Abraj Energy Services CoOG (MUS:ABRJ) Days Inventory : 93.03 (As of Sep. 2024)

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What is Abraj Energy Services CoOG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abraj Energy Services CoOG's Average Total Inventories for the three months ended in Sep. 2024 was ر.ع28.1 Mil. Abraj Energy Services CoOG's Cost of Goods Sold for the three months ended in Sep. 2024 was ر.ع27.6 Mil. Hence, Abraj Energy Services CoOG's Days Inventory for the three months ended in Sep. 2024 was 93.03.

The historical rank and industry rank for Abraj Energy Services CoOG's Days Inventory or its related term are showing as below:

MUS:ABRJ' s Days Inventory Range Over the Past 10 Years
Min: 65.53 Med: 67.48 Max: 82.47
Current: 82.47

During the past 2 years, Abraj Energy Services CoOG's highest Days Inventory was 82.47. The lowest was 65.53. And the median was 67.48.

MUS:ABRJ's Days Inventory is ranked worse than
82.29% of 700 companies
in the Oil & Gas industry
Industry Median: 32.205 vs MUS:ABRJ: 82.47

Abraj Energy Services CoOG's Days Inventory increased from Sep. 2023 (74.05) to Sep. 2024 (93.03). It might indicate that Abraj Energy Services CoOG'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. Abraj Energy Services CoOG's Inventory Turnover for the three months ended in Sep. 2024 was 0.98.

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. Abraj Energy Services CoOG's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.77.

Abraj Energy Services CoOG Days Inventory Historical Data

The historical data trend for Abraj Energy Services CoOG'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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Abraj Energy Services CoOG Days Inventory Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

Days Inventory

65.53

69.43

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial						74.05	74.08	78.33	85.16	93.03

Competitive Comparison of Abraj Energy Services CoOG's Days Inventory

For the Oil & Gas Drilling subindustry, Abraj Energy Services CoOG'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.

Abraj Energy Services CoOG's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Abraj Energy Services CoOG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Abraj Energy Services CoOG's Days Inventory falls into.

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Abraj Energy Services CoOG Days Inventory Calculation

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

Abraj Energy Services CoOG'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
=	( (18.605	+	23.786)	/	2 )	/	111.43	*	365
=	21.1955					/	111.43	*	365
=	69.43

Abraj Energy Services CoOG's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (27.724	+	28.531)	/	2 )	/	27.589	*	365 / 4
=	28.1275					/	27.589	*	365 / 4
=	93.03

Abraj Energy Services CoOG (MUS:ABRJ) 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.

Abraj Energy Services CoOG's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.589	/	28.1275
	=	0.98

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.

Abraj Energy Services CoOG's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.1275	/	36.347
	=	0.77

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.

Abraj Energy Services CoOG Days Inventory Related Terms

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

Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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