Theeb Car Rental Co (SAU:4261) Days Inventory : 3.18 (As of Dec. 2023)

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What is Theeb Car Rental Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Theeb Car Rental Co's Average Total Inventories for the three months ended in Dec. 2023 was ﷼7 Mil. Theeb Car Rental Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼206 Mil. Hence, Theeb Car Rental Co's Days Inventory for the three months ended in Dec. 2023 was 3.18.

The historical rank and industry rank for Theeb Car Rental Co's Days Inventory or its related term are showing as below:

SAU:4261' s Days Inventory Range Over the Past 10 Years
Min: 2.75 Med: 4.13 Max: 6.28
Current: 2.8

During the past 4 years, Theeb Car Rental Co's highest Days Inventory was 6.28. The lowest was 2.75. And the median was 4.13.

SAU:4261's Days Inventory is ranked better than
82.82% of 681 companies
in the Business Services industry
Industry Median: 29.77 vs SAU:4261: 2.80

Theeb Car Rental Co's Days Inventory increased from Dec. 2022 (2.82) to Dec. 2023 (3.18). It might indicate that Theeb Car Rental Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Theeb Car Rental Co's Inventory Turnover for the three months ended in Dec. 2023 was 28.70.

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. Theeb Car Rental Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Theeb Car Rental Co Days Inventory Historical Data

The historical data trend for Theeb Car Rental 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.

Theeb Car Rental Co Days Inventory Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

6.28

5.13

3.13

2.75

Theeb Car Rental Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											2.82	2.65	2.37	3.04	3.18

Competitive Comparison of Theeb Car Rental Co's Days Inventory

For the Rental & Leasing Services subindustry, Theeb Car Rental 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.

Theeb Car Rental Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Days Inventory falls into.

Theeb Car Rental Co Days Inventory Calculation

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

Theeb Car Rental 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
=	( (4.966	+	6.719)	/	2 )	/	776.529	*	365
=	5.8425					/	776.529	*	365
=	2.75

Theeb Car Rental 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.669	+	6.719)	/	2 )	/	206.495	*	365 / 4
=	7.194					/	206.495	*	365 / 4
=	3.18

Theeb Car Rental Co (SAU:4261) 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.

Theeb Car Rental Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	206.495	/	7.194
	=	28.70

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.

Theeb Car Rental Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.194	/	300.674
	=	0.02

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.

Theeb Car Rental Co Days Inventory Related Terms

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

Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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