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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Inventory-to-Revenue : 1.07 (As of Mar. 2024)


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What is Ali Alghanim Sons Automotive Co KSC Inventory-to-Revenue?

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. Ali Alghanim Sons Automotive Co KSC's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD68.7 Mil. Ali Alghanim Sons Automotive Co KSC's Revenue for the three months ended in Mar. 2024 was KWD64.2 Mil. Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.07.

Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.96) to Dec. 2023 (1.07)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ali Alghanim Sons Automotive Co KSC's Days Inventory for the three months ended in Mar. 2024 was 128.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ali Alghanim Sons Automotive Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.


Ali Alghanim Sons Automotive Co KSC Inventory-to-Revenue Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue 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.

Ali Alghanim Sons Automotive Co KSC Inventory-to-Revenue Chart

Ali Alghanim Sons Automotive Co KSC Annual Data
Trend Dec21 Dec22 Dec23
Inventory-to-Revenue
0.14 0.20 0.22

Ali Alghanim Sons Automotive Co KSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.87 0.93 0.96 1.07

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue falls into.



Ali Alghanim Sons Automotive Co KSC Inventory-to-Revenue Calculation

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.

Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (52.345 + 63.292) / 2 ) / 262.785
=57.8185 / 262.785
=0.22

Ali Alghanim Sons Automotive Co KSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (63.292 + 74.175) / 2 ) / 64.227
=68.7335 / 64.227
=1.07

* 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.


Ali Alghanim Sons Automotive Co KSC  (KUW:ALG) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Ali Alghanim Sons Automotive Co KSC's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=68.7335/48.728*365 / 4
=128.71

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ali Alghanim Sons Automotive Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=48.728 / 68.7335
=0.71

* 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.


Ali Alghanim Sons Automotive Co KSC Inventory-to-Revenue Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Traded in Other Exchanges
N/A
Address
Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076
Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.