Independent Petroleum Group KSCP (KUW:IPG) Days Inventory : 9.66 (As of Jun. 2024)

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What is Independent Petroleum Group KSCP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Independent Petroleum Group KSCP's Average Total Inventories for the three months ended in Jun. 2024 was KWD28 Mil. Independent Petroleum Group KSCP's Cost of Goods Sold for the three months ended in Jun. 2024 was KWD262 Mil. Hence, Independent Petroleum Group KSCP's Days Inventory for the three months ended in Jun. 2024 was 9.66.

The historical rank and industry rank for Independent Petroleum Group KSCP's Days Inventory or its related term are showing as below:

KUW:IPG' s Days Inventory Range Over the Past 10 Years
Min: 11.54 Med: 16.26 Max: 21.45
Current: 13.91

During the past 13 years, Independent Petroleum Group KSCP's highest Days Inventory was 21.45. The lowest was 11.54. And the median was 16.26.

KUW:IPG's Days Inventory is ranked better than
71.21% of 719 companies
in the Oil & Gas industry
Industry Median: 32.54 vs KUW:IPG: 13.91

Independent Petroleum Group KSCP's Days Inventory declined from Jun. 2023 (32.30) to Jun. 2024 (9.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Independent Petroleum Group KSCP's Inventory Turnover for the three months ended in Jun. 2024 was 9.44.

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. Independent Petroleum Group KSCP's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.10.

Independent Petroleum Group KSCP Days Inventory Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP Days Inventory Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.61

17.33

13.97

11.54

13.73

Independent Petroleum Group KSCP Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															32.30	23.69	13.97	8.74	9.66

Competitive Comparison of Independent Petroleum Group KSCP's Days Inventory

For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.

Independent Petroleum Group KSCP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Independent Petroleum Group KSCP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Independent Petroleum Group KSCP's Days Inventory falls into.

Independent Petroleum Group KSCP Days Inventory Calculation

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

Independent Petroleum Group KSCP'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
=	( (51.741	+	27.236)	/	2 )	/	1049.408	*	365
=	39.4885					/	1049.408	*	365
=	13.73

Independent Petroleum Group KSCP's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (38.179	+	17.395)	/	2 )	/	262.355	*	365 / 4
=	27.787					/	262.355	*	365 / 4
=	9.66

Independent Petroleum Group KSCP (KUW:IPG) 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.

Independent Petroleum Group KSCP's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	262.355	/	27.787
	=	9.44

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.

Independent Petroleum Group KSCP's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.787	/	270.606
	=	0.10

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.

Independent Petroleum Group KSCP Days Inventory Related Terms

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Independent Petroleum Group KSCP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.