Arabian Drilling Co (SAU:2381) Days Inventory : 38.58 (As of Mar. 2024)

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What is Arabian Drilling Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arabian Drilling Co's Average Total Inventories for the three months ended in Mar. 2024 was ﷼295 Mil. Arabian Drilling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼698 Mil. Hence, Arabian Drilling Co's Days Inventory for the three months ended in Mar. 2024 was 38.58.

The historical rank and industry rank for Arabian Drilling Co's Days Inventory or its related term are showing as below:

SAU:2381' s Days Inventory Range Over the Past 10 Years
Min: 30.31 Med: 30.36 Max: 38.1
Current: 38.1

During the past 3 years, Arabian Drilling Co's highest Days Inventory was 38.10. The lowest was 30.31. And the median was 30.36.

SAU:2381's Days Inventory is ranked worse than
55.87% of 732 companies
in the Oil & Gas industry
Industry Median: 31.94 vs SAU:2381: 38.10

Arabian Drilling Co's Days Inventory increased from Mar. 2023 (30.80) to Mar. 2024 (38.58). It might indicate that Arabian Drilling Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arabian Drilling Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.37.

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. Arabian Drilling Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.31.

Arabian Drilling Co Days Inventory Historical Data

The historical data trend for Arabian Drilling Co'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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Arabian Drilling Co Days Inventory Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

30.36

30.31

33.01

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial						30.80	38.49	39.63	37.49	38.58

Competitive Comparison of Arabian Drilling Co's Days Inventory

For the Oil & Gas Drilling subindustry, Arabian Drilling Co'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.

Arabian Drilling Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Drilling Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arabian Drilling Co's Days Inventory falls into.

Arabian Drilling Co Days Inventory Calculation

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

Arabian Drilling Co'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
=	( (172.541	+	279.741)	/	2 )	/	2500.62	*	365
=	226.141					/	2500.62	*	365
=	33.01

Arabian Drilling Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (279.741	+	310.417)	/	2 )	/	697.935	*	365 / 4
=	295.079					/	697.935	*	365 / 4
=	38.58

Arabian Drilling Co (SAU:2381) 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.

Arabian Drilling Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	697.935	/	295.079
	=	2.37

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.

Arabian Drilling Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	295.079	/	966.665
	=	0.31

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.

Arabian Drilling Co Days Inventory Related Terms

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Arabian Drilling Co (SAU:2381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

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