Mezzan Holding Co KSC (KUW:MEZZAN) Days Inventory : 74.56 (As of Mar. 2024)

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What is Mezzan Holding Co KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mezzan Holding Co KSC's Average Total Inventories for the three months ended in Mar. 2024 was KWD54.1 Mil. Mezzan Holding Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD66.2 Mil. Hence, Mezzan Holding Co KSC's Days Inventory for the three months ended in Mar. 2024 was 74.56.

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

KUW:MEZZAN' s Days Inventory Range Over the Past 10 Years
Min: 87.22 Med: 92.33 Max: 102.31
Current: 93.22

During the past 9 years, Mezzan Holding Co KSC's highest Days Inventory was 102.31. The lowest was 87.22. And the median was 92.33.

KUW:MEZZAN's Days Inventory is ranked worse than
56.28% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 83.4 vs KUW:MEZZAN: 93.22

Mezzan Holding Co KSC's Days Inventory declined from Mar. 2023 (83.37) to Mar. 2024 (74.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mezzan Holding Co KSC's Inventory Turnover for the three months ended in Mar. 2024 was 1.22.

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. Mezzan Holding Co KSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.63.

Mezzan Holding Co KSC Days Inventory Historical Data

The historical data trend for Mezzan Holding Co 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.

Mezzan Holding Co KSC Days Inventory Chart

Mezzan Holding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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91.69

93.95

99.52

102.31

101.88

Mezzan Holding Co 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															83.37	104.09	98.70	105.68	74.56

Competitive Comparison of Mezzan Holding Co KSC's Days Inventory

For the Packaged Foods subindustry, Mezzan Holding Co 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.

Mezzan Holding Co KSC's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mezzan Holding Co KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mezzan Holding Co KSC's Days Inventory falls into.

Mezzan Holding Co KSC Days Inventory Calculation

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

Mezzan Holding Co 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
=	( (59.596	+	57.44)	/	2 )	/	209.645	*	365
=	58.518					/	209.645	*	365
=	101.88

Mezzan Holding Co 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
=	( (57.44	+	50.724)	/	2 )	/	66.185	*	365 / 4
=	54.082					/	66.185	*	365 / 4
=	74.56

Mezzan Holding Co KSC (KUW:MEZZAN) 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.

Mezzan Holding Co KSC's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	66.185	/	54.082
	=	1.22

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54.082	/	85.467
	=	0.63

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.

Mezzan Holding Co KSC Days Inventory Related Terms

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

Mezzan Holding Co KSC (KUW:MEZZAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mezzan Holding Co KSC (KUW:MEZZAN) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Shuwaikh Industrial Area 3, Block 1A, Jassim Al Wazzan Sons Building, P.O Box: 124, Safat, KWT, 13002

Website

https://www.mezzan.com

Mezzan Holding Co KSC is engaged in the manufacturing, sale, and distribution of food and non-food products. It manufactures and distributes chips, snacks, meats, bottled water, and canned foods and is also involved in the catering business, providing meals to corporations, hotels, airlines, industrial sites, and government ministries. It operates in five segments namely: Food; Catering; Services; Fast Moving Consumer Goods, Healthcare Industrial; and Industrial. The firm derives most of its revenue from the Food segment. The company's geographical segments include Kuwait, Saudi Arabia, United Arab Emirates, Qatar, Jordan, Afghanistan, and Iraq.

Mezzan Holding Co KSC (KUW:MEZZAN) Headlines

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