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United Gulf Investment BSC (BAH:UGIC) Days Inventory : 207.46 (As of Mar. 2024)


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What is United Gulf Investment BSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Gulf Investment BSC's Average Total Inventories for the three months ended in Mar. 2024 was BHD19.49 Mil. United Gulf Investment BSC's Cost of Goods Sold for the three months ended in Mar. 2024 was BHD8.57 Mil. Hence, United Gulf Investment BSC's Days Inventory for the three months ended in Mar. 2024 was 207.46.

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

BAH:UGIC' s Days Inventory Range Over the Past 10 Years
Min: 97.82   Med: 176.31   Max: 378.84
Current: 189.46

During the past 13 years, United Gulf Investment BSC's highest Days Inventory was 378.84. The lowest was 97.82. And the median was 176.31.

BAH:UGIC's Days Inventory is ranked worse than
70.06% of 167 companies
in the Asset Management industry
Industry Median: 76.77 vs BAH:UGIC: 189.46

United Gulf Investment BSC's Days Inventory increased from Mar. 2023 (197.14) to Mar. 2024 (207.46). It might indicate that United Gulf Investment BSC's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Gulf Investment BSC's Inventory Turnover for the three months ended in Mar. 2024 was 0.44.

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. United Gulf Investment BSC's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.79.


United Gulf Investment BSC Days Inventory Historical Data

The historical data trend for United Gulf Investment BSC'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.

United Gulf Investment BSC Days Inventory Chart

United Gulf Investment BSC 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 181.32 206.48 110.06 97.82 171.29

United Gulf Investment BSC 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 197.14 197.31 255.20 155.44 207.46

Competitive Comparison of United Gulf Investment BSC's Days Inventory

For the Asset Management subindustry, United Gulf Investment BSC'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.


United Gulf Investment BSC's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, United Gulf Investment BSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where United Gulf Investment BSC's Days Inventory falls into.



United Gulf Investment BSC Days Inventory Calculation

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

United Gulf Investment BSC'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
=( (13.685 + 20.465) / 2 ) / 36.385*365
=17.075 / 36.385*365
=171.29

United Gulf Investment BSC'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
=( (20.465 + 18.517) / 2 ) / 8.573*365 / 4
=19.491 / 8.573*365 / 4
=207.46

* 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.


United Gulf Investment BSC  (BAH:UGIC) 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.

United Gulf Investment BSC'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.

United Gulf Investment BSC'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.


United Gulf Investment BSC Days Inventory Related Terms

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


United Gulf Investment BSC (BAH:UGIC) Business Description

Traded in Other Exchanges
N/A
Address
Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR
United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.