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National Agriculture Development Co (SAU:6010) Days Inventory : 106.47 (As of Mar. 2024)


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What is National Agriculture Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Agriculture Development Co's Average Total Inventories for the three months ended in Mar. 2024 was ﷼624 Mil. National Agriculture Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼535 Mil. Hence, National Agriculture Development Co's Days Inventory for the three months ended in Mar. 2024 was 106.47.

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

SAU:6010' s Days Inventory Range Over the Past 10 Years
Min: 96.97   Med: 129.4   Max: 175.05
Current: 108.77

During the past 13 years, National Agriculture Development Co's highest Days Inventory was 175.05. The lowest was 96.97. And the median was 129.40.

SAU:6010's Days Inventory is ranked worse than
64.61% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.035 vs SAU:6010: 108.77

National Agriculture Development Co's Days Inventory declined from Mar. 2023 (108.89) to Mar. 2024 (106.47).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Agriculture Development Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.86.

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. National Agriculture Development Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.73.


National Agriculture Development Co Days Inventory Historical Data

The historical data trend for National Agriculture Development 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.

* Premium members only.

National Agriculture Development Co Days Inventory Chart

National Agriculture Development Co 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 156.91 133.19 115.68 96.97 101.62

National Agriculture Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 108.89 116.91 109.82 103.17 106.47

Competitive Comparison of National Agriculture Development Co's Days Inventory

For the Packaged Foods subindustry, National Agriculture Development 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.


National Agriculture Development Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, National Agriculture Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Agriculture Development Co's Days Inventory falls into.



National Agriculture Development Co Days Inventory Calculation

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

National Agriculture Development 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: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (544.105 + 587.394) / 2 ) / 2032.141*365
=565.7495 / 2032.141*365
=101.62

National Agriculture Development 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
=( (587.394 + 660.834) / 2 ) / 534.873*365 / 4
=624.114 / 534.873*365 / 4
=106.47

* 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.


National Agriculture Development Co  (SAU:6010) 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.

National Agriculture Development Co's Inventory Turnover for the three months ended in Mar. 2024 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.

National Agriculture Development Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


National Agriculture Development Co Days Inventory Related Terms

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


National Agriculture Development Co (SAU:6010) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 2557, Riyadh, SAU, 11461
National Agriculture Development Co is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, marketing and distribution of its products. The company operates in two main sectors, namely Manufacturing of Dairy and Foods and the Production of Agricultural Products. It generates maximum revenue from the Dairy and Food segment. Its products include dairy, milk, cheese, juices, desserts, and other related food. Geographically, it derives the vast majority of its revenue from Saudi Arabia.

National Agriculture Development Co (SAU:6010) Headlines

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