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Kuwait Foundry CoK (KUW:KFOUC) Days Inventory : 551.23 (As of Mar. 2024)


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What is Kuwait Foundry CoK Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kuwait Foundry CoK's Average Total Inventories for the three months ended in Mar. 2024 was KWD0.66 Mil. Kuwait Foundry CoK's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.11 Mil. Hence, Kuwait Foundry CoK's Days Inventory for the three months ended in Mar. 2024 was 551.23.

The historical rank and industry rank for Kuwait Foundry CoK's Days Inventory or its related term are showing as below:

KUW:KFOUC' s Days Inventory Range Over the Past 10 Years
Min: 743.51   Med: 951.55   Max: 1539.59
Current: 905.81

During the past 13 years, Kuwait Foundry CoK's highest Days Inventory was 1539.59. The lowest was 743.51. And the median was 951.55.

KUW:KFOUC's Days Inventory is ranked worse than
99.11% of 2907 companies
in the Industrial Products industry
Industry Median: 121.9 vs KUW:KFOUC: 905.81

Kuwait Foundry CoK's Days Inventory declined from Mar. 2023 (1,370.80) to Mar. 2024 (551.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kuwait Foundry CoK's Inventory Turnover for the three months ended in Mar. 2024 was 0.17.

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. Kuwait Foundry CoK's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.55.


Kuwait Foundry CoK Days Inventory Historical Data

The historical data trend for Kuwait Foundry CoK'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.

Kuwait Foundry CoK Days Inventory Chart

Kuwait Foundry CoK Annual Data
Trend Dec11 Dec12 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 743.51 1,196.87 1,539.59 1,395.14 887.13

Kuwait Foundry CoK 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 1,370.80 1,347.69 1,035.46 811.07 551.23

Competitive Comparison of Kuwait Foundry CoK's Days Inventory

For the Metal Fabrication subindustry, Kuwait Foundry CoK'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.


Kuwait Foundry CoK's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kuwait Foundry CoK's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kuwait Foundry CoK's Days Inventory falls into.



Kuwait Foundry CoK Days Inventory Calculation

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

Kuwait Foundry CoK'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
=( (1.333 + 0.66) / 2 ) / 0.41*365
=0.9965 / 0.41*365
=887.13

Kuwait Foundry CoK'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
=( (0.66 + 0.669) / 2 ) / 0.11*365 / 4
=0.6645 / 0.11*365 / 4
=551.23

* 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.


Kuwait Foundry CoK  (KUW:KFOUC) 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.

Kuwait Foundry CoK'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.

Kuwait Foundry CoK'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.


Kuwait Foundry CoK Days Inventory Related Terms

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


Kuwait Foundry CoK (KUW:KFOUC) Business Description

Traded in Other Exchanges
N/A
Address
AL Rai, Street No. 10, P.O. Box 1393, Plot No. 1880, Safat, Kuwait, KWT, 13014
Kuwait Foundry Co SAK is a Kuwait based company involved in the manufacturing of cast raw iron and other materials. Its business activities include the production of sanitary tools, sewage systems, casting joints for asbestos pipes, water valves, and electric fuse boxes among other products.

Kuwait Foundry CoK (KUW:KFOUC) Headlines

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