Afriquia Gaz (CAS:GAZ) Days Inventory : 31.67 (As of Dec. 2023)

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What is Afriquia Gaz Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afriquia Gaz's Average Total Inventories for the six months ended in Dec. 2023 was MAD477 Mil. Afriquia Gaz's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD2,749 Mil. Hence, Afriquia Gaz's Days Inventory for the six months ended in Dec. 2023 was 31.67.

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

CAS:GAZ' s Days Inventory Range Over the Past 10 Years
Min: 18.62 Med: 34.21 Max: 37.33
Current: 34.15

During the past 13 years, Afriquia Gaz's highest Days Inventory was 37.33. The lowest was 18.62. And the median was 34.21.

CAS:GAZ's Days Inventory is ranked worse than
53.09% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs CAS:GAZ: 34.15

Afriquia Gaz's Days Inventory declined from Dec. 2022 (34.72) to Dec. 2023 (31.67).

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. Afriquia Gaz's Inventory Turnover for the six months ended in Dec. 2023 was 5.76.

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. Afriquia Gaz's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.13.

Afriquia Gaz Days Inventory Historical Data

The historical data trend for Afriquia Gaz'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.

Afriquia Gaz Days Inventory Chart

Afriquia Gaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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36.66

32.84

18.62

27.06

36.56

Afriquia Gaz Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															17.29	17.12	34.72	33.93	31.67

Competitive Comparison of Afriquia Gaz's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz'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.

Afriquia Gaz's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Afriquia Gaz's Days Inventory falls into.

Afriquia Gaz Days Inventory Calculation

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

Afriquia Gaz'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
=	( (806.382	+	450.286)	/	2 )	/	6272.711	*	365
=	628.334					/	6272.711	*	365
=	36.56

Afriquia Gaz'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
=	( (503.759	+	450.286)	/	2 )	/	2748.906	*	365 / 2
=	477.0225					/	2748.906	*	365 / 2
=	31.67

Afriquia Gaz (CAS:GAZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2748.906	/	477.0225
	=	5.76

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	477.0225	/	3806.247
	=	0.13

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.

Afriquia Gaz Days Inventory Related Terms

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

Afriquia Gaz (CAS:GAZ) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

139 Boulevard Moulay Ismail, Casablanca, MAR, 20700

Website

http://www.afriquiagaz.com

Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.