205	*	365 / 4
=	17.361					/	9.205	*	365 / 4
=	172.10

Al Eid Food Co (KUW:ALEID) Days Sales Outstanding Explanation

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

Al Eid Food Co Days Sales Outstanding Related Terms

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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