National Cleaning Co (KUW:CLEANING) Days Inventory : 14.25 (As of Mar. 2024)

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What is National Cleaning Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Cleaning Co's Average Total Inventories for the three months ended in Mar. 2024 was KWD1.17 Mil. National Cleaning Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD7.49 Mil. Hence, National Cleaning Co's Days Inventory for the three months ended in Mar. 2024 was 14.25.

The historical rank and industry rank for National Cleaning Co's Days Inventory or its related term are showing as below:

KUW:CLEANING' s Days Inventory Range Over the Past 10 Years
Min: 9.47 Med: 18.83 Max: 24.86
Current: 17.28

During the past 13 years, National Cleaning Co's highest Days Inventory was 24.86. The lowest was 9.47. And the median was 18.83.

KUW:CLEANING's Days Inventory is ranked better than
55.5% of 209 companies
in the Waste Management industry
Industry Median: 22.94 vs KUW:CLEANING: 17.28

National Cleaning Co's Days Inventory declined from Mar. 2023 (20.65) to Mar. 2024 (14.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Cleaning Co's Inventory Turnover for the three months ended in Mar. 2024 was 6.41.

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 Cleaning Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.14.

National Cleaning Co Days Inventory Historical Data

The historical data trend for National Cleaning 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.

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National Cleaning Co Days Inventory Chart

National Cleaning Co Annual Data

Trend

Dec11

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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24.17

24.86

22.59

20.42

17.24

National Cleaning Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															20.65	19.81	21.61	14.67	14.25

Competitive Comparison of National Cleaning Co's Days Inventory

For the Waste Management subindustry, National Cleaning 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.

National Cleaning Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, National Cleaning Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Cleaning Co's Days Inventory falls into.

National Cleaning Co Days Inventory Calculation

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

National Cleaning Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.757	+	1.203)	/	2 )	/	31.34	*	365
=	1.48					/	31.34	*	365
=	17.24

National Cleaning Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.203	+	1.136)	/	2 )	/	7.491	*	365 / 4
=	1.1695					/	7.491	*	365 / 4
=	14.25

National Cleaning Co (KUW:CLEANING) 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.

National Cleaning Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.491	/	1.1695
	=	6.41

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 Cleaning Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.1695	/	8.533
	=	0.14

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.

National Cleaning Co Days Inventory Related Terms

Thank you for viewing the detailed overview of National Cleaning Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

National Cleaning Co (KUW:CLEANING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Cleaning Co (KUW:CLEANING) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near National Oil Company, P.O Box 25702, North Sabhan, Safat, Kuwait City, KWT, 13118

Website

http://www.ncc-kw.com

National Cleaning Co is a Kuwait based company. It has three segments. The Cleaning segment, which is the key revenue driver, includes external cleaning contracts, environment cleaning contracts, and supply and sale of cleaning materials and the materials necessary to remedy environmental pollution. The Agriculture and animal production segment includes contracts for the construction, landscaping, beautifying, and cleaning of parks and related agricultural works and trading in agricultural equipment and anima production. The Financial investment segment includes investing in money market instruments and investment in the management of quoted and unquoted equity in the organized financial market. Geographically, it has a presence in Kuwait, Qatar, Turkey, and India.

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