Gas Arabian Services Co (SAU:9528) Days Inventory : 33.22 (As of Dec. 2023)

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What is Gas Arabian Services Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gas Arabian Services Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼52.7 Mil. Gas Arabian Services Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼289.4 Mil. Hence, Gas Arabian Services Co's Days Inventory for the six months ended in Dec. 2023 was 33.22.

The historical rank and industry rank for Gas Arabian Services Co's Days Inventory or its related term are showing as below:

SAU:9528' s Days Inventory Range Over the Past 10 Years
Min: 24.22 Med: 27.65 Max: 30.34
Current: 27.46

During the past 3 years, Gas Arabian Services Co's highest Days Inventory was 30.34. The lowest was 24.22. And the median was 27.65.

SAU:9528's Days Inventory is ranked better than
53.9% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs SAU:9528: 27.46

Gas Arabian Services Co's Days Inventory increased from Dec. 2022 (21.47) to Dec. 2023 (33.22). It might indicate that Gas Arabian Services Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gas Arabian Services Co's Inventory Turnover for the six months ended in Dec. 2023 was 5.49.

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. Gas Arabian Services Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.

Gas Arabian Services Co Days Inventory Historical Data

The historical data trend for Gas Arabian Services 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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Gas Arabian Services Co Days Inventory Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

30.34

24.22

27.65

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			24.75	29.70	21.47	21.69	33.22

Competitive Comparison of Gas Arabian Services Co's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Gas Arabian Services 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.

Gas Arabian Services Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gas Arabian Services Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gas Arabian Services Co's Days Inventory falls into.

Gas Arabian Services Co Days Inventory Calculation

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

Gas Arabian Services 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
=	( (27.118	+	61.778)	/	2 )	/	586.76	*	365
=	44.448					/	586.76	*	365
=	27.65

Gas Arabian Services 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
=	( (43.555	+	61.778)	/	2 )	/	289.371	*	365 / 2
=	52.6665					/	289.371	*	365 / 2
=	33.22

Gas Arabian Services Co (SAU:9528) 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.

Gas Arabian Services Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	289.371	/	52.6665
	=	5.49

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.

Gas Arabian Services Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	52.6665	/	370.294
	=	0.14

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.

Gas Arabian Services Co Days Inventory Related Terms

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

Gas Arabian Services Co (SAU:9528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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