Automated Systems Company (K.S.C.C) (KUW:ASC) Inventory Turnover : 0.87 (As of Dec. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Automated Systems Company (K.S.C.C) 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. Automated Systems Company (K.S.C.C)'s Cost of Goods Sold for the three months ended in Dec. 2024 was KWD1.23 Mil. Automated Systems Company (K.S.C.C)'s Average Total Inventories for the quarter that ended in Dec. 2024 was KWD1.42 Mil. Automated Systems Company (K.S.C.C)'s Inventory Turnover for the quarter that ended in Dec. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Automated Systems Company (K.S.C.C)'s Days Inventory for the three months ended in Dec. 2024 was 105.18.

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. Automated Systems Company (K.S.C.C)'s Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.02.

Automated Systems Company (K.S.C.C) Inventory Turnover Historical Data

The historical data trend for Automated Systems Company (K.S.C.C)'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.

* Premium members only.

Automated Systems Company (K.S.C.C) Inventory Turnover Chart

Automated Systems Company (K.S.C.C) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

18.49

11.24

11.66

2.54

Automated Systems Company (K.S.C.C) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															6.30	5.23	4.36	1.11	0.87

Automated Systems Company (K.S.C.C) Inventory Turnover Calculation

Automated Systems Company (K.S.C.C)'s Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3.817	/ (	(0	+	1.503)	/	1 )
=	3.817	/	1.503
=	2.54

Automated Systems Company (K.S.C.C)'s Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1.228	/ (	(1.328	+	1.503)	/	2 )
=	1.228	/	1.4155
=	0.87

Automated Systems Company (K.S.C.C) (KUW:ASC) 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.

Automated Systems Company (K.S.C.C)'s Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.4155	/	1.228	*	365 / 4
	=	105.18

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.

Automated Systems Company (K.S.C.C)'s Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.4155	/	1.389
	=	1.02

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.

Automated Systems Company (K.S.C.C) Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Automated Systems Company (K.S.C.C)'s Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Automated Systems Company (K.S.C.C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Automated Systems Company Ltd (K.S.C.C) (KUW:ASC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free zone, Future Area, P.O.Box 27159, Plot No. 28B / 29B, Safat, Kuwait, KWT, 13132

Website

http://www.asc-me.net

Automated Systems Company Ltd (K.S.C.C) operates in the IT (information technology) sector. It provides full end-to-end solution starting from cabling and network infrastructure up to the level of enterprise resource planning (ERP) implementation through specialized engineers. Its business activities are divided into three divisions including Global Distribution Systems, Services & Solutions and Engineering Solutions. The company offers various services including systems integration, in-house developed application and mobility solutions, IT managed services, consulting services, cloud computing, among others.