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Gulf General Investments Co PSC (DFM:GGICO) Days Inventory : 204.54 (As of Mar. 2023)


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What is Gulf General Investments Co PSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf General Investments Co PSC's Average Total Inventories for the three months ended in Mar. 2023 was د.إ208.4 Mil. Gulf General Investments Co PSC's Cost of Goods Sold for the three months ended in Mar. 2023 was د.إ93.0 Mil. Hence, Gulf General Investments Co PSC's Days Inventory for the three months ended in Mar. 2023 was 204.54.

The historical rank and industry rank for Gulf General Investments Co PSC's Days Inventory or its related term are showing as below:

DFM:GGICO's Days Inventory is not ranked *
in the Conglomerates industry.
Industry Median: 73.125
* Ranked among companies with meaningful Days Inventory only.

Gulf General Investments Co PSC's Days Inventory increased from Mar. 2022 (163.73) to Mar. 2023 (204.54). It might indicate that Gulf General Investments Co PSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf General Investments Co PSC's Inventory Turnover for the three months ended in Mar. 2023 was 0.45.

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. Gulf General Investments Co PSC's Inventory-to-Revenue for the three months ended in Mar. 2023 was 1.62.


Gulf General Investments Co PSC Days Inventory Historical Data

The historical data trend for Gulf General Investments Co PSC'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.

Gulf General Investments Co PSC Days Inventory Chart

Gulf General Investments Co PSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 659.31 484.11 325.44 201.38 225.96

Gulf General Investments Co PSC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 163.73 281.58 244.76 263.82 204.54

Competitive Comparison of Gulf General Investments Co PSC's Days Inventory

For the Conglomerates subindustry, Gulf General Investments Co PSC'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.


Gulf General Investments Co PSC's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Gulf General Investments Co PSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gulf General Investments Co PSC's Days Inventory falls into.



Gulf General Investments Co PSC Days Inventory Calculation

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

Gulf General Investments Co PSC's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (214.921 + 204.621) / 2 ) / 338.85*365
=209.771 / 338.85*365
=225.96

Gulf General Investments Co PSC's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

Days Inventory (Q: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (204.621 + 212.208) / 2 ) / 92.98*365 / 4
=208.4145 / 92.98*365 / 4
=204.54

* 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.


Gulf General Investments Co PSC  (DFM:GGICO) 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.

Gulf General Investments Co PSC's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

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.

Gulf General Investments Co PSC's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

* 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.


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.


Gulf General Investments Co PSC Days Inventory Related Terms

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


Gulf General Investments Co PSC (DFM:GGICO) Business Description

Traded in Other Exchanges
N/A
Address
Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE
Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

Gulf General Investments Co PSC (DFM:GGICO) Headlines

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