Industrial Commercial and Agricultural Co (AMM:ICAG) Days Inventory : 59.91 (As of Mar. 2024)

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What is Industrial Commercial and Agricultural Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Industrial Commercial and Agricultural Co's Average Total Inventories for the three months ended in Mar. 2024 was JOD3.68 Mil. Industrial Commercial and Agricultural Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD5.61 Mil. Hence, Industrial Commercial and Agricultural Co's Days Inventory for the three months ended in Mar. 2024 was 59.91.

The historical rank and industry rank for Industrial Commercial and Agricultural Co's Days Inventory or its related term are showing as below:

AMM:ICAG' s Days Inventory Range Over the Past 10 Years
Min: 50.86 Med: 72.94 Max: 177.01
Current: 54.92

During the past 13 years, Industrial Commercial and Agricultural Co's highest Days Inventory was 177.01. The lowest was 50.86. And the median was 72.94.

AMM:ICAG's Days Inventory is ranked better than
71.2% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs AMM:ICAG: 54.92

Industrial Commercial and Agricultural Co's Days Inventory increased from Mar. 2023 (54.88) to Mar. 2024 (59.91). It might indicate that Industrial Commercial and Agricultural Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Industrial Commercial and Agricultural Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.52.

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. Industrial Commercial and Agricultural Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.59.

Industrial Commercial and Agricultural Co Days Inventory Historical Data

The historical data trend for Industrial Commercial and Agricultural Co'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.

Industrial Commercial and Agricultural Co Days Inventory Chart

Industrial Commercial and Agricultural Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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72.94

51.04

51.55

50.86

Industrial Commercial and Agricultural Co 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															54.88	56.80	47.77	52.79	59.91

Competitive Comparison of Industrial Commercial and Agricultural Co's Days Inventory

For the Household & Personal Products subindustry, Industrial Commercial and Agricultural Co'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.

Industrial Commercial and Agricultural Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Industrial Commercial and Agricultural Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Industrial Commercial and Agricultural Co's Days Inventory falls into.

Industrial Commercial and Agricultural Co Days Inventory Calculation

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

Industrial Commercial and Agricultural Co'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
=	( (4.364	+	3.065)	/	2 )	/	26.658	*	365
=	3.7145					/	26.658	*	365
=	50.86

Industrial Commercial and Agricultural Co'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
=	( (3.065	+	4.295)	/	2 )	/	5.605	*	365 / 4
=	3.68					/	5.605	*	365 / 4
=	59.91

Industrial Commercial and Agricultural Co (AMM:ICAG) 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.

Industrial Commercial and Agricultural Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.605	/	3.68
	=	1.52

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.

Industrial Commercial and Agricultural Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.68	/	6.271
	=	0.59

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.

Industrial Commercial and Agricultural Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Industrial Commercial and Agricultural Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Industrial Commercial and Agricultural Co (AMM:ICAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Industrial Commercial and Agricultural Co Ltd (AMM:ICAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wasfi Al -Tal Street, Real Estate Development Building No.145, PO Box 6066, Amman, JOR, 11118

Website

https://www.ica-jo.com

Industrial Commercial and Agricultural Co Ltd is a Jordan-based company that specializes in the field of chemical industries and personal care items. It exports its products to Saudi Arabia, Iraq, Lebanon, Libya, Algeria, Egypt, Kuwait, Palestine, and other markets. The company has three plants: a cosmetics plant, a Liquid Detergents plant, and a Plastic plant. Its product portfolio includes Neon Detergent, Orval Dish Washing, Super White Detergent, and Zein Soap.

Industrial Commercial and Agricultural Co (AMM:ICAG) Headlines

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