Al Eid Food Co (KUW:ALEID) Days Payable : 1.71 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Al Eid Food Co Days Payable?

Al Eid Food Co's average Accounts Payable for the three months ended in Dec. 2023 was KWD0.15 Mil. Al Eid Food Co's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD7.77 Mil. Hence, Al Eid Food Co's Days Payable for the three months ended in Dec. 2023 was 1.71.

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

KUW:ALEID' s Days Payable Range Over the Past 10 Years
Min: 0.29 Med: 0.39 Max: 1.35
Current: 1.35

During the past 13 years, Al Eid Food Co's highest Days Payable was 1.35. The lowest was 0.29. And the median was 0.39.

KUW:ALEID's Days Payable is ranked worse than
100% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs KUW:ALEID: 1.35

Al Eid Food Co's Days Payable increased from Dec. 2022 (0.47) to Dec. 2023 (1.71). It may suggest that Al Eid Food Co delayed paying its suppliers.

Al Eid Food Co Days Payable Historical Data

The historical data trend for Al Eid Food 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.

* Premium members only.

Al Eid Food Co Days Payable Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

0.46

1.09

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 Payable	Get a 7-Day Free Trial															0.47	0.43	1.58	2.06	1.71

Competitive Comparison of Al Eid Food Co's Days Payable

For the Food Distribution subindustry, Al Eid Food 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.

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

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

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

Al Eid Food 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.

Al Eid Food 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
=	( (0.03	+	0.146)	/	2 )	/	29.401	*	365
=	0.088					/	29.401	*	365
=	1.09

Al Eid Food 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
=	( (0	+	0.146)	/	1 )	/	7.773	*	365 / 4
=	0.146					/	7.773	*	365 / 4
=	1.71

Al Eid Food Co Days Payable Related Terms

Thank you for viewing the detailed overview of Al Eid Food Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

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 Payable

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

No Headlines