Days Inventory is also known as Days Sales of Inventory (DSI). Al Eid Food Co's Average Total Inventories for the
three
months ended in Mar. 2024 was KWD27.36 Mil. Al Eid Food Co's Cost of Goods Sold for the
three
months ended in Mar. 2024 was KWD14.37 Mil.
Hence, Al Eid Food Co's Days Inventory for the
three
months ended in Mar. 2024 was 173.68.
The historical rank and industry rank for Al Eid Food Co's Days Inventory or its related term are showing as below:
KUW:ALEID'
s Days Inventory Range Over the Past 10 Years
Min: 190.02 Med: 232.08 Max: 272.14
Current: 190.02
During the past 13 years, Al Eid Food Co's highest Days Inventory was 272.14. The lowest was 190.02. And the median was 232.08.
KUW:ALEID's Days Inventory is ranked worse than 96.28% of 296
companies
in the Retail - Defensive industry
Industry Median: 36.41
vs KUW:ALEID: 190.02
Al Eid Food Co's Days Inventory
declined
from Mar. 2023 (193.84) to Mar. 2024 (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
three
months 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
three
months ended in Mar. 2024 was 1.64.
Al Eid Food Co Days Inventory Historical Data
The historical data trend for Al Eid Food Co's Days 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.
Competitive Comparison of Al Eid Food Co's Days Inventory
For the Food Distribution subindustry, Al Eid Food Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Al Eid Food Co's Days Inventory Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Al Eid Food Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Al Eid Food Co's Days Inventory falls into.
Al Eid Food Co Days Inventory Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Al Eid Food Co's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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 Eid Food Co's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Al Eid Food Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Al Eid Food Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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