Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Change In Inventory : KWD-3.4 Mil (TTM As of Mar. 2024)

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What is Heavy Engineering Industries and Shipbuilding Co KSC Change In Inventory?

Heavy Engineering Industries and Shipbuilding Co KSC's change in inventory for the quarter that ended in Mar. 2024 was KWD-1.5 Mil. It means Heavy Engineering Industries and Shipbuilding Co KSC's inventory increased by KWD1.5 Mil from Dec. 2023 to Mar. 2024 .

Heavy Engineering Industries and Shipbuilding Co KSC's change in inventory for the fiscal year that ended in Dec. 2023 was KWD-2.9 Mil. It means Heavy Engineering Industries and Shipbuilding Co KSC's inventory increased by KWD2.9 Mil from Dec. 2022 to Dec. 2023 .

Heavy Engineering Industries and Shipbuilding Co KSC's Total Inventories for the quarter that ended in Mar. 2024 was KWD15.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heavy Engineering Industries and Shipbuilding Co KSC's Days Inventory for the quarter that ended in Mar. 2024 was 41.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heavy Engineering Industries and Shipbuilding Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.21.

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. Heavy Engineering Industries and Shipbuilding Co KSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Heavy Engineering Industries and Shipbuilding Co KSC Change In Inventory Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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.

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Heavy Engineering Industries and Shipbuilding Co KSC Change In Inventory Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.05

-4.70

11.03

-0.48

-2.95

Heavy Engineering Industries and Shipbuilding Co KSC 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															-1.08	-0.34	-0.15	-1.38	-1.48

Heavy Engineering Industries and Shipbuilding Co KSC 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-3.4 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Change In Inventory Explanation

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

Heavy Engineering Industries and Shipbuilding Co KSC's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	14.4845	/	32.04	*	365 / 4
	=	41.25

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

Heavy Engineering Industries and Shipbuilding Co KSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32.04	/	14.4845
	=	2.21

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.

Heavy Engineering Industries and Shipbuilding Co KSC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.4845	/	35.253
	=	0.41

Heavy Engineering Industries and Shipbuilding Co KSC Change In Inventory Related Terms

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Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.