Ghitha Holding PJSC (ADX:GHITHA) Days Inventory : 38.29 (As of Sep. 2023)

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What is Ghitha Holding PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ghitha Holding PJSC's Average Total Inventories for the three months ended in Sep. 2023 was د.إ432 Mil. Ghitha Holding PJSC's Cost of Goods Sold for the three months ended in Sep. 2023 was د.إ1,030 Mil. Hence, Ghitha Holding PJSC's Days Inventory for the three months ended in Sep. 2023 was 38.29.

The historical rank and industry rank for Ghitha Holding PJSC's Days Inventory or its related term are showing as below:

ADX:GHITHA' s Days Inventory Range Over the Past 10 Years
Min: 7.53 Med: 21.76 Max: 46.13
Current: 46.13

During the past 4 years, Ghitha Holding PJSC's highest Days Inventory was 46.13. The lowest was 7.53. And the median was 21.76.

ADX:GHITHA's Days Inventory is ranked worse than
62.25% of 302 companies
in the Retail - Defensive industry
Industry Median: 36.205 vs ADX:GHITHA: 46.13

Ghitha Holding PJSC's Days Inventory increased from Jun. 2022 (33.90) to Sep. 2023 (38.29). It might indicate that Ghitha Holding PJSC'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. Ghitha Holding PJSC's Inventory Turnover for the three months ended in Sep. 2023 was 2.38.

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. Ghitha Holding PJSC's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.35.

Ghitha Holding PJSC Days Inventory Historical Data

The historical data trend for Ghitha Holding PJSC'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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Ghitha Holding PJSC Days Inventory Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

7.53

10.11

35.46

33.40

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial							33.90	40.04	34.32	32.41	38.29

Competitive Comparison of Ghitha Holding PJSC's Days Inventory

For the Food Distribution subindustry, Ghitha Holding PJSC'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.

Ghitha Holding PJSC's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Days Inventory falls into.

Ghitha Holding PJSC Days Inventory Calculation

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

Ghitha Holding PJSC's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (85.122	+	261.682)	/	2 )	/	1895.244	*	365
=	173.402					/	1895.244	*	365
=	33.40

Ghitha Holding PJSC's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (443.808	+	420.67)	/	2 )	/	1030.181	*	365 / 4
=	432.239					/	1030.181	*	365 / 4
=	38.29

Ghitha Holding PJSC (ADX:GHITHA) 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.

Ghitha Holding PJSC's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1030.181	/	432.239
	=	2.38

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.

Ghitha Holding PJSC's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	432.239	/	1244.488
	=	0.35

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.

Ghitha Holding PJSC Days Inventory Related Terms

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

Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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