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Alargan International Real Estate Co (KUW:ARGAN) Days Inventory : 246.26 (As of Mar. 2024)


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What is Alargan International Real Estate Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alargan International Real Estate Co's Average Total Inventories for the three months ended in Mar. 2024 was KWD14.19 Mil. Alargan International Real Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD5.26 Mil. Hence, Alargan International Real Estate Co's Days Inventory for the three months ended in Mar. 2024 was 246.26.

The historical rank and industry rank for Alargan International Real Estate Co's Days Inventory or its related term are showing as below:

KUW:ARGAN' s Days Inventory Range Over the Past 10 Years
Min: 246.02   Med: 422.93   Max: 2530.75
Current: 246.02

During the past 13 years, Alargan International Real Estate Co's highest Days Inventory was 2530.75. The lowest was 246.02. And the median was 422.93.

KUW:ARGAN's Days Inventory is ranked better than
72.29% of 1328 companies
in the Real Estate industry
Industry Median: 699.495 vs KUW:ARGAN: 246.02

Alargan International Real Estate Co's Days Inventory declined from Mar. 2023 (312.26) to Mar. 2024 (246.26).

Inventory Turnover measures how fast the company turns over its inventory within a year. Alargan International Real Estate Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.37.

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. Alargan International Real Estate Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.47.


Alargan International Real Estate Co Days Inventory Historical Data

The historical data trend for Alargan International Real Estate Co'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.

Alargan International Real Estate Co Days Inventory Chart

Alargan International Real Estate Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 414.78 613.27 431.08 405.91 255.66

Alargan International Real Estate Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 312.26 336.89 269.04 183.32 246.26

Competitive Comparison of Alargan International Real Estate Co's Days Inventory

For the Real Estate Services subindustry, Alargan International Real Estate Co'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.


Alargan International Real Estate Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alargan International Real Estate Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alargan International Real Estate Co's Days Inventory falls into.



Alargan International Real Estate Co Days Inventory Calculation

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

Alargan International Real Estate Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (14.622 + 14.162) / 2 ) / 20.547*365
=14.392 / 20.547*365
=255.66

Alargan International Real Estate Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (14.162 + 14.223) / 2 ) / 5.259*365 / 4
=14.1925 / 5.259*365 / 4
=246.26

* 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.


Alargan International Real Estate Co  (KUW:ARGAN) 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.

Alargan International Real Estate Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Alargan International Real Estate Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Alargan International Real Estate Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Alargan International Real Estate Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Alargan International Real Estate Co (KUW:ARGAN) Business Description

Traded in Other Exchanges
N/A
Address
Free Trade Zone, Argan Business Park, P.O.Box 8904, Shuwaikh (Block F98), Kuwait City, KWT, 22060
Alargan International Real Estate Co is a real estate company in Kuwait. Its activities are represented primarily in real estate investment activity, contracting activities and hotels and resorts activities. Its operating segments include Real estate investment, Contracting, Hotels, and resorts. The group primarily operates inside Kuwait and outside Kuwait which includes the Kingdom of Saudi Arabia, Kingdom of Bahrain, Arab Republic of Egypt, Sultanate of Oman, and the Republic of Lebanon. Geographically the company receives maximum revenue from inside Kuwait.

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