Independent Petroleum Group KSCP (KUW:IPG) Inventory Turnover : 10.44 (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Independent Petroleum Group KSCP 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. Independent Petroleum Group KSCP's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD341 Mil. Independent Petroleum Group KSCP's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD33 Mil. Independent Petroleum Group KSCP's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Independent Petroleum Group KSCP's Days Inventory for the three months ended in Mar. 2024 was 8.74.

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. Independent Petroleum Group KSCP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Independent Petroleum Group KSCP Inventory Turnover Historical Data

The historical data trend for Independent Petroleum Group KSCP'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.

* Premium members only.

Independent Petroleum Group KSCP Inventory Turnover Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

21.97

21.06

26.13

31.63

26.58

Independent Petroleum Group KSCP 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															4.57	2.83	3.85	6.53	10.44

Independent Petroleum Group KSCP Inventory Turnover Calculation

Independent Petroleum Group KSCP'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 )
=	1049.408	/ (	(51.741	+	27.236)	/	2 )
=	1049.408	/	39.4885
=	26.58

Independent Petroleum Group KSCP'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 )
=	341.448	/ (	(27.236	+	38.179)	/	2 )
=	341.448	/	32.7075
=	10.44

Independent Petroleum Group KSCP (KUW:IPG) 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.

Independent Petroleum Group KSCP'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
	=	32.7075	/	341.448	*	365 / 4
	=	8.74

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.

Independent Petroleum Group KSCP'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 )
	=	32.7075	/	347.723
	=	0.09

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.

Independent Petroleum Group KSCP Inventory Turnover Related Terms

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

Independent Petroleum Group KSCP (KUW:IPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.