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Al Eid Food Co (KUW:ALEID) Change In Inventory : KWD-4.09 Mil (TTM As of Mar. 2024)


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What is Al Eid Food Co Change In Inventory?

Al Eid Food Co's change in inventory for the quarter that ended in Mar. 2024 was KWD-0.59 Mil. It means Al Eid Food Co's inventory increased by KWD0.59 Mil from Dec. 2023 to Mar. 2024 .

Al Eid Food Co's change in inventory for the fiscal year that ended in Dec. 2023 was KWD-3.95 Mil. It means Al Eid Food Co's inventory increased by KWD3.95 Mil from Dec. 2022 to Dec. 2023 .

Al Eid Food Co's Total Inventories for the quarter that ended in Mar. 2024 was KWD27.65 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Eid Food Co's Days Inventory for the quarter that ended in Mar. 2024 was 173.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Al Eid Food Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

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 Eid Food Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.64.

Al Eid Food Co Change In Inventory Historical Data

The historical data trend for Al Eid Food Co's Change In Inventory 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 Eid Food Co Change In Inventory Chart

Al Eid Food Co Annual Data
Trend Dec11 Dec12 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.01 -0.87 -1.10 -1.25 -3.95

Al Eid Food Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.45 -0.28 -0.47 -2.75 -0.59

Al Eid Food Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-4.09 Mil.

* 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.

Al Eid Food Co  (KUW:ALEID) Change In Inventory Explanation

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

Al Eid Food Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=27.355/14.372*365 / 4
=173.68

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

Al Eid Food Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=14.372 / 27.355
=0.53

3. 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 Eid Food Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=27.355 / 16.7
=1.64

* 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.

Al Eid Food Co Change In Inventory Related Terms

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Al Eid Food Co (KUW:ALEID) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Change In Inventory
Comparable Companies
KUW:CATTL SYY XLIS:JMT LSE:BNZL USFD PFGC BKK:CPAXT JSE:BID BSP:CRFB3 SGX:VC2 ADX:GHITHA XTER:B4B ASX:MTS ANDE SZSE:000061 XKRX:026960 TSE:7451 JSE:SPP SAU:4162 TSE:9869
Traded in Other Exchanges
N/A
Address
Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851
Website
https://www.aleidfoods.com
Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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