Combined Group Contracting K C (KUW:CGC) Inventory Turnover : 2.44 (As of Dec. 2024)

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What is Combined Group Contracting K 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. Combined Group Contracting K C's Cost of Goods Sold for the three months ended in Dec. 2024 was KWD39.3 Mil. Combined Group Contracting K C's Average Total Inventories for the quarter that ended in Dec. 2024 was KWD16.1 Mil. Combined Group Contracting K C's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Combined Group Contracting K C's Days Inventory for the three months ended in Dec. 2024 was 37.41.

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. Combined Group Contracting K C's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.34.

Combined Group Contracting K C Inventory Turnover Historical Data

The historical data trend for Combined Group Contracting K 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.

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Combined Group Contracting K C Inventory Turnover Chart

Combined Group Contracting K C Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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8.40

9.67

8.42

7.80

8.31

Combined Group Contracting K 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															1.92	1.83	1.96	2.21	2.44

Combined Group Contracting K C Inventory Turnover Calculation

Combined Group Contracting K 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 )
=	145.947	/ (	(19.794	+	15.317)	/	2 )
=	145.947	/	17.5555
=	8.31

Combined Group Contracting K 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 )
=	39.313	/ (	(16.919	+	15.317)	/	2 )
=	39.313	/	16.118
=	2.44

Combined Group Contracting K C (KUW:CGC) 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.

Combined Group Contracting K 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
	=	16.118	/	39.313	*	365 / 4
	=	37.41

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.

Combined Group Contracting K 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 )
	=	16.118	/	47.36
	=	0.34

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.

Combined Group Contracting K C Inventory Turnover Related Terms

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Combined Group Contracting K C Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, construction works of buildings, ways, and bridges, and managing, and controlling them and their related works and many other activities. The group has the operations in State of Kuwait and the Gulf Countries of which it earns the majority of revenue share from the Kuwait region.