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Tamdeen Real Estate Co KSCC (KUW:TAM) Inventory Turnover : 0.17 (As of Mar. 2024)


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What is Tamdeen Real Estate Co KSCC 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. Tamdeen Real Estate Co KSCC's Cost of Goods Sold for the three months ended in Mar. 2024 was KWD1.76 Mil. Tamdeen Real Estate Co KSCC's Average Total Inventories for the quarter that ended in Mar. 2024 was KWD10.05 Mil. Tamdeen Real Estate Co KSCC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tamdeen Real Estate Co KSCC's Days Inventory for the three months ended in Mar. 2024 was 522.31.

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. Tamdeen Real Estate Co KSCC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.60.


Tamdeen Real Estate Co KSCC Inventory Turnover Historical Data

The historical data trend for Tamdeen Real Estate Co KSCC'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.

Tamdeen Real Estate Co KSCC Inventory Turnover Chart

Tamdeen Real Estate Co KSCC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.09 0.14 0.26 0.44

Tamdeen Real Estate Co KSCC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.10 0.12 0.15 0.17

Tamdeen Real Estate Co KSCC Inventory Turnover Calculation

Tamdeen Real Estate Co KSCC'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 )
=6.481 / ((18.914 + 10.713) / 2 )
=6.481 / 14.8135
=0.44

Tamdeen Real Estate Co KSCC'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 )
=1.755 / ((10.713 + 9.378) / 2 )
=1.755 / 10.0455
=0.17

* 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.


Tamdeen Real Estate Co KSCC  (KUW:TAM) 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.

Tamdeen Real Estate Co KSCC'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
=10.0455/1.755*365 / 4
=522.31

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.

Tamdeen Real Estate Co KSCC'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 )
=10.0455 / 6.292
=1.60

* 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.


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.


Tamdeen Real Estate Co KSCC Inventory Turnover Related Terms

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Tamdeen Real Estate Co KSCC (KUW:TAM) Business Description

Traded in Other Exchanges
N/A
Address
Mall - Sixth Ring Road, South Surra, 360 Complex, P.O. Box 21816, 4th Floor, Block 7, Al-Zahraa District, Safat, Kuwait, KWT, 13079
Tamdeen Real Estate Co KSCC operates as a real estate investment and development company. The business activity of the company includes the development of real estate projects and construction contracts of buildings, managing the properties of others. In addition, the group is also involved in providing consultation services on asset utilization for individual clients, as well as consultation and advisory services on merger and acquisition, and business succession for corporate clients; investment and portfolio management services; and research and analysis services. The company operates in two reportable segments that are the real estate and investment. It generates maximum revenue from Investment segment.

Tamdeen Real Estate Co KSCC (KUW:TAM) Headlines

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