Arad Investment & Industrial Development (XTAE:ARAD) Days Inventory : 14.05 (As of Dec. 2023)

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What is Arad Investment & Industrial Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arad Investment & Industrial Development's Average Total Inventories for the three months ended in Dec. 2023 was ₪114 Mil. Arad Investment & Industrial Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪741 Mil. Hence, Arad Investment & Industrial Development's Days Inventory for the three months ended in Dec. 2023 was 14.05.

The historical rank and industry rank for Arad Investment & Industrial Development's Days Inventory or its related term are showing as below:

XTAE:ARAD' s Days Inventory Range Over the Past 10 Years
Min: 17.35 Med: 43.66 Max: 132.85
Current: 19.19

During the past 9 years, Arad Investment & Industrial Development's highest Days Inventory was 132.85. The lowest was 17.35. And the median was 43.66.

XTAE:ARAD's Days Inventory is ranked better than
97.05% of 2911 companies
in the Industrial Products industry
Industry Median: 120.59 vs XTAE:ARAD: 19.19

Arad Investment & Industrial Development's Days Inventory declined from Dec. 2022 (29.10) to Dec. 2023 (14.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Arad Investment & Industrial Development's Inventory Turnover for the three months ended in Dec. 2023 was 6.49.

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. Arad Investment & Industrial Development's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

Arad Investment & Industrial Development Days Inventory Historical Data

The historical data trend for Arad Investment & Industrial Development'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.

Arad Investment & Industrial Development Days Inventory Chart

Arad Investment & Industrial Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

48.85

38.47

33.80

24.14

17.35

Arad Investment & Industrial Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															29.10	23.76	20.98	20.63	14.05

Competitive Comparison of Arad Investment & Industrial Development's Days Inventory

For the Electrical Equipment & Parts subindustry, Arad Investment & Industrial Development'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.

Arad Investment & Industrial Development's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Arad Investment & Industrial Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arad Investment & Industrial Development's Days Inventory falls into.

Arad Investment & Industrial Development Days Inventory Calculation

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

Arad Investment & Industrial Development'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
=	( (177.464	+	78.151)	/	2 )	/	2688.518	*	365
=	127.8075					/	2688.518	*	365
=	17.35

Arad Investment & Industrial Development'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (150.092	+	78.151)	/	2 )	/	741.133	*	365 / 4
=	114.1215					/	741.133	*	365 / 4
=	14.05

Arad Investment & Industrial Development (XTAE:ARAD) 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.

Arad Investment & Industrial Development's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	741.133	/	114.1215
	=	6.49

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.

Arad Investment & Industrial Development's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	114.1215	/	491.784
	=	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.

Arad Investment & Industrial Development Days Inventory Related Terms

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

Arad Investment & Industrial Development (XTAE:ARAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Arad Investment & Industrial Development Ltd (XTAE:ARAD) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Beit Isras, 3 Har Sini Street, Tel-Aviv, ISR, 65816

Website

http://www.arad.co.il

Arad Investment & Industrial Develop Ltd is a holding company that invests in three core activities: real estate, information technology and construction materials.

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