Tamdeen Investment Co (KSCC) (KUW:TAMINV) Days Payable : 2,597.24 (As of Mar. 2024)

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What is Tamdeen Investment Co (KSCC) Days Payable?

Tamdeen Investment Co (KSCC)'s average Accounts Payable for the three months ended in Mar. 2024 was KWD4.98 Mil. Tamdeen Investment Co (KSCC)'s Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.18 Mil. Hence, Tamdeen Investment Co (KSCC)'s Days Payable for the three months ended in Mar. 2024 was 2,597.24.

The historical rank and industry rank for Tamdeen Investment Co (KSCC)'s Days Payable or its related term are showing as below:

KUW:TAMINV' s Days Payable Range Over the Past 10 Years
Min: 191.83 Med: 409.89 Max: 4309.69
Current: 4309.69

During the past 13 years, Tamdeen Investment Co (KSCC)'s highest Days Payable was 4309.69. The lowest was 191.83. And the median was 409.89.

KUW:TAMINV's Days Payable is ranked better than
95.49% of 466 companies
in the Asset Management industry
Industry Median: 71.64 vs KUW:TAMINV: 4309.69

Tamdeen Investment Co (KSCC)'s Days Payable increased from Dec. 2022 (0.00) to Mar. 2024 (2,597.24). It may suggest that Tamdeen Investment Co (KSCC) delayed paying its suppliers.

Tamdeen Investment Co (KSCC) Days Payable Historical Data

The historical data trend for Tamdeen Investment 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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Tamdeen Investment Co (KSCC) Days Payable Chart

Tamdeen Investment Co (KSCC) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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284.74

409.89

1,187.80

3,085.43

2,819.72

Tamdeen Investment Co (KSCC) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															-	1,568.29	1,493.15	-	2,597.24

Competitive Comparison of Tamdeen Investment Co (KSCC)'s Days Payable

For the Asset Management subindustry, Tamdeen Investment 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.

Tamdeen Investment Co (KSCC)'s Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tamdeen Investment Co (KSCC)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Tamdeen Investment Co (KSCC)'s Days Payable falls into.

Tamdeen Investment 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.

Tamdeen Investment 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
=	( (5.166	+	3.579)	/	2 )	/	0.566	*	365
=	4.3725					/	0.566	*	365
=	2,819.72

Tamdeen Investment 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
=	( (3.579	+	6.383)	/	2 )	/	0.175	*	365 / 4
=	4.981					/	0.175	*	365 / 4
=	2,597.24

Tamdeen Investment Co (KSCC) Days Payable Related Terms

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Tamdeen Investment Co (KSCC) (KUW:TAMINV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tamdeen Investment Co (KSCC) (KUW:TAMINV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Al Sura - Al Zahra’a Area, 360 Mall- 6th Ring Road, 4th Floor, Box No. 22509, Safat, Kuwait, KWT, 13066

Website

https://www.tamdeeninvestment.com

Tamdeen Investment Co (KSCC) conducts financial investment transactions in all economic sectors inside and outside Kuwait, performing transactions related to dealing in securities such as the purchase and sale of shares and bonds of both companies and government authorities, carrying out investment and portfolio management activities. Geographically, it derives a majority of its revenue from Kuwait.

Tamdeen Investment Co (KSCC) (KUW:TAMINV) Headlines

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