Al Soor Fuel Marketing Co KSC (KUW:SOOR) Inventory Turnover : 44.79 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Al Soor Fuel Marketing Co KSC 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. Al Soor Fuel Marketing Co KSC's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD39.7 Mil. Al Soor Fuel Marketing Co KSC's Average Total Inventories for the quarter that ended in Dec. 2023 was KWD0.9 Mil. Al Soor Fuel Marketing Co KSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 44.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Soor Fuel Marketing Co KSC's Days Inventory for the three months ended in Dec. 2023 was 2.04.

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 Soor Fuel Marketing Co KSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Al Soor Fuel Marketing Co KSC Inventory Turnover Historical Data

The historical data trend for Al Soor Fuel Marketing Co KSC'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.

* Premium members only.

Al Soor Fuel Marketing Co KSC Inventory Turnover Chart

Al Soor Fuel Marketing Co KSC Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

239.49

151.20

161.79

168.89

170.45

Al Soor Fuel Marketing Co KSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															44.16	41.13	42.73	42.77	44.79

Al Soor Fuel Marketing Co KSC Inventory Turnover Calculation

Al Soor Fuel Marketing Co KSC'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 )
=	154.768	/ (	(0.935	+	0.881)	/	2 )
=	154.768	/	0.908
=	170.45

Al Soor Fuel Marketing Co KSC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	39.682	/ (	(0.891	+	0.881)	/	2 )
=	39.682	/	0.886
=	44.79

Al Soor Fuel Marketing Co KSC (KUW:SOOR) 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.

Al Soor Fuel Marketing Co KSC's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.886	/	39.682	*	365 / 4
	=	2.04

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 Soor Fuel Marketing Co KSC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.886	/	40.528
	=	0.02

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.

Al Soor Fuel Marketing Co KSC Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Al Soor Fuel Marketing Co KSC's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Soor Fuel Marketing Co KSC (KUW:SOOR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

AlMirqab - Block 3 - Omar bin Al-Khattab Street, P.O. Box 28396, KBT Tower, 14th Floor, Kuwait, KWT, 13144

Website

http://www.soor.com.kw

Al Soor Fuel Marketing Co KSC is engaged in the acquisition, construction, leasing, operation, and maintenance of petrol filling stations. It also constructs, develops, operates, and maintains customer services center at petrol stations. The customer services centers operated by the company provide all services related to cars and vehicles such as oil changes, car wash, maintenance services, repair and technical testing of vehicles, and supermarket services. Its operating segments are Fuel marketing and other related services and Investment operations. The majority of its revenue derives from Fuel marketing and other associated services.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Headlines

No Headlines