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Gulf Petroleum Investment Co KSCC (KUW:GPI) Days Inventory : 141.12 (As of Mar. 2024)


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What is Gulf Petroleum Investment Co KSCC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf Petroleum Investment Co KSCC's Average Total Inventories for the three months ended in Mar. 2024 was KWD1.65 Mil. Gulf Petroleum Investment Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.06 Mil. Hence, Gulf Petroleum Investment Co KSCC's Days Inventory for the three months ended in Mar. 2024 was 141.12.

The historical rank and industry rank for Gulf Petroleum Investment Co KSCC's Days Inventory or its related term are showing as below:

KUW:GPI' s Days Inventory Range Over the Past 10 Years
Min: 114.69   Med: 248.17   Max: 412.25
Current: 412.25

During the past 13 years, Gulf Petroleum Investment Co KSCC's highest Days Inventory was 412.25. The lowest was 114.69. And the median was 248.17.

KUW:GPI's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.81 vs KUW:GPI: 412.25

Gulf Petroleum Investment Co KSCC's Days Inventory increased from Mar. 2023 (132.98) to Mar. 2024 (141.12). It might indicate that Gulf Petroleum Investment Co KSCC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf Petroleum Investment Co KSCC's Inventory Turnover for the three months ended in Mar. 2024 was 0.65.

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. Gulf Petroleum Investment Co KSCC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.01.


Gulf Petroleum Investment Co KSCC Days Inventory Historical Data

The historical data trend for Gulf Petroleum Investment Co KSCC'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.

Gulf Petroleum Investment Co KSCC Days Inventory Chart

Gulf Petroleum Investment Co KSCC Annual Data
Trend Dec11 Dec12 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 271.63 209.79 158.96 - 374.64

Gulf Petroleum Investment Co KSCC 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 132.98 130.81 143.88 - 141.12

Competitive Comparison of Gulf Petroleum Investment Co KSCC's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Gulf Petroleum Investment Co KSCC'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.


Gulf Petroleum Investment Co KSCC's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Petroleum Investment Co KSCC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gulf Petroleum Investment Co KSCC's Days Inventory falls into.



Gulf Petroleum Investment Co KSCC Days Inventory Calculation

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

Gulf Petroleum Investment Co KSCC'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
=( (1.453 + 1.616) / 2 ) / 1.495*365
=1.5345 / 1.495*365
=374.64

Gulf Petroleum Investment Co KSCC'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
=( (1.616 + 1.675) / 2 ) / 1.064*365 / 4
=1.6455 / 1.064*365 / 4
=141.12

* 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.


Gulf Petroleum Investment Co KSCC  (KUW:GPI) 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.

Gulf Petroleum Investment Co KSCC'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.

Gulf Petroleum Investment Co KSCC'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.


Gulf Petroleum Investment Co KSCC Days Inventory Related Terms

Thank you for viewing the detailed overview of Gulf Petroleum Investment Co KSCC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Gulf Petroleum Investment Co KSCC (KUW:GPI) Business Description

Traded in Other Exchanges
N/A
Address
Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086
Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.