Agility Public Warehousing Co (KUW:AGLTY) Inventory Turnover : 5.16 (As of Dec. 2023)

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What is Agility Public Warehousing Co 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. Agility Public Warehousing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD292 Mil. Agility Public Warehousing Co's Average Total Inventories for the quarter that ended in Dec. 2023 was KWD57 Mil. Agility Public Warehousing Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agility Public Warehousing Co's Days Inventory for the three months ended in Dec. 2023 was 17.70.

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. Agility Public Warehousing Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Agility Public Warehousing Co Inventory Turnover Historical Data

The historical data trend for Agility Public Warehousing Co'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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Agility Public Warehousing Co Inventory Turnover Chart

Agility Public Warehousing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.12

11.18

16.52

21.01

21.28

Agility Public Warehousing Co 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															5.97	5.62	5.84	5.86	5.16

Agility Public Warehousing Co Inventory Turnover Calculation

Agility Public Warehousing Co'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 )
=	1101.801	/ (	(45.247	+	58.317)	/	2 )
=	1101.801	/	51.782
=	21.28

Agility Public Warehousing Co'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 )
=	291.613	/ (	(54.782	+	58.317)	/	2 )
=	291.613	/	56.5495
=	5.16

Agility Public Warehousing Co (KUW:AGLTY) 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.

Agility Public Warehousing Co'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
	=	56.5495	/	291.613	*	365 / 4
	=	17.70

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.

Agility Public Warehousing Co'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 )
	=	56.5495	/	343.858
	=	0.16

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.

Agility Public Warehousing Co Inventory Turnover Related Terms

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Agility Public Warehousing Co (KUW:AGLTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Agility Public Warehousing Co (KUW:AGLTY) » Definitions » Inventory Turnover

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AGLTY:United Arab Emirates

Address

Sulaibia, Beside Land Customs Clearing Area, P.O. Box 25418, Safat, Kuwait, KWT, 13115

Website

https://www.agility.com

Agility Public Warehousing Co is a Kuwait-based company. The company's segment includes Controlled entities and Investments. It generates maximum revenue from the Controlled entities segment. The entities that are part of Controlled entities segment provides services that include real estate, fuel logistics, airplane ground handling and cleaning services, cargo and lounge management, customs operations and management, construction and remote site services, customs consulting and waste recycling.

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