Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Days Inventory : 24.58 (As of Dec. 2023)

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What is Al-Maidan Dental Clinic Co KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Al-Maidan Dental Clinic Co KSC's Average Total Inventories for the three months ended in Dec. 2023 was KWD3.20 Mil. Al-Maidan Dental Clinic Co KSC's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD11.89 Mil. Hence, Al-Maidan Dental Clinic Co KSC's Days Inventory for the three months ended in Dec. 2023 was 24.58.

The historical rank and industry rank for Al-Maidan Dental Clinic Co KSC's Days Inventory or its related term are showing as below:

KUW:MIDAN' s Days Inventory Range Over the Past 10 Years
Min: 21.18 Med: 23.43 Max: 29.88
Current: 24.67

During the past 13 years, Al-Maidan Dental Clinic Co KSC's highest Days Inventory was 29.88. The lowest was 21.18. And the median was 23.43.

KUW:MIDAN's Days Inventory is ranked better than
60.13% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.13 vs KUW:MIDAN: 24.67

Al-Maidan Dental Clinic Co KSC's Days Inventory increased from Dec. 2022 (23.51) to Dec. 2023 (24.58). It might indicate that Al-Maidan Dental Clinic Co KSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Al-Maidan Dental Clinic Co KSC's Inventory Turnover for the three months ended in Dec. 2023 was 3.71.

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. Al-Maidan Dental Clinic Co KSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Al-Maidan Dental Clinic Co KSC Days Inventory Historical Data

The historical data trend for Al-Maidan Dental Clinic Co KSC'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.

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Al-Maidan Dental Clinic Co KSC Days Inventory Chart

Al-Maidan Dental Clinic Co KSC Annual Data

Trend

Dec10

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

22.39

24.02

24.82

21.18

21.26

Al-Maidan Dental Clinic Co KSC 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															23.51	22.19	25.62	26.62	24.58

Competitive Comparison of Al-Maidan Dental Clinic Co KSC's Days Inventory

For the Medical Care Facilities subindustry, Al-Maidan Dental Clinic Co KSC'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.

Al-Maidan Dental Clinic Co KSC's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al-Maidan Dental Clinic Co KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Al-Maidan Dental Clinic Co KSC's Days Inventory falls into.

Al-Maidan Dental Clinic Co KSC Days Inventory Calculation

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

Al-Maidan Dental Clinic Co KSC'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
=	( (2.53	+	2.555)	/	2 )	/	43.642	*	365
=	2.5425					/	43.642	*	365
=	21.26

Al-Maidan Dental Clinic Co KSC'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
=	( (3.324	+	3.082)	/	2 )	/	11.891	*	365 / 4
=	3.203					/	11.891	*	365 / 4
=	24.58

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) 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.

Al-Maidan Dental Clinic Co KSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.891	/	3.203
	=	3.71

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.

Al-Maidan Dental Clinic Co KSC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.203	/	19.892
	=	0.16

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.

Al-Maidan Dental Clinic Co KSC Days Inventory Related Terms

Thank you for viewing the detailed overview of Al-Maidan Dental Clinic Co KSC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid lbn Al-Waleed Street, P.O. Box 606, Floor 32, KBT Tower, Al-Merqab, Opposite to Behbehani Round-about, Kuwait City, KWT, 15457

Website

https://www.maidangroup.com

Al-Maidan Dental Clinic Co KSC owns and operates dental centers. The company operates in two segments: Clinics and Hospitals. Clinics provide services relating to oral health care, diagnosis, consultations and treatment to outpatients with specialty in dental treatment. The hospital segment generates the majority of revenue for the firm, which includes services relating to medical diagnosis, health care, consultations, surgical and treatment to both outpatients and inpatients with various specialties. Geographically, all of its operations are conducted in the State of Kuwait.

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Headlines

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