Lumi Rental Co (SAU:4262) Days Inventory : 1.98 (As of Dec. 2024)

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What is Lumi Rental Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lumi Rental Co's Average Total Inventories for the three months ended in Dec. 2024 was ﷼6 Mil. Lumi Rental Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ﷼289 Mil. Hence, Lumi Rental Co's Days Inventory for the three months ended in Dec. 2024 was 1.98.

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

SAU:4262' s Days Inventory Range Over the Past 10 Years
Min: 0.85 Med: 1.02 Max: 2.01
Current: 1.12

During the past 3 years, Lumi Rental Co's highest Days Inventory was 2.01. The lowest was 0.85. And the median was 1.02.

SAU:4262's Days Inventory is ranked better than
89.23% of 678 companies
in the Business Services industry
Industry Median: 30.61 vs SAU:4262: 1.12

Lumi Rental Co's Days Inventory increased from Dec. 2023 (0.79) to Dec. 2024 (1.98). It might indicate that Lumi Rental Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lumi Rental Co's Inventory Turnover for the three months ended in Dec. 2024 was 46.13.

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. Lumi Rental Co's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.02.

Lumi Rental Co Days Inventory Historical Data

The historical data trend for Lumi Rental 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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Lumi Rental Co Days Inventory Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Dec24

Days Inventory

1.02

0.85

2.01

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial					0.79	0.54	0.46	0.57	1.98

Competitive Comparison of Lumi Rental Co's Days Inventory

For the Rental & Leasing Services subindustry, Lumi Rental 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.

Lumi Rental Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lumi Rental Co's Days Inventory falls into.

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Lumi Rental Co Days Inventory Calculation

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

Lumi Rental Co's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1.911	+	10.365)	/	2 )	/	1111.994	*	365
=	6.138					/	1111.994	*	365
=	2.01

Lumi Rental Co's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (2.181	+	10.365)	/	2 )	/	289.348	*	365 / 4
=	6.273					/	289.348	*	365 / 4
=	1.98

Lumi Rental Co (SAU:4262) 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.

Lumi Rental Co's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	289.348	/	6.273
	=	46.13

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.

Lumi Rental Co's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.273	/	402.128
	=	0.02

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.

Lumi Rental Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Lumi Rental Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Lumi Rental Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud Bin Abdulaziz Bin Mohammed road, P.O box 6477, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company that offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has three reportable segments which are Leasing segment includes Providing vehicles on long-term leases to corporate and government customers. Rental segment includes Providing vehicles on daily, weekly, and monthly rentals to walking and corporate customers, and Used car sale segment provides the sale of vehicles that have completed their economical life as per management policy. Key revenue is generated from leasing.

Lumi Rental Co Headlines

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