Kitwave Group (LSE:KITW) Days Inventory : 29.11 (As of Oct. 2023)

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What is Kitwave Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kitwave Group's Average Total Inventories for the six months ended in Oct. 2023 was £40.6 Mil. Kitwave Group's Cost of Goods Sold for the six months ended in Oct. 2023 was £254.5 Mil. Hence, Kitwave Group's Days Inventory for the six months ended in Oct. 2023 was 29.11.

The historical rank and industry rank for Kitwave Group's Days Inventory or its related term are showing as below:

LSE:KITW' s Days Inventory Range Over the Past 10 Years
Min: 26.11 Med: 34.3 Max: 40.35
Current: 29.25

During the past 5 years, Kitwave Group's highest Days Inventory was 40.35. The lowest was 26.11. And the median was 34.30.

LSE:KITW's Days Inventory is ranked better than
60.07% of 303 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs LSE:KITW: 29.25

Kitwave Group's Days Inventory declined from Oct. 2022 (29.51) to Oct. 2023 (29.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kitwave Group's Inventory Turnover for the six months ended in Oct. 2023 was 6.27.

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. Kitwave Group's Inventory-to-Revenue for the six months ended in Oct. 2023 was 0.12.

Kitwave Group Days Inventory Historical Data

The historical data trend for Kitwave Group'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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Kitwave Group Days Inventory Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Days Inventory

40.35

38.60

34.30

26.38

26.11

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Inventory	Get a 7-Day Free Trial			28.15	33.49	29.51	32.85	29.11

Competitive Comparison of Kitwave Group's Days Inventory

For the Food Distribution subindustry, Kitwave Group'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.

Kitwave Group's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kitwave Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kitwave Group's Days Inventory falls into.

Kitwave Group Days Inventory Calculation

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

Kitwave Group's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (31.846	+	35.41)	/	2 )	/	470.095	*	365
=	33.628					/	470.095	*	365
=	26.11

Kitwave Group's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (45.769	+	35.41)	/	2 )	/	254.474	*	365 / 2
=	40.5895					/	254.474	*	365 / 2
=	29.11

Kitwave Group (LSE:KITW) 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.

Kitwave Group's Inventory Turnover for the six months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	254.474	/	40.5895
	=	6.27

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.

Kitwave Group's Inventory to Revenue for the six months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.5895	/	327.27
	=	0.12

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.

Kitwave Group Days Inventory Related Terms

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

Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

Kitwave Group (LSE:KITW) Headlines

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