National Industries Group HoldingK (DFM:NIND) Inventory Turnover : 0.63 (As of Dec. 2023)

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What is National Industries Group HoldingK 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. National Industries Group HoldingK's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ339 Mil. National Industries Group HoldingK's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ540 Mil. National Industries Group HoldingK's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Industries Group HoldingK's Days Inventory for the three months ended in Dec. 2023 was 145.29.

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 Group HoldingK's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.16.

National Industries Group HoldingK Inventory Turnover Historical Data

The historical data trend for National Industries Group HoldingK'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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National Industries Group HoldingK Inventory Turnover Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.03

2.59

2.47

2.60

2.63

National Industries Group HoldingK 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															0.72	0.74	0.66	0.66	0.63

National Industries Group HoldingK Inventory Turnover Calculation

National Industries Group HoldingK'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 )
=	1385.021	/ (	(490.326	+	562.778)	/	2 )
=	1385.021	/	526.552
=	2.63

National Industries Group HoldingK'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 )
=	339.313	/ (	(517.773	+	562.778)	/	2 )
=	339.313	/	540.2755
=	0.63

National Industries Group HoldingK (DFM:NIND) 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.

National Industries Group HoldingK'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
	=	540.2755	/	339.313	*	365 / 4
	=	145.29

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 Group HoldingK'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 )
	=	540.2755	/	466.719
	=	1.16

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.

National Industries Group HoldingK Inventory Turnover Related Terms

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National Industries Group HoldingK (DFM:NIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (DFM:NIND) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NIND:Kuwait

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and shares, building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate infrastructure and financial services. The company has four segments: Investments, Building materials, Specialist engineering and chemical and Hotel and IT services. Geographically, it generates majority revenue from the Kuwait region.

National Industries Group HoldingK (DFM:NIND) Headlines

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