Lazurde Company for Jewelry (SAU:4011) Days Inventory : 160.43 (As of Sep. 2024)

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What is Lazurde Company for Jewelry Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lazurde Company for Jewelry's Average Total Inventories for the three months ended in Sep. 2024 was ﷼978 Mil. Lazurde Company for Jewelry's Cost of Goods Sold for the three months ended in Sep. 2024 was ﷼556 Mil. Hence, Lazurde Company for Jewelry's Days Inventory for the three months ended in Sep. 2024 was 160.43.

The historical rank and industry rank for Lazurde Company for Jewelry's Days Inventory or its related term are showing as below:

SAU:4011' s Days Inventory Range Over the Past 10 Years
Min: 143.89 Med: 186.39 Max: 279.29
Current: 186.82

During the past 12 years, Lazurde Company for Jewelry's highest Days Inventory was 279.29. The lowest was 143.89. And the median was 186.39.

SAU:4011's Days Inventory is ranked worse than
74.72% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 108.325 vs SAU:4011: 186.82

Lazurde Company for Jewelry's Days Inventory increased from Sep. 2023 (148.99) to Sep. 2024 (160.43). It might indicate that Lazurde Company for Jewelry's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lazurde Company for Jewelry's Inventory Turnover for the three months ended in Sep. 2024 was 0.57.

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. Lazurde Company for Jewelry's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.56.

Lazurde Company for Jewelry Days Inventory Historical Data

The historical data trend for Lazurde Company for Jewelry'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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Lazurde Company for Jewelry Days Inventory Chart

Lazurde Company for Jewelry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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178.06

279.29

181.90

191.23

208.29

Lazurde Company for Jewelry Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															148.99	263.38	178.72	174.46	160.43

Competitive Comparison of Lazurde Company for Jewelry's Days Inventory

For the Luxury Goods subindustry, Lazurde Company for Jewelry'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.

Lazurde Company for Jewelry's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lazurde Company for Jewelry's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lazurde Company for Jewelry's Days Inventory falls into.

Lazurde Company for Jewelry Days Inventory Calculation

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

Lazurde Company for Jewelry'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
=	( (912.182	+	933.394)	/	2 )	/	1617.059	*	365
=	922.788					/	1617.059	*	365
=	208.29

Lazurde Company for Jewelry'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
=	( (914.935	+	1041.081)	/	2 )	/	556.269	*	365 / 4
=	978.008					/	556.269	*	365 / 4
=	160.43

Lazurde Company for Jewelry (SAU:4011) 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.

Lazurde Company for Jewelry's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	556.269	/	978.008
	=	0.57

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.

Lazurde Company for Jewelry's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	978.008	/	625.917
	=	1.56

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.

Lazurde Company for Jewelry Days Inventory Related Terms

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Lazurde Company for Jewelry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lazurde Company for Jewelry (SAU:4011) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Masaref Street 198, L‘azurde Jewelry, P.O. Box 41270, Banks District, Riyadh, SAU, 11521

Website

https://www.lazurde.com

Lazurde Company for Jewelry is a jewelry manufacturing company. It is engaged in the production, manufacturing, forming, and forging of golden wares, jewelry, precious stones, and golden alloys. The group has a business presence in the Kingdom of Saudi Arabia, Egypt, Qatar, Oman and the UAE. Its offers gold, diamond and silver products in the form of Necklaces, Bracelets, Rings, and Earrings, among others. It is organised into Wholesale and Retail business segments, of which key revenue is derived from the Wholesale segment.

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