Al Rashid Industrial Co (SAU:9580) Days Inventory : 0.00 (As of Dec. 2022)

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What is Al Rashid Industrial Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Al Rashid Industrial Co's Average Total Inventories for the three months ended in Dec. 2022 was ﷼29.8 Mil. Al Rashid Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2022 was ﷼0.0 Mil.

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

During the past 2 years, Al Rashid Industrial Co's highest Days Inventory was 134.50. The lowest was 105.31. And the median was 119.91.

SAU:9580's Days Inventory is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 77.82
* Ranked among companies with meaningful Days Inventory only.

Al Rashid Industrial Co's Days Inventory stayed the same from . 20 (0.00) to Dec. 2022 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Al Rashid Industrial Co's Inventory Turnover for the three months ended in Dec. 2022 was 0.00.

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.

Al Rashid Industrial Co Days Inventory Historical Data

The historical data trend for Al Rashid Industrial 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.

Al Rashid Industrial Co Days Inventory Chart

Al Rashid Industrial Co Annual Data

Trend

Dec22

Dec23

Days Inventory

134.50

105.31

Al Rashid Industrial Co Quarterly Data
	Dec22	Dec23
Days Inventory	-	-

Competitive Comparison of Al Rashid Industrial Co's Days Inventory

For the Packaging & Containers subindustry, Al Rashid Industrial 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.

Al Rashid Industrial Co's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Al Rashid Industrial Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Al Rashid Industrial Co's Days Inventory falls into.

Al Rashid Industrial Co Days Inventory Calculation

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

Al Rashid Industrial 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
=	( (29.816	+	22.7)	/	2 )	/	91.01	*	365
=	26.258					/	91.01	*	365
=	105.31

Al Rashid Industrial Co's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: . 20 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (	+	29.816)	/	1 )	/	0	*	365 / 4
=	29.816					/	0	*	365 / 4
=	N/A

Al Rashid Industrial Co (SAU:9580) 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.

Al Rashid Industrial Co's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	29.816
	=	0.00

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.

Al Rashid Industrial Co's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29.816	/	0
	=

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.

Al Rashid Industrial Co Days Inventory Related Terms

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

Al Rashid Industrial Co (SAU:9580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial City, 7960, Riyadh, SAU, 143322

Website

https://www.lastmade.com

Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

Al Rashid Industrial Co (SAU:9580) Headlines

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