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Acico Industries Co KSCC (KUW:ACICO) Days Inventory : 367.53 (As of Dec. 2023)


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What is Acico Industries Co KSCC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acico Industries Co KSCC's Average Total Inventories for the three months ended in Dec. 2023 was KWD25.10 Mil. Acico Industries Co KSCC's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD6.23 Mil. Hence, Acico Industries Co KSCC's Days Inventory for the three months ended in Dec. 2023 was 367.53.

The historical rank and industry rank for Acico Industries Co KSCC's Days Inventory or its related term are showing as below:

KUW:ACICO' s Days Inventory Range Over the Past 10 Years
Min: 59.88   Med: 167.97   Max: 1029.07
Current: 166.6

During the past 13 years, Acico Industries Co KSCC's highest Days Inventory was 1029.07. The lowest was 59.88. And the median was 167.97.

KUW:ACICO's Days Inventory is not ranked
in the Building Materials industry.
Industry Median: 84.67 vs KUW:ACICO: 166.60

Acico Industries Co KSCC's Days Inventory increased from Dec. 2022 (49.45) to Dec. 2023 (367.53). It might indicate that Acico Industries Co KSCC's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acico Industries Co KSCC's Inventory Turnover for the three months ended in Dec. 2023 was 0.25.

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. Acico Industries Co KSCC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.09.


Acico Industries Co KSCC Days Inventory Historical Data

The historical data trend for Acico Industries Co KSCC's Days Inventory 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.

Acico Industries Co KSCC Days Inventory Chart

Acico Industries Co KSCC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 396.22 179.78 165.48 86.67 155.42

Acico Industries Co KSCC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.45 87.35 166.79 187.09 367.53

Competitive Comparison of Acico Industries Co KSCC's Days Inventory

For the Building Materials subindustry, Acico Industries Co KSCC's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Acico Industries Co KSCC's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Acico Industries Co KSCC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Acico Industries Co KSCC's Days Inventory falls into.



Acico Industries Co KSCC Days Inventory Calculation

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

Acico Industries Co KSCC's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (16.718 + 23.956) / 2 ) / 47.76*365
=20.337 / 47.76*365
=155.42

Acico Industries Co KSCC's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (26.253 + 23.956) / 2 ) / 6.233*365 / 4
=25.1045 / 6.233*365 / 4
=367.53

* 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.


Acico Industries Co KSCC  (KUW:ACICO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Acico Industries Co KSCC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Acico Industries Co KSCC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Acico Industries Co KSCC Days Inventory Related Terms

Thank you for viewing the detailed overview of Acico Industries Co KSCC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Acico Industries Co KSCC (KUW:ACICO) Business Description

Traded in Other Exchanges
N/A
Address
Sharq, Al - Hamra Business Tower, P.O. Box 24079, 34th floor, Safat, Kuwait, KWT, 13101
Acico Industries Co KSCC manufactures and supplies building materials. The company manufactures all types and sizes of aerated concrete and non-concrete and all its construction requirements, import, and export of all building materials. It manufactures blocks, lintels, slabs, and reinforced structural components. In addition, the company also deals in real estate, dealing in shares and bonds. Its segments consist of Real Estate, Contracting, and Industrial.

Acico Industries Co KSCC (KUW:ACICO) Headlines

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