Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Inventory Turnover : 0.13 (As of Mar. 2024)

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What is Commercial Real Estate Co KSCC Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Commercial Real Estate Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD2.18 Mil. Commercial Real Estate Co KSCC's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD16.82 Mil. Commercial Real Estate Co KSCC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Commercial Real Estate Co KSCC's Days Inventory for the three months ended in Mar. 2024 was 705.12.

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. Commercial Real Estate Co KSCC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.17.

Commercial Real Estate Co KSCC Inventory Turnover Historical Data

The historical data trend for Commercial Real Estate Co KSCC's Inventory Turnover 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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Commercial Real Estate Co KSCC Inventory Turnover Chart

Commercial Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.76

0.56

0.60

0.75

0.61

Commercial Real Estate Co KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.13	0.13	0.12	0.22	0.13

Commercial Real Estate Co KSCC Inventory Turnover Calculation

Commercial Real Estate Co KSCC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	10.329	/ (	(17.006	+	16.91)	/	2 )
=	10.329	/	16.958
=	0.61

Commercial Real Estate Co KSCC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2.177	/ (	(16.91	+	16.735)	/	2 )
=	2.177	/	16.8225
=	0.13

Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Commercial Real Estate Co KSCC'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
	=	16.8225	/	2.177	*	365 / 4
	=	705.12

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.

Commercial Real Estate Co KSCC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	16.8225	/	7.748
	=	2.17

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Commercial Real Estate Co KSCC Inventory Turnover Related Terms

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Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Commercial Real Estate Co KSCC (KUW:ALTIJARIA) » Definitions » Inventory Turnover

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Address

Al-Sharq Jaber Al Mubarak Street, Commercial Real Estate Building, P.O.Box 4119, Safat, Kuwait City, KWT, 13042

Website

https://www.altijaria.com

Commercial Real Estate Co KSCC is engaged in performing various real estate, agricultural, industrial, and commercial activities, carrying out contracting, road and building constructions, including the sale, purchase, and lease of land and real estate properties and construction of buildings. It operates through the Real estate, Hotel, and Investment business segment, of which the majority of its revenue comes from the real estate segment. Its geographical segments are the State of Kuwait, Gulf Countries, and Others.

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