Nofoth Food Products Co (SAU:9556) Days Inventory : 36.81 (As of Dec. 2023)

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What is Nofoth Food Products Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nofoth Food Products Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼12.3 Mil. Nofoth Food Products Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼61.1 Mil. Hence, Nofoth Food Products Co's Days Inventory for the six months ended in Dec. 2023 was 36.81.

The historical rank and industry rank for Nofoth Food Products Co's Days Inventory or its related term are showing as below:

SAU:9556' s Days Inventory Range Over the Past 10 Years
Min: 36 Med: 37.38 Max: 38.75
Current: 36.57

During the past 2 years, Nofoth Food Products Co's highest Days Inventory was 38.75. The lowest was 36.00. And the median was 37.38.

SAU:9556's Days Inventory is ranked worse than
50.84% of 297 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs SAU:9556: 36.57

Nofoth Food Products Co's Days Inventory declined from Dec. 2022 (40.21) to Dec. 2023 (36.81).

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. Nofoth Food Products Co's Inventory Turnover for the six months ended in Dec. 2023 was 4.96.

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. Nofoth Food Products Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.

Nofoth Food Products Co Days Inventory Historical Data

The historical data trend for Nofoth Food Products 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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Nofoth Food Products Co Days Inventory Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Days Inventory

38.75

36.00

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	40.21	36.89	36.81

Competitive Comparison of Nofoth Food Products Co's Days Inventory

For the Grocery Stores subindustry, Nofoth Food Products 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.

Nofoth Food Products Co's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Days Inventory falls into.

Nofoth Food Products Co Days Inventory Calculation

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

Nofoth Food Products 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
=	( (13	+	11.703)	/	2 )	/	125.219	*	365
=	12.3515					/	125.219	*	365
=	36.00

Nofoth Food Products 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
=	( (12.932	+	11.703)	/	2 )	/	61.066	*	365 / 2
=	12.3175					/	61.066	*	365 / 2
=	36.81

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61.066	/	12.3175
	=	4.96

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.

Nofoth Food Products Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.3175	/	152.569
	=	0.08

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.

Nofoth Food Products Co Days Inventory Related Terms

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

Nofoth Food Products Co (SAU:9556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co (SAU:9556) Headlines

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