Kuwait and Gulf Link Transport Co (KUW:KGL) Days Inventory : 100.79 (As of Sep. 2024)

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What is Kuwait and Gulf Link Transport Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kuwait and Gulf Link Transport Co's Average Total Inventories for the three months ended in Sep. 2024 was KWD26.7 Mil. Kuwait and Gulf Link Transport Co's Cost of Goods Sold for the three months ended in Sep. 2024 was KWD24.2 Mil. Hence, Kuwait and Gulf Link Transport Co's Days Inventory for the three months ended in Sep. 2024 was 100.79.

The historical rank and industry rank for Kuwait and Gulf Link Transport Co's Days Inventory or its related term are showing as below:

KUW:KGL' s Days Inventory Range Over the Past 10 Years
Min: 19 Med: 66.24 Max: 109.61
Current: 90.52

During the past 13 years, Kuwait and Gulf Link Transport Co's highest Days Inventory was 109.61. The lowest was 19.00. And the median was 66.24.

KUW:KGL's Days Inventory is ranked worse than
90.43% of 784 companies
in the Transportation industry
Industry Median: 12.15 vs KUW:KGL: 90.52

Kuwait and Gulf Link Transport Co's Days Inventory increased from Sep. 2023 (77.00) to Sep. 2024 (100.79). It might indicate that Kuwait and Gulf Link Transport Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kuwait and Gulf Link Transport Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.91.

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 and Gulf Link Transport Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.03.

Kuwait and Gulf Link Transport Co Days Inventory Historical Data

The historical data trend for Kuwait and Gulf Link Transport 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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Kuwait and Gulf Link Transport Co Days Inventory Chart

Kuwait and Gulf Link Transport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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81.84

94.03

109.61

77.89

76.71

Kuwait and Gulf Link Transport Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															77.00	82.91	84.81	93.95	100.79

Competitive Comparison of Kuwait and Gulf Link Transport Co's Days Inventory

For the Integrated Freight & Logistics subindustry, Kuwait and Gulf Link Transport 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.

Kuwait and Gulf Link Transport Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kuwait and Gulf Link Transport Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kuwait and Gulf Link Transport Co's Days Inventory falls into.

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Kuwait and Gulf Link Transport Co Days Inventory Calculation

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

Kuwait and Gulf Link Transport 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
=	( (20.204	+	22.913)	/	2 )	/	102.573	*	365
=	21.5585					/	102.573	*	365
=	76.71

Kuwait and Gulf Link Transport Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (27.191	+	26.202)	/	2 )	/	24.169	*	365 / 4
=	26.6965					/	24.169	*	365 / 4
=	100.79

Kuwait and Gulf Link Transport Co (KUW:KGL) 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 and Gulf Link Transport Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.169	/	26.6965
	=	0.91

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 and Gulf Link Transport Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.6965	/	25.976
	=	1.03

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 and Gulf Link Transport Co Days Inventory Related Terms

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

Kuwait and Gulf Link Transport Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kuwait and Gulf Link Transport Co (KUW:KGL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq, Dasman Complex, Block 2, P.O. Box 22351, 9th Floor, Safat, Kuwait, KWT, 13084

Website

http://www.kgl.com

Kuwait and Gulf Link Transport Co are engaged in the logistics and land transportation business. The company's activities include general cargo and stevedoring services at seaports, container terminal operations, general cargo transport, and handling services, container transport, and handling services, heavy equipment lease services, heavy-lift transport services, fuel haulage services, municipal service, and cleaning services. Its operating segment includes Transportation; Logistics services; Rental & leasing services and others. The company generates maximum revenue from the Logistics services segment.

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