Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Days Inventory : 13.65 (As of Sep. 2023)

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What is Afaq Holding for Investment & Real Estate Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afaq Holding for Investment & Real Estate Development Co's Average Total Inventories for the three months ended in Sep. 2023 was JOD2.02 Mil. Afaq Holding for Investment & Real Estate Development Co's Cost of Goods Sold for the three months ended in Sep. 2023 was JOD13.51 Mil. Hence, Afaq Holding for Investment & Real Estate Development Co's Days Inventory for the three months ended in Sep. 2023 was 13.65.

The historical rank and industry rank for Afaq Holding for Investment & Real Estate Development Co's Days Inventory or its related term are showing as below:

AMM:MANR' s Days Inventory Range Over the Past 10 Years
Min: 13.17 Med: 20.94 Max: 37.79
Current: 13.68

During the past 13 years, Afaq Holding for Investment & Real Estate Development Co's highest Days Inventory was 37.79. The lowest was 13.17. And the median was 20.94.

AMM:MANR's Days Inventory is ranked better than
95.92% of 368 companies
in the Building Materials industry
Industry Median: 83.675 vs AMM:MANR: 13.68

Afaq Holding for Investment & Real Estate Development Co's Days Inventory increased from Sep. 2022 (13.14) to Sep. 2023 (13.65). It might indicate that Afaq Holding for Investment & Real Estate Development Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Afaq Holding for Investment & Real Estate Development Co's Inventory Turnover for the three months ended in Sep. 2023 was 6.68.

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. Afaq Holding for Investment & Real Estate Development Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.14.

Afaq Holding for Investment & Real Estate Development Co Days Inventory Historical Data

The historical data trend for Afaq Holding for Investment & Real Estate Development 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.

* Premium members only.

Afaq Holding for Investment & Real Estate Development Co Days Inventory Chart

Afaq Holding for Investment & Real Estate Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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37.79

14.86

21.63

15.75

13.17

Afaq Holding for Investment & Real Estate Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															13.14	13.39	-	-	13.65

Competitive Comparison of Afaq Holding for Investment & Real Estate Development Co's Days Inventory

For the Building Materials subindustry, Afaq Holding for Investment & Real Estate Development 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.

Afaq Holding for Investment & Real Estate Development Co's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afaq Holding for Investment & Real Estate Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Afaq Holding for Investment & Real Estate Development Co's Days Inventory falls into.

Afaq Holding for Investment & Real Estate Development Co Days Inventory Calculation

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

Afaq Holding for Investment & Real Estate Development Co'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
=	( (1.882	+	0)	/	1 )	/	52.177	*	365
=	1.882					/	52.177	*	365
=	13.17

Afaq Holding for Investment & Real Estate Development Co'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
=	( (0	+	2.021)	/	1 )	/	13.509	*	365 / 4
=	2.021					/	13.509	*	365 / 4
=	13.65

Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) 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.

Afaq Holding for Investment & Real Estate Development Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.509	/	2.021
	=	6.68

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.

Afaq Holding for Investment & Real Estate Development Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.021	/	14.53
	=	0.14

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.

Afaq Holding for Investment & Real Estate Development Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Afaq Holding for Investment & Real Estate Development Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afaq Holding for Investment & Real Estate Development Co PLC (AMM:MANR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdullah II Street 302, 8th circle, Amman, JOR, 11623

Website

https://www.manaseergroup.com

Afaq Holding for Investment & Real Estate Development Co PLC is a Jordan based investment company. It is engaged in the management of its subsidiaries; investing its cash in shares, bonds, and securities; lending loans, guarantees, and financing to its subsidiaries; and ownership of patents, trademarks, franchise rights and other tangible rights and the exploitation and leasing to its subsidiaries.

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