Amar Finance and Leasing Co KSCC (KUW:AMAR) Days Payable : 1,034.17 (As of Mar. 2024)

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What is Amar Finance and Leasing Co KSCC Days Payable?

Amar Finance and Leasing Co KSCC's average Accounts Payable for the three months ended in Mar. 2024 was KWD0.14 Mil. Amar Finance and Leasing Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.01 Mil. Hence, Amar Finance and Leasing Co KSCC's Days Payable for the three months ended in Mar. 2024 was 1,034.17.

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

KUW:AMAR' s Days Payable Range Over the Past 10 Years
Min: 716.73 Med: 886.43 Max: 992.8
Current: 992.8

During the past 13 years, Amar Finance and Leasing Co KSCC's highest Days Payable was 992.80. The lowest was 716.73. And the median was 886.43.

KUW:AMAR's Days Payable is ranked better than
93.16% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs KUW:AMAR: 992.80

Amar Finance and Leasing Co KSCC's Days Payable increased from Mar. 2023 (653.16) to Mar. 2024 (1,034.17). It may suggest that Amar Finance and Leasing Co KSCC delayed paying its suppliers.

Amar Finance and Leasing Co KSCC Days Payable Historical Data

The historical data trend for Amar Finance and Leasing 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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Amar Finance and Leasing Co KSCC Days Payable Chart

Amar Finance and Leasing Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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716.73

908.78

886.43

Amar Finance and Leasing Co KSCC 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															653.16	1,241.00	730.00	1,128.18	1,034.17

Competitive Comparison of Amar Finance and Leasing Co KSCC's Days Payable

For the Real Estate Services subindustry, Amar Finance and Leasing 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.

Amar Finance and Leasing Co KSCC's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Amar Finance and Leasing Co KSCC's Days Payable distribution charts can be found below:

* The bar in red indicates where Amar Finance and Leasing Co KSCC's Days Payable falls into.

Amar Finance and Leasing 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.

Amar Finance and Leasing 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
=	( (0.136	+	0.136)	/	2 )	/	0.056	*	365
=	0.136					/	0.056	*	365
=	886.43

Amar Finance and Leasing Co KSCC'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
=	( (0.136	+	0.136)	/	2 )	/	0.012	*	365 / 4
=	0.136					/	0.012	*	365 / 4
=	1,034.17

Amar Finance and Leasing Co KSCC Days Payable Related Terms

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Amar Finance and Leasing Co KSCC (KUW:AMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Amar Finance and Leasing Co KSCC (KUW:AMAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq Area, Ahmed Al-Jaber Street, Al-Bodoor Tower, P.O.Box: 28776, Safat, Kuwait City, KWT, 13148

Website

http://www.amarfinance.com

Amar Finance and Leasing Co KSCC is a Kuwait-based financial institution that is engaged in the provision of commercial and residential real-estate market, offering financial solutions to real-estate companies, as well as to real-estate investors and home buyers. Its offerings include finance, investment, consulting services. The company's various services include structured finance, investment placement, real estate project finance, real estate investment services, Amar real estate fund and real estate advisory services, structured finance, investment placement, real estate project finance, real estate investment services, Amar real estate fund and real estate advisory services.

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