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Gulf Investment House KSC (KUW:GIH) Days Inventory : 76.04 (As of Mar. 2024)


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What is Gulf Investment House KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf Investment House KSC's Average Total Inventories for the three months ended in Mar. 2024 was KWD0.94 Mil. Gulf Investment House KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.13 Mil. Hence, Gulf Investment House KSC's Days Inventory for the three months ended in Mar. 2024 was 76.04.

The historical rank and industry rank for Gulf Investment House KSC's Days Inventory or its related term are showing as below:

KUW:GIH' s Days Inventory Range Over the Past 10 Years
Min: 42.01   Med: 60.94   Max: 152.08
Current: 58.45

During the past 13 years, Gulf Investment House KSC's highest Days Inventory was 152.08. The lowest was 42.01. And the median was 60.94.

KUW:GIH's Days Inventory is ranked better than
56.02% of 166 companies
in the Asset Management industry
Industry Median: 77.395 vs KUW:GIH: 58.45

Gulf Investment House KSC's Days Inventory increased from Mar. 2023 (45.34) to Mar. 2024 (76.04). It might indicate that Gulf Investment House KSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf Investment House KSC's Inventory Turnover for the three months ended in Mar. 2024 was 1.20.

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. Gulf Investment House KSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.


Gulf Investment House KSC Days Inventory Historical Data

The historical data trend for Gulf Investment House KSC'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.

* Premium members only.

Gulf Investment House KSC Days Inventory Chart

Gulf Investment House KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 152.08 60.94 53.01 42.01 63.62

Gulf Investment House KSC 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 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 45.34 40.28 60.54 63.61 76.04

Competitive Comparison of Gulf Investment House KSC's Days Inventory

For the Asset Management subindustry, Gulf Investment House KSC'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.


Gulf Investment House KSC's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gulf Investment House KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gulf Investment House KSC's Days Inventory falls into.



Gulf Investment House KSC Days Inventory Calculation

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

Gulf Investment House KSC'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
=( (0.974 + 0.926) / 2 ) / 5.45*365
=0.95 / 5.45*365
=63.62

Gulf Investment House KSC'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
=( (0.926 + 0.959) / 2 ) / 1.131*365 / 4
=0.9425 / 1.131*365 / 4
=76.04

* 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.


Gulf Investment House KSC  (KUW:GIH) 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.

Gulf Investment House KSC'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.

Gulf Investment House KSC'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.


Gulf Investment House KSC Days Inventory Related Terms

Thank you for viewing the detailed overview of Gulf Investment House KSC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Gulf Investment House KSC (KUW:GIH) Business Description

Traded in Other Exchanges
Address
Sharq, Ahmad Al Jaber Street, P.O. Box 28808, 29th Floor, Dar Al-Awadi Tower, Safat, Kuwait City, KWT, 13149
Gulf Investment House KSC (GIH) is a financial services company. It is engaged in investment activities and related financial and advisory services. The company also trades and invests in properties. The company derives most of its revenue from Investment. The operating segments of the group are Investments and Real estate. It derives a majority of revenue from the Investments segment. It earns fees and commission income from a diverse range of asset management, investment banking, custody, and brokerage services provided to the customers.

Gulf Investment House KSC (KUW:GIH) Headlines

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