Kings Entertainment Group (XCNQ:JKPT) Days Inventory : 0.00 (As of Sep. 2023)

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What is Kings Entertainment Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kings Entertainment Group's Average Total Inventories for the three months ended in Sep. 2023 was C$0.00 Mil. Kings Entertainment Group's Cost of Goods Sold for the three months ended in Sep. 2023 was C$1.00 Mil. Hence, Kings Entertainment Group's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

XCNQ:JKPT's Days Inventory is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 34.53
* Ranked among companies with meaningful Days Inventory only.

Kings Entertainment Group's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Kings Entertainment Group's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

Kings Entertainment Group Days Inventory Historical Data

The historical data trend for Kings Entertainment Group'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.

Kings Entertainment Group Days Inventory Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

Kings Entertainment Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Kings Entertainment Group's Days Inventory

For the Gambling subindustry, Kings Entertainment Group'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.

Kings Entertainment Group's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kings Entertainment Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kings Entertainment Group's Days Inventory falls into.

Kings Entertainment Group Days Inventory Calculation

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

Kings Entertainment Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.528	*	365
=	0					/	2.528	*	365
=	0.00

Kings Entertainment Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1	*	365 / 4
=	0					/	1	*	365 / 4
=	0.00

Kings Entertainment Group (XCNQ:JKPT) 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.

Kings Entertainment Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1	/	0
	=

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.

Kings Entertainment Group's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.272
	=	0.00

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.

Kings Entertainment Group Days Inventory Related Terms

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

Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kings Entertainment Group Inc (XCNQ:JKPT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

Kings Entertainment Group (XCNQ:JKPT) Headlines

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