Days Inventory is also known as Days Sales of Inventory (DSI). World Kinect's Average Total Inventories for the
three
months ended in Dec. 2023 was $659 Mil. World Kinect's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $11,771 Mil.
Hence, World Kinect's Days Inventory for the
three
months ended in Dec. 2023 was 5.11.
The historical rank and industry rank for World Kinect's Days Inventory or its related term are showing as below:
WKC'
s Days Inventory Range Over the Past 10 Years
Min: 3.96 Med: 5.15 Max: 8.77
Current: 5.12
During the past 13 years, World Kinect's highest Days Inventory was 8.77. The lowest was 3.96. And the median was 5.15.
WKC's Days Inventory is ranked better than 88.36% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs WKC: 5.12
World Kinect's Days Inventory
increased
from Dec. 2022 (5.06) to Dec. 2023 (5.11).
It might indicate that World Kinect's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
World Kinect's Inventory Turnover for the
three
months ended in Dec. 2023 was 17.85.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
World Kinect's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.05.
World Kinect Days Inventory Historical Data
The historical data trend for World Kinect's Days Inventory 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.
Competitive Comparison of World Kinect's Days Inventory
For the Oil & Gas Refining & Marketing subindustry, World Kinect's Days Inventory, along with its competitors' market caps and Days Inventory 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.
World Kinect's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, World Kinect's Days Inventory distribution charts can be found below:
* The bar in red indicates where World Kinect's Days Inventory falls into.
World Kinect Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
World Kinect's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
World Kinect (NYSE:WKC) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
World Kinect's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
World Kinect's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
World Kinect Days Inventory Related Terms
Thank you for viewing the detailed overview of World Kinect's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
World Kinect Corp is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions.
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