Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Days Inventory : 104.35 (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Burgan Company for Well Drilling Trading and MaintenanceK's Average Total Inventories for the three months ended in Dec. 2023 was KWD12.79 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD11.18 Mil. Hence, Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory for the three months ended in Dec. 2023 was 104.35.

The historical rank and industry rank for Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory or its related term are showing as below:

KUW:ABAR' s Days Inventory Range Over the Past 10 Years
Min: 34.8 Med: 76.2 Max: 118.44
Current: 107.37

During the past 13 years, Burgan Company for Well Drilling Trading and MaintenanceK's highest Days Inventory was 118.44. The lowest was 34.80. And the median was 76.20.

KUW:ABAR's Days Inventory is ranked worse than
85.99% of 728 companies
in the Oil & Gas industry
Industry Median: 31.3 vs KUW:ABAR: 107.37

Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory declined from Dec. 2022 (115.14) to Dec. 2023 (104.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover for the three months ended in Dec. 2023 was 0.87.

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. Burgan Company for Well Drilling Trading and MaintenanceK's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.00.

Burgan Company for Well Drilling Trading and MaintenanceK Days Inventory Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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.

* Premium members only.

Burgan Company for Well Drilling Trading and MaintenanceK Days Inventory Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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76.20

114.58

113.20

118.44

109.35

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															115.14	94.59	113.45	120.60	104.35

Competitive Comparison of Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory

For the Oil & Gas Drilling subindustry, Burgan Company for Well Drilling Trading and MaintenanceK'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.

Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory distribution charts can be found below:

* The bar in red indicates where Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory falls into.

Burgan Company for Well Drilling Trading and MaintenanceK Days Inventory Calculation

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

Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (15.563	+	13.2)	/	2 )	/	48.002	*	365
=	14.3815					/	48.002	*	365
=	109.35

Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.162	+	12.413)	/	2 )	/	11.182	*	365 / 4
=	12.7875					/	11.182	*	365 / 4
=	104.35

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) 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.

Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.182	/	12.7875
	=	0.87

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.

Burgan Company for Well Drilling Trading and MaintenanceK's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.7875	/	12.739
	=	1.00

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.

Burgan Company for Well Drilling Trading and MaintenanceK Days Inventory Related Terms

Thank you for viewing the detailed overview of Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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