Saudi Basic Industries (SAU:2010) Days Inventory : 56.09 (As of Dec. 2023)

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What is Saudi Basic Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Saudi Basic Industries's Average Total Inventories for the three months ended in Dec. 2023 was ﷼18,718 Mil. Saudi Basic Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼30,455 Mil. Hence, Saudi Basic Industries's Days Inventory for the three months ended in Dec. 2023 was 56.09.

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

SAU:2010' s Days Inventory Range Over the Past 10 Years
Min: 67.69 Med: 81.95 Max: 96.24
Current: 67.69

During the past 13 years, Saudi Basic Industries's highest Days Inventory was 96.24. The lowest was 67.69. And the median was 81.95.

SAU:2010's Days Inventory is ranked better than
61.82% of 1493 companies
in the Chemicals industry
Industry Median: 82.8 vs SAU:2010: 67.69

Saudi Basic Industries's Days Inventory declined from Dec. 2022 (78.54) to Dec. 2023 (56.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. Saudi Basic Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.63.

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. Saudi Basic Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.53.

Saudi Basic Industries Days Inventory Historical Data

The historical data trend for Saudi Basic 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.

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Saudi Basic Industries Days Inventory Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.97

81.03

68.88

73.19

71.12

Saudi Basic Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															78.54	72.28	73.04	68.73	56.09

Competitive Comparison of Saudi Basic Industries's Days Inventory

For the Chemicals subindustry, Saudi Basic 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.

Saudi Basic Industries's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Saudi Basic Industries's Days Inventory distribution charts can be found below:

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

Saudi Basic Industries Days Inventory Calculation

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

Saudi Basic 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
=	( (28224.642	+	18332.223)	/	2 )	/	119463.105	*	365
=	23278.4325					/	119463.105	*	365
=	71.12

Saudi Basic 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19104.618	+	18332.223)	/	2 )	/	30454.57	*	365 / 4
=	18718.4205					/	30454.57	*	365 / 4
=	56.09

Saudi Basic Industries (SAU:2010) 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.

Saudi Basic Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30454.57	/	18718.4205
	=	1.63

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.

Saudi Basic Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18718.4205	/	35032.138
	=	0.53

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.

Saudi Basic Industries Days Inventory Related Terms

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

Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

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