Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Days Sales Outstanding : 92.18 (As of Mar. 2024)

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What is Gulf Cable & Electrical Industries Co KSC Days Sales Outstanding?

Gulf Cable & Electrical Industries Co KSC's average Accounts Receivable for the three months ended in Mar. 2024 was KWD24.87 Mil. Gulf Cable & Electrical Industries Co KSC's Revenue for the three months ended in Mar. 2024 was KWD24.62 Mil. Hence, Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 92.18.

The historical rank and industry rank for Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding or its related term are showing as below:

KUW:CABLE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 81.08 Med: 102.51 Max: 163.59
Current: 105.32

During the past 13 years, Gulf Cable & Electrical Industries Co KSC's highest Days Sales Outstanding was 163.59. The lowest was 81.08. And the median was 102.51.

KUW:CABLE's Days Sales Outstanding is ranked worse than
69.1% of 2945 companies
in the Industrial Products industry
Industry Median: 79.81 vs KUW:CABLE: 105.32

Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding declined from Mar. 2023 (103.12) to Mar. 2024 (92.18).

Gulf Cable & Electrical Industries Co KSC Days Sales Outstanding Historical Data

The historical data trend for Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding 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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Gulf Cable & Electrical Industries Co KSC Days Sales Outstanding Chart

Gulf Cable & Electrical Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

94.62

111.89

163.59

111.98

104.89

Gulf Cable & Electrical Industries Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															103.12	119.84	109.15	101.97	92.18

Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding

For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding falls into.

Gulf Cable & Electrical Industries Co KSC Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (31.1	+	27.647)	/	2 )	/	102.218	*	365
=	29.3735					/	102.218	*	365
=	104.89

Gulf Cable & Electrical Industries Co KSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (27.647	+	22.101)	/	2 )	/	24.622	*	365 / 4
=	24.874					/	24.622	*	365 / 4
=	92.18

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Gulf Cable & Electrical Industries Co KSC Days Sales Outstanding Related Terms

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Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012

Website

https://www.gulfcable.com

Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Headlines

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