Acico Industries Co KSCC (KUW:ACICO) Days Payable : 434.46 (As of Dec. 2023)

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What is Acico Industries Co KSCC Days Payable?

Acico Industries Co KSCC's average Accounts Payable for the three months ended in Dec. 2023 was KWD29.68 Mil. Acico Industries Co KSCC's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD6.23 Mil. Hence, Acico Industries Co KSCC's Days Payable for the three months ended in Dec. 2023 was 434.46.

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

KUW:ACICO' s Days Payable Range Over the Past 10 Years
Min: 71.86 Med: 132.4 Max: 642.42
Current: 248.01

During the past 13 years, Acico Industries Co KSCC's highest Days Payable was 642.42. The lowest was 71.86. And the median was 132.40.

KUW:ACICO's Days Payable is not ranked
in the Building Materials industry.
Industry Median: 66.27 vs KUW:ACICO: 248.01

Acico Industries Co KSCC's Days Payable increased from Dec. 2022 (67.30) to Dec. 2023 (434.46). It may suggest that Acico Industries Co KSCC delayed paying its suppliers.

Acico Industries Co KSCC Days Payable Historical Data

The historical data trend for Acico Industries 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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Acico Industries Co KSCC Days Payable Chart

Acico Industries Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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392.61

102.41

85.76

71.86

144.00

Acico Industries Co KSCC 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															67.30	162.09	323.48	304.00	434.46

Competitive Comparison of Acico Industries Co KSCC's Days Payable

For the Building Materials subindustry, Acico Industries 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.

Acico Industries Co KSCC's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Acico Industries Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where Acico Industries Co KSCC's Days Payable falls into.

Acico Industries 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.

Acico Industries Co KSCC'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
=	( (21.302	+	16.382)	/	2 )	/	47.76	*	365
=	18.842					/	47.76	*	365
=	144.00

Acico Industries Co KSCC'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
=	( (42.971	+	16.382)	/	2 )	/	6.233	*	365 / 4
=	29.6765					/	6.233	*	365 / 4
=	434.46

Acico Industries Co KSCC Days Payable Related Terms

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Acico Industries Co KSCC (KUW:ACICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Acico Industries Co KSCC (KUW:ACICO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq, Al - Hamra Business Tower, P.O. Box 24079, 34th floor, Safat, Kuwait, KWT, 13101

Website

https://www.acicogroup.com

Acico Industries Co KSCC manufactures and supplies building materials. The company manufactures all types and sizes of aerated concrete and non-concrete and all its construction requirements, import, and export of all building materials. It manufactures blocks, lintels, slabs, and reinforced structural components. In addition, the company also deals in real estate, dealing in shares and bonds. Its segments consist of Real Estate, Contracting, and Industrial.

Acico Industries Co KSCC (KUW:ACICO) Headlines

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