National Petroleum Services Co KSC (KUW:NAPESCO) Total Inventories : KWD5.11 Mil (As of Sep. 2024)

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What is National Petroleum Services Co KSC Total Inventories?

National Petroleum Services Co KSC's total inventories for the quarter that ended in Sep. 2024 was KWD5.11 Mil. National Petroleum Services Co KSC's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was KWD5.14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. National Petroleum Services Co KSC's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was KWD-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Petroleum Services Co KSC's Days Inventory for the three months ended in Sep. 2024 was 67.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Petroleum Services Co KSC's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.34.

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. National Petroleum Services Co KSC's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.49.

National Petroleum Services Co KSC Total Inventories Historical Data

The historical data trend for National Petroleum Services Co KSC's Total Inventories 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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National Petroleum Services Co KSC Total Inventories Chart

National Petroleum Services Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3.94

5.02

4.24

5.48

4.53

National Petroleum Services Co KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															4.46	4.53	5.41	5.17	5.11

National Petroleum Services Co KSC Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

National Petroleum Services Co KSC (KUW:NAPESCO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

National Petroleum Services Co KSC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(18.605	+	0.75 * 7.775	+	0.5 * 5.109	-	13.759
-	0	-	14.957)	/	90.3401
=	-0.02

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

National Petroleum Services Co KSC's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	5.1375	/	6.895	*	365 / 4
	=	67.99

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

National Petroleum Services Co KSC's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	6.895	/	5.1375
	=	1.34

4. 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.

National Petroleum Services Co KSC's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	5.1375	/	10.483
	=	0.49

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

National Petroleum Services Co KSC Total Inventories Related Terms

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National Petroleum Services Co KSC Business Description

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Address

Integration Road MA10 with M6 ?Mina Abdullah, Street 6, P.O. Box 9801, Shuaiba West Industrial Area, Block 3, Plot No. 76, Al-Ahmadi, KWT, 61008

Website

http://www.napesco.com

National Petroleum Services Co KSC provides oilfield services for the oil and gas industry in Kuwait. The company is engaged in carrying out all support services for wells drilling, repairing, and preparation for production as well as wells maintenance related services. It is also engaged in establishing industrial firms for the purpose of manufacturing and producing the equipment and materials needed for well drilling and repair. There are two segments within which the company operates namely oilfield services and non-oilfield services. The majority of the revenue is mainly from Oil field contracts that include Pumping services, and then Non- oil field contracts that involve supply power and environment, safety services.

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