International Holdings Co PJSC (ADX:IHC) Days Inventory : 160.62 (As of Dec. 2023)

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What is International Holdings Co PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Holdings Co PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ23,513 Mil. International Holdings Co PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ13,358 Mil. Hence, International Holdings Co PJSC's Days Inventory for the three months ended in Dec. 2023 was 160.62.

The historical rank and industry rank for International Holdings Co PJSC's Days Inventory or its related term are showing as below:

ADX:IHC' s Days Inventory Range Over the Past 10 Years
Min: 23.91 Med: 35.12 Max: 170.24
Current: 170.24

During the past 13 years, International Holdings Co PJSC's highest Days Inventory was 170.24. The lowest was 23.91. And the median was 35.12.

ADX:IHC's Days Inventory is ranked worse than
81.51% of 449 companies
in the Conglomerates industry
Industry Median: 73.36 vs ADX:IHC: 170.24

International Holdings Co PJSC's Days Inventory increased from Dec. 2022 (109.02) to Dec. 2023 (160.62). It might indicate that International Holdings Co PJSC's sales slowed down.

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. International Holdings Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. International Holdings Co PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.36.

International Holdings Co PJSC Days Inventory Historical Data

The historical data trend for International Holdings Co PJSC'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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International Holdings Co PJSC Days Inventory Chart

International Holdings Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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36.03

48.87

33.22

100.66

170.19

International Holdings Co PJSC 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															109.02	147.64	195.64	184.02	160.62

Competitive Comparison of International Holdings Co PJSC's Days Inventory

For the Conglomerates subindustry, International Holdings Co PJSC'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.

International Holdings Co PJSC's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, International Holdings Co PJSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where International Holdings Co PJSC's Days Inventory falls into.

International Holdings Co PJSC Days Inventory Calculation

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

International Holdings Co PJSC'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
=	( (19404.165	+	24472.941)	/	2 )	/	47049.423	*	365
=	21938.553					/	47049.423	*	365
=	170.19

International Holdings Co PJSC'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
=	( (22552.957	+	24472.941)	/	2 )	/	13357.922	*	365 / 4
=	23512.949					/	13357.922	*	365 / 4
=	160.62

International Holdings Co PJSC (ADX:IHC) 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.

International Holdings Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13357.922	/	23512.949
	=	0.57

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.

International Holdings Co PJSC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23512.949	/	17266.05
	=	1.36

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.

International Holdings Co PJSC Days Inventory Related Terms

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International Holdings Co PJSC (ADX:IHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » International Holdings Co PJSC (ADX:IHC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot C-18, E-48, Second Floor, RG Procurement Building, P.O. Box 32619, Abu Dhabi, ARE

Website

https://www.ihcuae.com

International Holdings Co PJSC is a United Arab Emirates-based public joint stock company. The group, along with its subsidiaries, is engaged in management services and investing in diversified projects; trading and importing of food items; sale of poultry products and others. The company is organized into business segments as follows: Asset Management, Real estate and construction, Utilities, Financial services, Food, Healthcare, Marine and dredging, Services and other segments.