Afric Industries (CAS:AFI) Days Inventory : 169.23 (As of Dec. 2023)

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What is Afric Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afric Industries's Average Total Inventories for the six months ended in Dec. 2023 was MAD12.71 Mil. Afric Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD13.71 Mil. Hence, Afric Industries's Days Inventory for the six months ended in Dec. 2023 was 169.23.

The historical rank and industry rank for Afric Industries's Days Inventory or its related term are showing as below:

CAS:AFI' s Days Inventory Range Over the Past 10 Years
Min: 163.46 Med: 239.55 Max: 299.22
Current: 235.97

During the past 8 years, Afric Industries's highest Days Inventory was 299.22. The lowest was 163.46. And the median was 239.55.

CAS:AFI's Days Inventory is ranked worse than
89.71% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.19 vs CAS:AFI: 235.97

Afric Industries's Days Inventory declined from Dec. 2022 (363.44) to Dec. 2023 (169.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Afric Industries's Inventory Turnover for the six months ended in Dec. 2023 was 1.08.

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. Afric Industries's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.52.

Afric Industries Days Inventory Historical Data

The historical data trend for Afric Industries'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.

Afric Industries Days Inventory Chart

Afric Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

242.25

198.41

163.46

299.22

239.55

Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													183.27	279.79	363.44	320.20	169.23

Competitive Comparison of Afric Industries's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.

Afric Industries's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Afric Industries's Days Inventory falls into.

Afric Industries Days Inventory Calculation

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

Afric Industries'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
=	( (21.237	+	10.344)	/	2 )	/	24.06	*	365
=	15.7905					/	24.06	*	365
=	239.55

Afric Industries's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.082	+	10.344)	/	2 )	/	13.71	*	365 / 2
=	12.713					/	13.71	*	365 / 2
=	169.23

Afric Industries (CAS:AFI) 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.

Afric Industries's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.71	/	12.713
	=	1.08

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.

Afric Industries's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.713	/	24.323
	=	0.52

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.

Afric Industries Days Inventory Related Terms

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

Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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