Kardan Israel (XTAE:KRDI) Days Inventory : 163.28 (As of Dec. 2023)

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What is Kardan Israel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kardan Israel's Average Total Inventories for the three months ended in Dec. 2023 was ₪217.4 Mil. Kardan Israel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪121.5 Mil. Hence, Kardan Israel's Days Inventory for the three months ended in Dec. 2023 was 163.28.

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

XTAE:KRDI' s Days Inventory Range Over the Past 10 Years
Min: 113.33 Med: 192.37 Max: 302.45
Current: 151.52

During the past 8 years, Kardan Israel's highest Days Inventory was 302.45. The lowest was 113.33. And the median was 192.37.

XTAE:KRDI's Days Inventory is ranked better than
78.03% of 1329 companies
in the Real Estate industry
Industry Median: 699.45 vs XTAE:KRDI: 151.52

Kardan Israel's Days Inventory declined from Dec. 2022 (178.69) to Dec. 2023 (163.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kardan Israel's Inventory Turnover for the three months ended in Dec. 2023 was 0.56.

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. Kardan Israel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.46.

Kardan Israel Days Inventory Historical Data

The historical data trend for Kardan Israel'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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Kardan Israel Days Inventory Chart

Kardan Israel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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262.40

302.45

192.37

156.06

201.42

Kardan Israel Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															178.69	133.81	132.96	122.29	163.28

Competitive Comparison of Kardan Israel's Days Inventory

For the Real Estate Services subindustry, Kardan Israel'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.

Kardan Israel's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kardan Israel's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kardan Israel's Days Inventory falls into.

Kardan Israel Days Inventory Calculation

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

Kardan Israel'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
=	( (178.046	+	310.465)	/	2 )	/	442.614	*	365
=	244.2555					/	442.614	*	365
=	201.42

Kardan Israel'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
=	( (124.322	+	310.465)	/	2 )	/	121.491	*	365 / 4
=	217.3935					/	121.491	*	365 / 4
=	163.28

Kardan Israel (XTAE:KRDI) 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.

Kardan Israel's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	121.491	/	217.3935
	=	0.56

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.

Kardan Israel's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	217.3935	/	149.169
	=	1.46

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.

Kardan Israel Days Inventory Related Terms

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

Kardan Israel (XTAE:KRDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kardan Israel Ltd (XTAE:KRDI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

154 Menachem Begin Road, Tel Aviv, ISR, 64921

Website

http://www.kardan.com

Kardan Israel Ltd is an investment group. It develops and manages long term cash flow generating assets mainly in real estate, water infrastructure automotive, and high tech/telecom.

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