National Industries Group HoldingK (KUW:NIND) Days Inventory : 138.48 (As of Mar. 2024)

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What is National Industries Group HoldingK Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Industries Group HoldingK's Average Total Inventories for the three months ended in Mar. 2024 was KWD46.7 Mil. National Industries Group HoldingK's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD30.8 Mil. Hence, National Industries Group HoldingK's Days Inventory for the three months ended in Mar. 2024 was 138.48.

The historical rank and industry rank for National Industries Group HoldingK's Days Inventory or its related term are showing as below:

KUW:NIND' s Days Inventory Range Over the Past 10 Years
Min: 112.42 Med: 134.27 Max: 147.94
Current: 139.31

During the past 13 years, National Industries Group HoldingK's highest Days Inventory was 147.94. The lowest was 112.42. And the median was 134.27.

KUW:NIND's Days Inventory is ranked worse than
74.78% of 452 companies
in the Conglomerates industry
Industry Median: 75.05 vs KUW:NIND: 139.31

National Industries Group HoldingK's Days Inventory increased from Mar. 2023 (122.82) to Mar. 2024 (138.48). It might indicate that National Industries Group HoldingK's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Industries Group HoldingK's Inventory Turnover for the three months ended in Mar. 2024 was 0.66.

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. National Industries Group HoldingK's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.16.

National Industries Group HoldingK Days Inventory Historical Data

The historical data trend for National Industries Group HoldingK'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.

National Industries Group HoldingK Days Inventory Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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120.29

140.97

147.94

140.24

138.76

National Industries Group HoldingK 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															122.82	138.07	137.55	145.29	138.48

Competitive Comparison of National Industries Group HoldingK's Days Inventory

For the Conglomerates subindustry, National Industries Group HoldingK'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.

National Industries Group HoldingK's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Industries Group HoldingK's Days Inventory falls into.

National Industries Group HoldingK Days Inventory Calculation

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

National Industries Group HoldingK'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
=	( (41.106	+	47.18)	/	2 )	/	116.112	*	365
=	44.143					/	116.112	*	365
=	138.76

National Industries Group HoldingK'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
=	( (47.18	+	46.259)	/	2 )	/	30.786	*	365 / 4
=	46.7195					/	30.786	*	365 / 4
=	138.48

National Industries Group HoldingK (KUW:NIND) 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.

National Industries Group HoldingK's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.786	/	46.7195
	=	0.66

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.

National Industries Group HoldingK's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.7195	/	40.437
	=	1.16

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.

National Industries Group HoldingK Days Inventory Related Terms

Thank you for viewing the detailed overview of National Industries Group HoldingK's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

National Industries Group HoldingK (KUW:NIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (KUW:NIND) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NIND:United Arab Emirates

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and shares, building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate infrastructure and financial services. The company has four segments: Investments, Building materials, Specialist engineering and chemical and Hotel and IT services. Geographically, it generates majority revenue from the Kuwait region.

National Industries Group HoldingK (KUW:NIND) Headlines

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