Senergy Holding Co KSCP (KUW:SENERGY) Inventory Turnover : 1.32 (As of Mar. 2024)

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What is Senergy Holding Co KSCP 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. Senergy Holding Co KSCP's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD0.85 Mil. Senergy Holding Co KSCP's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD0.64 Mil. Senergy Holding Co KSCP's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Senergy Holding Co KSCP's Days Inventory for the three months ended in Mar. 2024 was 68.95.

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. Senergy Holding Co KSCP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

Senergy Holding Co KSCP Inventory Turnover Historical Data

The historical data trend for Senergy Holding Co KSCP'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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Senergy Holding Co KSCP Inventory Turnover Chart

Senergy Holding Co KSCP Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.75

4.87

2.98

3.47

4.44

Senergy Holding Co KSCP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.81	0.90	1.31	1.25	1.32

Senergy Holding Co KSCP Inventory Turnover Calculation

Senergy Holding Co KSCP's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2.879	/ (	(0.621	+	0.675)	/	2 )
=	2.879	/	0.648
=	4.44

Senergy Holding Co KSCP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.849	/ (	(0.675	+	0.608)	/	2 )
=	0.849	/	0.6415
=	1.32

Senergy Holding Co KSCP (KUW:SENERGY) 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.

Senergy Holding Co KSCP's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.6415	/	0.849	*	365 / 4
	=	68.95

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.

Senergy Holding Co KSCP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.6415	/	0.9
	=	0.71

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.

Senergy Holding Co KSCP Inventory Turnover Related Terms

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Senergy Holding Co KSCP (KUW:SENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Senergy Holding Co KSCP (KUW:SENERGY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

East Ahmadi, P.O. Box 9920, Block 8, Plot 42, Senergy Complex, Mezzanine, Kuwait, KWT, 61010

Website

https://www.senergyholding.com

Senergy Holding Co KSCP is involved in providing oilfield services at different stages of the field development cycle. Its products and services include wireline and production logging, drilling services, perforating, well testing, slickline, and well stimulation among others.

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