Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Change In Inventory : KWD-27.6 Mil (TTM As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Change In Inventory?

Ali Alghanim Sons Automotive Co KSC's change in inventory for the quarter that ended in Mar. 2024 was KWD-10.7 Mil. It means Ali Alghanim Sons Automotive Co KSC's inventory increased by KWD10.7 Mil from Dec. 2023 to Mar. 2024 .

Ali Alghanim Sons Automotive Co KSC's change in inventory for the fiscal year that ended in Dec. 2023 was KWD-12.8 Mil. It means Ali Alghanim Sons Automotive Co KSC's inventory increased by KWD12.8 Mil from Dec. 2022 to Dec. 2023 .

Ali Alghanim Sons Automotive Co KSC's Total Inventories for the quarter that ended in Mar. 2024 was KWD74.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ali Alghanim Sons Automotive Co KSC's Days Inventory for the quarter that ended in Mar. 2024 was 128.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ali Alghanim Sons Automotive Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

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. Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.07.

Ali Alghanim Sons Automotive Co KSC Change In Inventory Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC's Change In 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.

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Ali Alghanim Sons Automotive Co KSC Change In Inventory Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

7.78

-27.40

-12.78

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial							4.08	-12.27	-7.84	3.25	-10.74

Ali Alghanim Sons Automotive Co KSC Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-27.6 Mil.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ali Alghanim Sons Automotive Co KSC's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	68.7335	/	48.728	*	365 / 4
	=	128.71

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ali Alghanim Sons Automotive Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48.728	/	68.7335
	=	0.71

3. 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.

Ali Alghanim Sons Automotive Co KSC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.7335	/	64.227
	=	1.07

Ali Alghanim Sons Automotive Co KSC Change In Inventory Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.