National Real Estate Co KSC (KUW:NRE) Days Inventory : 603.21 (As of Mar. 2024)

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What is National Real Estate Co KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Real Estate Co KSC's Average Total Inventories for the three months ended in Mar. 2024 was KWD3.89 Mil. National Real Estate Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.59 Mil. Hence, National Real Estate Co KSC's Days Inventory for the three months ended in Mar. 2024 was 603.21.

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

KUW:NRE' s Days Inventory Range Over the Past 10 Years
Min: 122.91 Med: 417.75 Max: 1599.71
Current: 324.46

During the past 13 years, National Real Estate Co KSC's highest Days Inventory was 1599.71. The lowest was 122.91. And the median was 417.75.

KUW:NRE's Days Inventory is ranked better than
67.6% of 1318 companies
in the Real Estate industry
Industry Median: 699.07 vs KUW:NRE: 324.46

National Real Estate Co KSC's Days Inventory increased from Mar. 2023 (273.85) to Mar. 2024 (603.21). It might indicate that National Real Estate Co KSC's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Real Estate Co KSC's Inventory Turnover for the three months ended in Mar. 2024 was 0.15.

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 Real Estate Co KSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.66.

National Real Estate Co KSC Days Inventory Historical Data

The historical data trend for National Real Estate 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.

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National Real Estate Co KSC Days Inventory Chart

National Real Estate Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,483.33

1,599.71

122.91

136.93

283.09

National Real Estate 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															273.85	303.64	252.36	300.59	603.21

Competitive Comparison of National Real Estate Co KSC's Days Inventory

For the Real Estate - Development subindustry, National Real Estate 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.

National Real Estate Co KSC's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, National Real Estate Co KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Real Estate Co KSC's Days Inventory falls into.

National Real Estate Co KSC Days Inventory Calculation

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

National Real Estate 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
=	( (4.109	+	3.982)	/	2 )	/	5.216	*	365
=	4.0455					/	5.216	*	365
=	283.09

National Real Estate 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
=	( (3.982	+	3.792)	/	2 )	/	0.588	*	365 / 4
=	3.887					/	0.588	*	365 / 4
=	603.21

National Real Estate Co KSC (KUW:NRE) 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 Real Estate 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
	=	0.588	/	3.887
	=	0.15

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.887	/	1.462
	=	2.66

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 Real Estate Co KSC Days Inventory Related Terms

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

National Real Estate Co KSC (KUW:NRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » National Real Estate Co KSC (KUW:NRE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087

Website

http://www.nrec.com.kw

National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment which consists of investment in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.