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Auto Nejma (CAS:NEJ) Days Inventory : 150.43 (As of Dec. 2023)


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What is Auto Nejma Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Auto Nejma's Average Total Inventories for the six months ended in Dec. 2023 was MAD753 Mil. Auto Nejma's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD914 Mil. Hence, Auto Nejma's Days Inventory for the six months ended in Dec. 2023 was 150.43.

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

CAS:NEJ' s Days Inventory Range Over the Past 10 Years
Min: 106.68   Med: 123.84   Max: 163.19
Current: 142.65

During the past 13 years, Auto Nejma's highest Days Inventory was 163.19. The lowest was 106.68. And the median was 123.84.

CAS:NEJ's Days Inventory is not ranked
in the Vehicles & Parts industry.
Industry Median: 80.76 vs CAS:NEJ: 142.65

Auto Nejma's Days Inventory increased from Dec. 2022 (94.71) to Dec. 2023 (150.43). It might indicate that Auto Nejma's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Auto Nejma's Inventory Turnover for the six months ended in Dec. 2023 was 1.21.

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. Auto Nejma's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.63.


Auto Nejma Days Inventory Historical Data

The historical data trend for Auto Nejma'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.

Auto Nejma Days Inventory Chart

Auto Nejma Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 123.52 145.79 108.56 107.45 149.66

Auto Nejma 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.55 88.46 94.71 126.89 150.43

Competitive Comparison of Auto Nejma's Days Inventory

For the Auto & Truck Dealerships subindustry, Auto Nejma'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.


Auto Nejma's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Nejma's Days Inventory distribution charts can be found below:

* The bar in red indicates where Auto Nejma's Days Inventory falls into.



Auto Nejma Days Inventory Calculation

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

Auto Nejma'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
=( (550.882 + 888.141) / 2 ) / 1754.766*365
=719.5115 / 1754.766*365
=149.66

Auto Nejma'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
=( (618.44 + 888.141) / 2 ) / 913.874*365 / 2
=753.2905 / 913.874*365 / 2
=150.43

* 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.


Auto Nejma  (CAS:NEJ) 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.

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

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.

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

* 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.


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.


Auto Nejma Days Inventory Related Terms

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


Auto Nejma (CAS:NEJ) Business Description

Traded in Other Exchanges
N/A
Address
Km 10, El Jadida Road, Casablanca, MAR, 20230
Auto Nejma is an automobile distributor in Morocco. The company imports and markets vehicles, spare parts and car accessories. It represents the Mercedes-Benz private and commercial vehicle brands, SsangYong and Mahindra in Morocco.

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