Arabi Holding Group (KUW:AGHC) Days Payable : 51.01 (As of Mar. 2024)

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What is Arabi Holding Group Days Payable?

Arabi Holding Group's average Accounts Payable for the three months ended in Mar. 2024 was KWD7.02 Mil. Arabi Holding Group's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD12.56 Mil. Hence, Arabi Holding Group's Days Payable for the three months ended in Mar. 2024 was 51.01.

The historical rank and industry rank for Arabi Holding Group's Days Payable or its related term are showing as below:

KUW:AGHC' s Days Payable Range Over the Past 10 Years
Min: 54.62 Med: 59.16 Max: 407.45
Current: 407.45

During the past 13 years, Arabi Holding Group's highest Days Payable was 407.45. The lowest was 54.62. And the median was 59.16.

KUW:AGHC's Days Payable is ranked better than
94.88% of 469 companies
in the Conglomerates industry
Industry Median: 59.22 vs KUW:AGHC: 407.45

Arabi Holding Group's Days Payable declined from Mar. 2023 (432.42) to Mar. 2024 (51.01). It may suggest that Arabi Holding Group accelerated paying its suppliers.

Arabi Holding Group Days Payable Historical Data

The historical data trend for Arabi Holding Group'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.

Arabi Holding Group Days Payable Chart

Arabi Holding Group Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.70

65.05

55.10

59.70

54.62

Arabi Holding Group 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															432.42	756.10	735.28	274.33	51.01

Competitive Comparison of Arabi Holding Group's Days Payable

For the Conglomerates subindustry, Arabi Holding Group'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.

Arabi Holding Group's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Arabi Holding Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Arabi Holding Group's Days Payable falls into.

Arabi Holding Group 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.

Arabi Holding Group'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
=	( (7.014	+	7.023)	/	2 )	/	46.902	*	365
=	7.0185					/	46.902	*	365
=	54.62

Arabi Holding Group'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
=	( (7.023	+	0)	/	1 )	/	12.564	*	365 / 4
=	7.023					/	12.564	*	365 / 4
=	51.01

Arabi Holding Group Days Payable Related Terms

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Arabi Holding Group (KUW:AGHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Arabi Holding Group (KUW:AGHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forth Ring Road, P.O. Box 4090, Plot 175/176C, Behind Ali Abdulwahab Furniture Showroom, Shuwaikh Industrial Area, Safat, Kuwait, KWT, 13041

Website

http://www.arabigroup.com

Arabi Holding Group is an investment holding company. Its operating segment includes Oil and Gas, and Commercial. It generates maximum revenue from the Oil and Gas segment. Its group's revenue sources include services and maintenance, construction, manpower supply, sale of goods, and other sources. Geographically, it derives a majority of its revenue from Kuwait.