Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Days Inventory : 166.26 (As of Mar. 2024)

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What is Gulf Cable & Electrical Industries Co KSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf Cable & Electrical Industries Co KSC's Average Total Inventories for the three months ended in Mar. 2024 was KWD39.69 Mil. Gulf Cable & Electrical Industries Co KSC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD21.78 Mil. Hence, Gulf Cable & Electrical Industries Co KSC's Days Inventory for the three months ended in Mar. 2024 was 166.26.

The historical rank and industry rank for Gulf Cable & Electrical Industries Co KSC's Days Inventory or its related term are showing as below:

KUW:CABLE' s Days Inventory Range Over the Past 10 Years
Min: 147.9 Med: 210.58 Max: 296.02
Current: 157.48

During the past 13 years, Gulf Cable & Electrical Industries Co KSC's highest Days Inventory was 296.02. The lowest was 147.90. And the median was 210.58.

KUW:CABLE's Days Inventory is ranked worse than
64.7% of 2898 companies
in the Industrial Products industry
Industry Median: 121.615 vs KUW:CABLE: 157.48

Gulf Cable & Electrical Industries Co KSC's Days Inventory increased from Mar. 2023 (122.28) to Mar. 2024 (166.26). It might indicate that Gulf Cable & Electrical Industries Co KSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf Cable & Electrical Industries Co KSC's Inventory Turnover for the three months ended in Mar. 2024 was 0.55.

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. Gulf Cable & Electrical Industries Co KSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.61.

Gulf Cable & Electrical Industries Co KSC Days Inventory Historical Data

The historical data trend for Gulf Cable & Electrical Industries Co KSC'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.

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Gulf Cable & Electrical Industries Co KSC Days Inventory Chart

Gulf Cable & Electrical Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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217.23

205.12

254.22

147.90

154.39

Gulf Cable & Electrical Industries Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															122.28	140.06	156.96	162.47	166.26

Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Days Inventory

For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical Industries Co KSC'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.

Gulf Cable & Electrical Industries Co KSC's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Days Inventory falls into.

Gulf Cable & Electrical Industries Co KSC Days Inventory Calculation

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

Gulf Cable & Electrical Industries Co KSC'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
=	( (37.385	+	37.937)	/	2 )	/	89.035	*	365
=	37.661					/	89.035	*	365
=	154.39

Gulf Cable & Electrical Industries Co KSC's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (37.937	+	41.443)	/	2 )	/	21.784	*	365 / 4
=	39.69					/	21.784	*	365 / 4
=	166.26

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) 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.

Gulf Cable & Electrical Industries Co KSC's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.784	/	39.69
	=	0.55

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.

Gulf Cable & Electrical Industries Co KSC's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.69	/	24.622
	=	1.61

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.

Gulf Cable & Electrical Industries Co KSC Days Inventory Related Terms

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

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012

Website

https://www.gulfcable.com

Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

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