Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Inventory Turnover : 2.79 (As of Mar. 2024)

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What is Future Kid Entertainment and Real Estate Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Future Kid Entertainment and Real Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.34 Mil. Future Kid Entertainment and Real Estate Co's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD0.48 Mil. Future Kid Entertainment and Real Estate Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Future Kid Entertainment and Real Estate Co's Days Inventory for the three months ended in Mar. 2024 was 32.71.

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. Future Kid Entertainment and Real Estate Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Future Kid Entertainment and Real Estate Co Inventory Turnover Historical Data

The historical data trend for Future Kid Entertainment and Real Estate Co's Inventory Turnover 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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Future Kid Entertainment and Real Estate Co Inventory Turnover Chart

Future Kid Entertainment and Real Estate Co Annual Data

Trend

Dec10

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.04

13.19

11.29

10.44

10.36

Future Kid Entertainment and Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.24	2.85	2.96	2.47	2.79

Future Kid Entertainment and Real Estate Co Inventory Turnover Calculation

Future Kid Entertainment and Real Estate Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5.209	/ (	(0.514	+	0.492)	/	2 )
=	5.209	/	0.503
=	10.36

Future Kid Entertainment and Real Estate Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.342	/ (	(0.492	+	0.47)	/	2 )
=	1.342	/	0.481
=	2.79

Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Future Kid Entertainment and Real Estate Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.481	/	1.342	*	365 / 4
	=	32.71

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.

Future Kid Entertainment and Real Estate Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.481	/	1.312
	=	0.37

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Future Kid Entertainment and Real Estate Co Inventory Turnover Related Terms

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Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Free Zone Area, Futur Ara, Block D20, P.O. Box 4277, Al-Safat, KWT, 13043

Website

https://www.futurekid.com.kw

Future Kid Entertainment and Real Estate Co operates and manages family entertainment centers in Kuwait. It provides recreational services for kids and families. It also operates entertainment complexes which include facilities like games & aqua parks. It also engages in the acquisition, development, and sale of real estate and lands. It derives revenue from customer charges and game cards used for games available in different branches.

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