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Arab Aluminium Industry (AMM:AALU) Days Inventory : 187.65 (As of Mar. 2024)


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What is Arab Aluminium Industry Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arab Aluminium Industry's Average Total Inventories for the three months ended in Mar. 2024 was JOD4.67 Mil. Arab Aluminium Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD2.27 Mil. Hence, Arab Aluminium Industry's Days Inventory for the three months ended in Mar. 2024 was 187.65.

The historical rank and industry rank for Arab Aluminium Industry's Days Inventory or its related term are showing as below:

AMM:AALU' s Days Inventory Range Over the Past 10 Years
Min: 122.92   Med: 151.66   Max: 197.23
Current: 158.76

During the past 13 years, Arab Aluminium Industry's highest Days Inventory was 197.23. The lowest was 122.92. And the median was 151.66.

AMM:AALU's Days Inventory is ranked worse than
77.64% of 662 companies
in the Metals & Mining industry
Industry Median: 88.535 vs AMM:AALU: 158.76

Arab Aluminium Industry's Days Inventory increased from Mar. 2023 (172.14) to Mar. 2024 (187.65). It might indicate that Arab Aluminium Industry's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arab Aluminium Industry's Inventory Turnover for the three months ended in Mar. 2024 was 0.49.

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. Arab Aluminium Industry's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.89.


Arab Aluminium Industry Days Inventory Historical Data

The historical data trend for Arab Aluminium Industry'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.

Arab Aluminium Industry Days Inventory Chart

Arab Aluminium Industry Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 197.23 178.98 122.92 142.83 160.48

Arab Aluminium Industry Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 172.14 169.61 142.10 143.78 187.65

Competitive Comparison of Arab Aluminium Industry's Days Inventory

For the Aluminum subindustry, Arab Aluminium Industry'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.


Arab Aluminium Industry's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arab Aluminium Industry's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arab Aluminium Industry's Days Inventory falls into.



Arab Aluminium Industry Days Inventory Calculation

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

Arab Aluminium Industry'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
=( (4.471 + 4.644) / 2 ) / 10.366*365
=4.5575 / 10.366*365
=160.48

Arab Aluminium Industry's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (4.644 + 4.688) / 2 ) / 2.269*365 / 4
=4.666 / 2.269*365 / 4
=187.65

* 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.


Arab Aluminium Industry  (AMM:AALU) 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.

Arab Aluminium Industry's Inventory Turnover for the three months ended in Mar. 2024 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.

Arab Aluminium Industry's Inventory to Revenue for the three months ended in Mar. 2024 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.


Arab Aluminium Industry Days Inventory Related Terms

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


Arab Aluminium Industry (AMM:AALU) Business Description

Traded in Other Exchanges
N/A
Address
Ain El-Basha, P. O. Box 35042, Amman, JOR, 11180
Arab Aluminium Industry is engaged in producing all kinds of aluminum. The company manufactures aluminum, extrusion, cutting and pulling profiles, and manufacture raw materials for aluminum. Its products include a Sliding system, Curtain wall and shutters, Hinges system, and curtains. The company conducts operations in the Kingdom, representing local operations.

Arab Aluminium Industry (AMM:AALU) Headlines

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