Palms Agro Production Co (KUW:PAPCO) Inventory Turnover : 1.74 (As of Dec. 2024)

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What is Palms Agro Production Co 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. Palms Agro Production Co's Cost of Goods Sold for the three months ended in Dec. 2024 was KWD2.38 Mil. Palms Agro Production Co's Average Total Inventories for the quarter that ended in Dec. 2024 was KWD1.37 Mil. Palms Agro Production Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Palms Agro Production Co's Days Inventory for the three months ended in Dec. 2024 was 52.59.

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. Palms Agro Production Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.47.

Palms Agro Production Co Inventory Turnover Historical Data

The historical data trend for Palms Agro Production Co'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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Palms Agro Production Co Inventory Turnover Chart

Palms Agro Production Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.07

1.28

1.17

1.95

4.85

Palms Agro Production Co 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															0.68	0.51	0.46	2.14	1.74

Palms Agro Production Co Inventory Turnover Calculation

Palms Agro Production Co'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 )
=	6.548	/ (	(1.323	+	1.375)	/	2 )
=	6.548	/	1.349
=	4.85

Palms Agro Production Co'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 )
=	2.379	/ (	(1.367	+	1.375)	/	2 )
=	2.379	/	1.371
=	1.74

Palms Agro Production Co (KUW:PAPCO) 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.

Palms Agro Production Co'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
	=	1.371	/	2.379	*	365 / 4
	=	52.59

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.

Palms Agro Production Co'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 )
	=	1.371	/	2.943
	=	0.47

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.

Palms Agro Production Co Inventory Turnover Related Terms

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Palms Agro Production Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Palms Agro Production Co (KUW:PAPCO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Al Rai- Fourth Ring Road, P.O Box: 1976, Block 56, Safat, Kuwait, KWT, 13020

Website

https://www.palms-kw.com

Palms Agro Production Co is engaged in the business of import and export of agricultural supplies, management of nurseries and farms and reclamation and developing of agricultural land among other businesses. It operates in Commercial, Projects, and Investment segments. The Commercial segment includes the production and sale of nurseries and ornamental plants. The Project segment provides gardening and maintenance services. The investment in an associate, term deposits and equity securities. Majority of the revenue comes from Commercial segment.

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