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National Industries Co KSC (KUW:NICBM) Days Inventory : 197.93 (As of Mar. 2024)


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What is National Industries Co KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Industries Co KSC's Average Total Inventories for the three months ended in Mar. 2024 was KWD23.14 Mil. National Industries Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD10.67 Mil. Hence, National Industries Co KSC's Days Inventory for the three months ended in Mar. 2024 was 197.93.

The historical rank and industry rank for National Industries Co KSC's Days Inventory or its related term are showing as below:

KUW:NICBM' s Days Inventory Range Over the Past 10 Years
Min: 176.04   Med: 208.78   Max: 262.26
Current: 219.68

During the past 13 years, National Industries Co KSC's highest Days Inventory was 262.26. The lowest was 176.04. And the median was 208.78.

KUW:NICBM's Days Inventory is ranked worse than
87.24% of 1395 companies
in the Construction industry
Industry Median: 49.2 vs KUW:NICBM: 219.68

National Industries Co KSC's Days Inventory declined from Mar. 2023 (214.92) to Mar. 2024 (197.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Industries Co KSC's Inventory Turnover for the three months ended in Mar. 2024 was 0.46.

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. National Industries Co KSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.79.


National Industries Co KSC Days Inventory Historical Data

The historical data trend for National Industries 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.

* Premium members only.

National Industries Co KSC Days Inventory Chart

National Industries Co KSC 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 199.01 262.26 256.57 240.13 223.05

National Industries Co KSC 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 214.92 251.06 238.78 198.77 197.93

Competitive Comparison of National Industries Co KSC's Days Inventory

For the Building Products & Equipment subindustry, National Industries 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.


National Industries Co KSC's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, National Industries Co KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Industries Co KSC's Days Inventory falls into.



National Industries Co KSC Days Inventory Calculation

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

National Industries Co KSC'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
=( (25.828 + 22.891) / 2 ) / 39.862*365
=24.3595 / 39.862*365
=223.05

National Industries Co KSC'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
=( (22.891 + 23.381) / 2 ) / 10.666*365 / 4
=23.136 / 10.666*365 / 4
=197.93

* 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.


National Industries Co KSC  (KUW:NICBM) 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.

National Industries Co KSC'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.

National Industries Co KSC'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.


National Industries Co KSC Days Inventory Related Terms

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


National Industries Co KSC (KUW:NICBM) Business Description

Traded in Other Exchanges
N/A
Address
Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034
National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.

National Industries Co KSC (KUW:NICBM) Headlines

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