Arabian Cement Co (CAI:ARCC) Days Inventory : 61.38 (As of Mar. 2024)

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What is Arabian Cement Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arabian Cement Co's Average Total Inventories for the three months ended in Mar. 2024 was E£955 Mil. Arabian Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was E£1,420 Mil. Hence, Arabian Cement Co's Days Inventory for the three months ended in Mar. 2024 was 61.38.

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

CAI:ARCC' s Days Inventory Range Over the Past 10 Years
Min: 24.2 Med: 41.4 Max: 61.75
Current: 58.9

During the past 12 years, Arabian Cement Co's highest Days Inventory was 61.75. The lowest was 24.20. And the median was 41.40.

CAI:ARCC's Days Inventory is ranked better than
68.55% of 372 companies
in the Building Materials industry
Industry Median: 83.96 vs CAI:ARCC: 58.90

Arabian Cement Co's Days Inventory increased from Mar. 2023 (44.41) to Mar. 2024 (61.38). It might indicate that Arabian Cement Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arabian Cement Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.49.

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. Arabian Cement Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.49.

Arabian Cement Co Days Inventory Historical Data

The historical data trend for Arabian Cement 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.

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Arabian Cement Co Days Inventory Chart

Arabian Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.38

24.20

59.16

47.88

61.75

Arabian Cement 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															44.41	44.95	57.92	76.18	61.38

Competitive Comparison of Arabian Cement Co's Days Inventory

For the Building Materials subindustry, Arabian Cement 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.

Arabian Cement Co's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Arabian Cement Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arabian Cement Co's Days Inventory falls into.

Arabian Cement Co Days Inventory Calculation

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

Arabian Cement 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
=	( (624.486	+	986.106)	/	2 )	/	4759.815	*	365
=	805.296					/	4759.815	*	365
=	61.75

Arabian Cement 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
=	( (986.106	+	924.782)	/	2 )	/	1420.387	*	365 / 4
=	955.444					/	1420.387	*	365 / 4
=	61.38

Arabian Cement Co (CAI:ARCC) 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.

Arabian Cement Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1420.387	/	955.444
	=	1.49

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.

Arabian Cement Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	955.444	/	1937.764
	=	0.49

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.

Arabian Cement Co Days Inventory Related Terms

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Arabian Cement Co (CAI:ARCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Arabian Cement Co (CAI:ARCC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gamal Abdel Naser Square (Gharb Arabella), Fifth Settlement Arabella Plaza, 5th Floor, Office Building (A), New Cairo, EGY, 11835

Website

http://www.arabiancement.com

Arabian Cement Co is engaged in the business of manufacturing and selling clinker, cement, and other related products and usage of mines and extraction of all mining materials required to produce construction materials and road transportation of all the company's products. The company sells its products in Egypt and exports it to other countries, of which key revenue is derived within Egypt. Its products include Clinker, Cement and Concrete. Some of its brands are Al Mosalah and Al Nasr. It also offers delivery services through Express Wassal.