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Jordan Steel (AMM:JOST) Days Inventory : 387.98 (As of Mar. 2024)


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What is Jordan Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jordan Steel's Average Total Inventories for the three months ended in Mar. 2024 was JOD5.89 Mil. Jordan Steel's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD1.39 Mil. Hence, Jordan Steel's Days Inventory for the three months ended in Mar. 2024 was 387.98.

The historical rank and industry rank for Jordan Steel's Days Inventory or its related term are showing as below:

AMM:JOST' s Days Inventory Range Over the Past 10 Years
Min: 86.99   Med: 166.8   Max: 341.24
Current: 298.03

During the past 13 years, Jordan Steel's highest Days Inventory was 341.24. The lowest was 86.99. And the median was 166.80.

AMM:JOST's Days Inventory is ranked worse than
95.8% of 572 companies
in the Steel industry
Industry Median: 88.66 vs AMM:JOST: 298.03

Jordan Steel's Days Inventory declined from Mar. 2023 (950.29) to Mar. 2024 (387.98).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jordan Steel's Inventory Turnover for the three months ended in Mar. 2024 was 0.24.

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. Jordan Steel's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.58.


Jordan Steel Days Inventory Historical Data

The historical data trend for Jordan Steel'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.

Jordan Steel Days Inventory Chart

Jordan Steel 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 184.12 322.06 169.56 113.91 341.24

Jordan Steel 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 950.29 423.19 257.44 213.97 387.98

Competitive Comparison of Jordan Steel's Days Inventory

For the Steel subindustry, Jordan Steel'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.


Jordan Steel's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jordan Steel's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jordan Steel's Days Inventory falls into.



Jordan Steel Days Inventory Calculation

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

Jordan Steel'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
=( (5.789 + 0) / 1 ) / 6.192*365
=5.789 / 6.192*365
=341.24

Jordan Steel'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
=( (0 + 5.893) / 1 ) / 1.386*365 / 4
=5.893 / 1.386*365 / 4
=387.98

* 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.


Jordan Steel  (AMM:JOST) 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.

Jordan Steel'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.

Jordan Steel'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.


Jordan Steel Days Inventory Related Terms

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


Jordan Steel (AMM:JOST) Business Description

Traded in Other Exchanges
N/A
Address
Scientific Islamic College Street, P.O Box 35165, Building Number 3, Al Mamar Al Thani, Amman, JOR, 11180
Jordan Steel is a steel firm that specializes in the manufacturing of steel and iron products for the construction industry. The main activity of the company is to produce reinforcing steel and pull-through steel without heating to produce steel bars and for the production of iron skewers contributing to other companies, importing, exporting, marketing, concluding contracts and trade agreements, and borrowing the necessary funds from banks. The company's products include Concrete Reinforcement Steel Bars (Rebars), Flat and Square Bars, Standard Square Bars, and Plane Round Bars. It also manufactures steel billets and wire mesh products in different sizes.

Jordan Steel (AMM:JOST) Headlines

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