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Multiply Group PJSC (ADX:MULTIPLY) Days Inventory : 15.80 (As of Dec. 2023)


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What is Multiply Group PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Multiply Group PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ33 Mil. Multiply Group PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ190 Mil. Hence, Multiply Group PJSC's Days Inventory for the three months ended in Dec. 2023 was 15.80.

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

ADX:MULTIPLY' s Days Inventory Range Over the Past 10 Years
Min: 14.66   Med: 16.51   Max: 46.14
Current: 16.58

During the past 6 years, Multiply Group PJSC's highest Days Inventory was 46.14. The lowest was 14.66. And the median was 16.51.

ADX:MULTIPLY's Days Inventory is ranked better than
87.53% of 449 companies
in the Conglomerates industry
Industry Median: 73.36 vs ADX:MULTIPLY: 16.58

Multiply Group PJSC's Days Inventory increased from Dec. 2022 (15.05) to Dec. 2023 (15.80). It might indicate that Multiply Group PJSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Multiply Group PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 5.77.

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. Multiply Group PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.


Multiply Group PJSC Days Inventory Historical Data

The historical data trend for Multiply Group 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.

* Premium members only.

Multiply Group PJSC Days Inventory Chart

Multiply Group PJSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial - - 46.14 14.66 16.51

Multiply Group PJSC Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.05 17.03 18.04 16.02 15.80

Competitive Comparison of Multiply Group PJSC's Days Inventory

For the Conglomerates subindustry, Multiply Group 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.


Multiply Group PJSC's Days Inventory Distribution in the Conglomerates Industry

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

* The bar in red indicates where Multiply Group PJSC's Days Inventory falls into.



Multiply Group PJSC Days Inventory Calculation

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

Multiply Group 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
=( (24.304 + 32.727) / 2 ) / 630.486*365
=28.5155 / 630.486*365
=16.51

Multiply Group 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
=( (33.216 + 32.727) / 2 ) / 190.384*365 / 4
=32.9715 / 190.384*365 / 4
=15.80

* 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.


Multiply Group PJSC  (ADX:MULTIPLY) 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.

Multiply Group PJSC's Inventory Turnover for the three months ended in Dec. 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.

Multiply Group PJSC's Inventory to Revenue for the three months ended in Dec. 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.


Multiply Group PJSC Days Inventory Related Terms

Thank you for viewing the detailed overview of Multiply Group PJSC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Multiply Group PJSC (ADX:MULTIPLY) Business Description

Traded in Other Exchanges
N/A
Address
12 Marina Square, Level 19, Tamouh Tower, Reem Island, Abu Dhabi, ARE
Multiply Group PJSC is a technology-focused holding company with a presence across five industries, including communications, utilities, ventures, wellness, Driving training and Asset Management. The group's diversified portfolio strikes a balance between steady companies that generate recurring income and high-growth businesses. The company has its geographic presence in UAE and outside UAE.

Multiply Group PJSC (ADX:MULTIPLY) Headlines

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