Al Hassan Engineering CoOG (MUS:HECI) Days Inventory : 11.44 (As of Dec. 2020)

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What is Al Hassan Engineering CoOG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Al Hassan Engineering CoOG's Average Total Inventories for the six months ended in Dec. 2020 was ر.ع0.60 Mil. Al Hassan Engineering CoOG's Cost of Goods Sold for the six months ended in Dec. 2020 was ر.ع19.11 Mil. Hence, Al Hassan Engineering CoOG's Days Inventory for the six months ended in Dec. 2020 was 5.72.

The historical rank and industry rank for Al Hassan Engineering CoOG's Days Inventory or its related term are showing as below:

MUS:HECI's Days Inventory is not ranked ^*
in the Construction industry.
Industry Median: 49.18
* Ranked among companies with meaningful Days Inventory only.

Al Hassan Engineering CoOG's Days Inventory declined from Dec. 2018 (19.20) to Dec. 2020 (11.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Al Hassan Engineering CoOG's Inventory Turnover for the six months ended in Dec. 2020 was 31.90.

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. Al Hassan Engineering CoOG's Inventory-to-Revenue for the six months ended in Dec. 2020 was 0.03.

Al Hassan Engineering CoOG Days Inventory Historical Data

The historical data trend for Al Hassan Engineering 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.

* Premium members only.

Al Hassan Engineering CoOG Days Inventory Chart

Al Hassan Engineering CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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32.69

37.92

19.20

8.48

11.44

Al Hassan Engineering CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Days Inventory	Get a 7-Day Free Trial										32.69	37.92	19.20	8.48	11.44

Competitive Comparison of Al Hassan Engineering CoOG's Days Inventory

For the Engineering & Construction subindustry, Al Hassan Engineering 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.

Al Hassan Engineering CoOG's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Al Hassan Engineering CoOG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Al Hassan Engineering CoOG's Days Inventory falls into.

Al Hassan Engineering CoOG Days Inventory Calculation

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

Al Hassan Engineering CoOG's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.669	+	0.529)	/	2 )	/	19.11	*	365
=	0.599					/	19.11	*	365
=	11.44

Al Hassan Engineering CoOG's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0.669	+	0.529)	/	2 )	/	19.11	*	365 / 2
=	0.599					/	19.11	*	365 / 2
=	5.72

Al Hassan Engineering CoOG (MUS:HECI) 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.

Al Hassan Engineering CoOG's Inventory Turnover for the six months ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.11	/	0.599
	=	31.90

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.

Al Hassan Engineering CoOG's Inventory to Revenue for the six months ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.599	/	22.044
	=	0.03

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.

Al Hassan Engineering CoOG Days Inventory Related Terms

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

Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 1948, Muscat, OMN, 112

Website

http://www.al-hassan.com

Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

Al Hassan Engineering CoOG (MUS:HECI) Headlines

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