Ades Holding Co (SAU:2382) Days Inventory : 35.16 (As of Mar. 2024)

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What is Ades Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ades Holding Co's Average Total Inventories for the three months ended in Mar. 2024 was ﷼358 Mil. Ades Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼929 Mil. Hence, Ades Holding Co's Days Inventory for the three months ended in Mar. 2024 was 35.16.

The historical rank and industry rank for Ades Holding Co's Days Inventory or its related term are showing as below:

SAU:2382' s Days Inventory Range Over the Past 10 Years
Min: 46.22 Med: 46.22 Max: 140.65
Current: 140.65

During the past 1 years, Ades Holding Co's highest Days Inventory was 140.65. The lowest was 46.22. And the median was 46.22.

SAU:2382's Days Inventory is ranked worse than
88.61% of 729 companies
in the Oil & Gas industry
Industry Median: 31.46 vs SAU:2382: 140.65

Ades Holding Co's Days Inventory increased from . 20 (0.00) to Mar. 2024 (35.16). It might indicate that Ades Holding Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ades Holding Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.60.

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. Ades Holding Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.23.

Ades Holding Co Days Inventory Historical Data

The historical data trend for Ades Holding 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.

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Ades Holding Co Days Inventory Chart

Ades Holding Co Annual Data

Trend

Dec23

Days Inventory

46.22

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Days Inventory	-	-	35.16

Competitive Comparison of Ades Holding Co's Days Inventory

For the Oil & Gas Drilling subindustry, Ades Holding 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.

Ades Holding Co's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ades Holding Co's Days Inventory falls into.

Ades Holding Co Days Inventory Calculation

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

Ades Holding Co'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: . 20 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (	+	331.892)	/	1 )	/	2620.778	*	365
=	331.892					/	2620.778	*	365
=	46.22

Ades Holding Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (331.892	+	384.375)	/	2 )	/	929.384	*	365 / 4
=	358.1335					/	929.384	*	365 / 4
=	35.16

Ades Holding Co (SAU:2382) 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.

Ades Holding Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	929.384	/	358.1335
	=	2.60

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.

Ades Holding Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	358.1335	/	1532.07
	=	0.23

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.

Ades Holding Co Days Inventory Related Terms

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Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

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