Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Days Inventory : 50.69 (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aqaseem Factory for Chemicals & Plastics Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼15.2 Mil. Aqaseem Factory for Chemicals & Plastics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼54.8 Mil. Hence, Aqaseem Factory for Chemicals & Plastics Co's Days Inventory for the six months ended in Dec. 2023 was 50.69.

The historical rank and industry rank for Aqaseem Factory for Chemicals & Plastics Co's Days Inventory or its related term are showing as below:

SAU:9539' s Days Inventory Range Over the Past 10 Years
Min: 50.56 Med: 52 Max: 69.77
Current: 52

During the past 3 years, Aqaseem Factory for Chemicals & Plastics Co's highest Days Inventory was 69.77. The lowest was 50.56. And the median was 52.00.

SAU:9539's Days Inventory is ranked worse than
68.67% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs SAU:9539: 52.00

Aqaseem Factory for Chemicals & Plastics Co's Days Inventory increased from Dec. 2022 (47.36) to Dec. 2023 (50.69). It might indicate that Aqaseem Factory for Chemicals & Plastics Co's sales slowed down.

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. Aqaseem Factory for Chemicals & Plastics Co's Inventory Turnover for the six months ended in Dec. 2023 was 3.60.

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. Aqaseem Factory for Chemicals & Plastics Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

Aqaseem Factory for Chemicals & Plastics Co Days Inventory Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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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Aqaseem Factory for Chemicals & Plastics Co Days Inventory Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

69.77

50.56

52.00

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			63.40	56.22	47.36	53.26	50.69

Competitive Comparison of Aqaseem Factory for Chemicals & Plastics Co's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aqaseem Factory for Chemicals & Plastics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Aqaseem Factory for Chemicals & Plastics Co's Days Inventory falls into.

Aqaseem Factory for Chemicals & Plastics Co Days Inventory Calculation

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

Aqaseem Factory for Chemicals & Plastics 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
=	( (16.579	+	15.208)	/	2 )	/	111.56	*	365
=	15.8935					/	111.56	*	365
=	52.00

Aqaseem Factory for Chemicals & Plastics Co'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
=	( (0	+	15.208)	/	1 )	/	54.75	*	365 / 2
=	15.208					/	54.75	*	365 / 2
=	50.69

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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.

Aqaseem Factory for Chemicals & Plastics Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.75	/	15.208
	=	3.60

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.

Aqaseem Factory for Chemicals & Plastics Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.208	/	76.211
	=	0.20

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.

Aqaseem Factory for Chemicals & Plastics Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Aqaseem Factory for Chemicals & Plastics Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

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