AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Days Inventory : 50.78 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AlMuneef Co For Trade Industry Agriculture And Contracting's Average Total Inventories for the six months ended in Dec. 2023 was ﷼30.1 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼108.2 Mil. Hence, AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory for the six months ended in Dec. 2023 was 50.78.

The historical rank and industry rank for AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory or its related term are showing as below:

SAU:9569' s Days Inventory Range Over the Past 10 Years
Min: 22.53 Med: 36.97 Max: 51.4
Current: 48.36

During the past 3 years, AlMuneef Co For Trade Industry Agriculture And Contracting's highest Days Inventory was 51.40. The lowest was 22.53. And the median was 36.97.

SAU:9569's Days Inventory is ranked better than
85.59% of 229 companies
in the Agriculture industry
Industry Median: 111.24 vs SAU:9569: 48.36

AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory increased from Dec. 2022 (31.46) to Dec. 2023 (50.78). It might indicate that AlMuneef Co For Trade Industry Agriculture And Contracting'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. AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory Turnover for the six months ended in Dec. 2023 was 3.59.

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. AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.25.

AlMuneef Co For Trade Industry Agriculture And Contracting Days Inventory Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Days Inventory Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

22.53

51.40

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	31.46	42.98	50.78

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting Days Inventory Calculation

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

AlMuneef Co For Trade Industry Agriculture And Contracting'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
=	( (26.581	+	34.914)	/	2 )	/	218.359	*	365
=	30.7475					/	218.359	*	365
=	51.40

AlMuneef Co For Trade Industry Agriculture And Contracting'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
=	( (25.3	+	34.914)	/	2 )	/	108.206	*	365 / 2
=	30.107					/	108.206	*	365 / 2
=	50.78

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	108.206	/	30.107
	=	3.59

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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.107	/	121.958
	=	0.25

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.

AlMuneef Co For Trade Industry Agriculture And Contracting Days Inventory Related Terms

Thank you for viewing the detailed overview of AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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