Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Inventory Turnover : 0.87 (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Burgan Company for Well Drilling Trading and MaintenanceK's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD11.18 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Average Total Inventories for the quarter that ended in Dec. 2023 was KWD12.79 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory for the three months ended in Dec. 2023 was 104.35.

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. Burgan Company for Well Drilling Trading and MaintenanceK's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.00.

Burgan Company for Well Drilling Trading and MaintenanceK Inventory Turnover Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover 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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Burgan Company for Well Drilling Trading and MaintenanceK Inventory Turnover Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.79

3.19

3.22

3.08

3.34

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.79	0.96	0.80	0.76	0.87

Burgan Company for Well Drilling Trading and MaintenanceK Inventory Turnover Calculation

Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	48.002	/ (	(15.563	+	13.2)	/	2 )
=	48.002	/	14.3815
=	3.34

Burgan Company for Well Drilling Trading and MaintenanceK's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11.182	/ (	(13.162	+	12.413)	/	2 )
=	11.182	/	12.7875
=	0.87

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Burgan Company for Well Drilling Trading and MaintenanceK's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	12.7875	/	11.182	*	365 / 4
	=	104.35

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.

Burgan Company for Well Drilling Trading and MaintenanceK's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	12.7875	/	12.739
	=	1.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Burgan Company for Well Drilling Trading and MaintenanceK Inventory Turnover Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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