Mulkia Gulf Real Estate REIT (SAU:4336) Days Inventory : 1.60 (As of Dec. 2023)

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What is Mulkia Gulf Real Estate REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mulkia Gulf Real Estate REIT's Average Total Inventories for the six months ended in Dec. 2023 was ﷼0.3 Mil. Mulkia Gulf Real Estate REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼30.5 Mil. Hence, Mulkia Gulf Real Estate REIT's Days Inventory for the six months ended in Dec. 2023 was 1.60.

The historical rank and industry rank for Mulkia Gulf Real Estate REIT's Days Inventory or its related term are showing as below:

SAU:4336' s Days Inventory Range Over the Past 10 Years
Min: 2.37 Med: 2.45 Max: 2.53
Current: 2.43

During the past 7 years, Mulkia Gulf Real Estate REIT's highest Days Inventory was 2.53. The lowest was 2.37. And the median was 2.45.

SAU:4336's Days Inventory is ranked better than
89.26% of 149 companies
in the REITs industry
Industry Median: 95.27 vs SAU:4336: 2.43

Mulkia Gulf Real Estate REIT's Days Inventory declined from Dec. 2022 (1.81) to Dec. 2023 (1.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mulkia Gulf Real Estate REIT's Inventory Turnover for the six months ended in Dec. 2023 was 114.31.

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. Mulkia Gulf Real Estate REIT's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Mulkia Gulf Real Estate REIT Days Inventory Historical Data

The historical data trend for Mulkia Gulf Real Estate REIT'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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Mulkia Gulf Real Estate REIT Days Inventory Chart

Mulkia Gulf Real Estate REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.53

2.37

Mulkia Gulf Real Estate REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial								-	-	1.81	5.66	1.60

Competitive Comparison of Mulkia Gulf Real Estate REIT's Days Inventory

For the REIT - Diversified subindustry, Mulkia Gulf Real Estate REIT'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.

Mulkia Gulf Real Estate REIT's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mulkia Gulf Real Estate REIT's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mulkia Gulf Real Estate REIT's Days Inventory falls into.

Mulkia Gulf Real Estate REIT Days Inventory Calculation

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

Mulkia Gulf Real Estate REIT'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
=	( (0.24	+	0.264)	/	2 )	/	38.743	*	365
=	0.252					/	38.743	*	365
=	2.37

Mulkia Gulf Real Estate REIT's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.27	+	0.264)	/	2 )	/	30.522	*	365 / 2
=	0.267					/	30.522	*	365 / 2
=	1.60

Mulkia Gulf Real Estate REIT (SAU:4336) 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.

Mulkia Gulf Real Estate REIT's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.522	/	0.267
	=	114.31

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.

Mulkia Gulf Real Estate REIT's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.267	/	59.513
	=	0.00

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.

Mulkia Gulf Real Estate REIT Days Inventory Related Terms

Thank you for viewing the detailed overview of Mulkia Gulf Real Estate REIT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Mulkia Gulf Real Estate REIT (SAU:4336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mulkia Gulf Real Estate REIT (SAU:4336) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Prince Mohammed Ibn Abdulaziz Road (Tahlia Street), P.O. Box 52775, Al-Olaya Area, Aknaz Commercial Center (184), Office (3), Riyadh, SAU, 11573

Website

https://www.mulkia.com.sa

Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The company is engaged in acquiring a number of income generating real estates, which are under four specific real estate assets in major cities within Saudi Arabia.

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