Shuaiba Industrial Co (KUW:PAPER) Days Payable : 55.57 (As of Mar. 2024)

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What is Shuaiba Industrial Co Days Payable?

Shuaiba Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was KWD1.85 Mil. Shuaiba Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD3.04 Mil. Hence, Shuaiba Industrial Co's Days Payable for the three months ended in Mar. 2024 was 55.57.

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

KUW:PAPER' s Days Payable Range Over the Past 10 Years
Min: 42.46 Med: 55.13 Max: 85.31
Current: 73.61

During the past 13 years, Shuaiba Industrial Co's highest Days Payable was 85.31. The lowest was 42.46. And the median was 55.13.

KUW:PAPER's Days Payable is ranked better than
64.16% of 279 companies
in the Forest Products industry
Industry Median: 58.53 vs KUW:PAPER: 73.61

Shuaiba Industrial Co's Days Payable declined from Mar. 2023 (64.61) to Mar. 2024 (55.57). It may suggest that Shuaiba Industrial Co accelerated paying its suppliers.

Shuaiba Industrial Co Days Payable Historical Data

The historical data trend for Shuaiba Industrial 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.

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Shuaiba Industrial Co Days Payable Chart

Shuaiba Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

55.13

42.46

46.20

55.60

47.08

Shuaiba Industrial Co 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															64.61	84.60	81.24	62.13	55.57

Competitive Comparison of Shuaiba Industrial Co's Days Payable

For the Paper & Paper Products subindustry, Shuaiba Industrial 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.

Shuaiba Industrial Co's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shuaiba Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shuaiba Industrial Co's Days Payable falls into.

Shuaiba Industrial 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.

Shuaiba Industrial 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
=	( (1.806	+	1.307)	/	2 )	/	12.067	*	365
=	1.5565					/	12.067	*	365
=	47.08

Shuaiba Industrial Co'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
=	( (1.307	+	2.399)	/	2 )	/	3.043	*	365 / 4
=	1.853					/	3.043	*	365 / 4
=	55.57

Shuaiba Industrial Co Days Payable Related Terms

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Shuaiba Industrial Co (KUW:PAPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shuaiba Industrial Co (KUW:PAPER) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Block 3, Street 31 Building, 150 Subhan, P.O Box 10088, Subhan Industrial Area, Shuaiba, KWT, 65451

Website

http://www.sic-kwt.com

Shuaiba Industrial Co is a paper packaging manufacturer. The company is organized into three business segments namely Industrial Packaging which comprises of multi-wall paper sacks, and Consumer Packaging which involves various types of bags and wrapping sheet; Flexible packaging which comprises of multi-ply printing and aluminum foil lamination products. Majority of its revenue comes from its business in Gulf countries.

Shuaiba Industrial Co (KUW:PAPER) Headlines

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