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Future Arab Investment (AMM:FUTR) Days Inventory : 121.08 (As of Mar. 2024)


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What is Future Arab Investment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Future Arab Investment's Average Total Inventories for the three months ended in Mar. 2024 was JOD3.61 Mil. Future Arab Investment's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD2.72 Mil. Hence, Future Arab Investment's Days Inventory for the three months ended in Mar. 2024 was 121.08.

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

AMM:FUTR' s Days Inventory Range Over the Past 10 Years
Min: 129.06   Med: 217.08   Max: 251.01
Current: 142.84

During the past 13 years, Future Arab Investment's highest Days Inventory was 251.01. The lowest was 129.06. And the median was 217.08.

AMM:FUTR's Days Inventory is ranked worse than
83.46% of 683 companies
in the Business Services industry
Industry Median: 28.18 vs AMM:FUTR: 142.84

Future Arab Investment's Days Inventory declined from Mar. 2023 (141.14) to Mar. 2024 (121.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Future Arab Investment's Inventory Turnover for the three months ended in Mar. 2024 was 0.75.

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. Future Arab Investment's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.05.


Future Arab Investment Days Inventory Historical Data

The historical data trend for Future Arab Investment'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.

Future Arab Investment Days Inventory Chart

Future Arab Investment 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 242.41 251.01 150.64 129.06 136.78

Future Arab Investment 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 141.14 143.53 106.47 329.13 121.08

Competitive Comparison of Future Arab Investment's Days Inventory

For the Specialty Business Services subindustry, Future Arab Investment'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.


Future Arab Investment's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Future Arab Investment's Days Inventory distribution charts can be found below:

* The bar in red indicates where Future Arab Investment's Days Inventory falls into.



Future Arab Investment Days Inventory Calculation

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

Future Arab Investment'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
=( (4.885 + 3.42) / 2 ) / 11.081*365
=4.1525 / 11.081*365
=136.78

Future Arab Investment'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
=( (3.42 + 3.801) / 2 ) / 2.721*365 / 4
=3.6105 / 2.721*365 / 4
=121.08

* 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.


Future Arab Investment  (AMM:FUTR) 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.

Future Arab Investment'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.

Future Arab Investment'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.


Future Arab Investment Days Inventory Related Terms

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


Future Arab Investment (AMM:FUTR) Business Description

Traded in Other Exchanges
N/A
Address
128 Sharif Naser Street, Sport City Circle, P.O. Box 20082, Quqa Group Building, Al-Shimaisani, Amman, JOR, 11118
Future Arab Investment is a Jordan-based company engaged in the provision of investment project surveys. It is involved in the establishment, development, sale, rental, and management of movable and immovable properties; contribution to other companies; business development; and project management. The revenue is earned from the sale of vehicles, machines, and raw materials; rendering of services; and dividend and interest income.

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