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Ash-Sharqiyah Development Co (SAU:6060) Days Inventory : 50.73 (As of Sep. 2024)


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What is Ash-Sharqiyah Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ash-Sharqiyah Development Co's Average Total Inventories for the three months ended in Sep. 2024 was ﷼19.86 Mil. Ash-Sharqiyah Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ﷼35.73 Mil. Hence, Ash-Sharqiyah Development Co's Days Inventory for the three months ended in Sep. 2024 was 50.73.

The historical rank and industry rank for Ash-Sharqiyah Development Co's Days Inventory or its related term are showing as below:

SAU:6060' s Days Inventory Range Over the Past 10 Years
Min: 43.21   Med: 81.68   Max: 177.97
Current: 152.4

During the past 13 years, Ash-Sharqiyah Development Co's highest Days Inventory was 177.97. The lowest was 43.21. And the median was 81.68.

SAU:6060's Days Inventory is ranked worse than
79.26% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 81.645 vs SAU:6060: 152.40

Ash-Sharqiyah Development Co's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (50.73). It might indicate that Ash-Sharqiyah Development Co'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. Ash-Sharqiyah Development Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.80.

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. Ash-Sharqiyah Development Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.51.


Ash-Sharqiyah Development Co Days Inventory Historical Data

The historical data trend for Ash-Sharqiyah Development 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.

* Premium members only.

Ash-Sharqiyah Development Co Days Inventory Chart

Ash-Sharqiyah Development Co Annual Data
Trend Dec12 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.00 - - - -

Ash-Sharqiyah Development Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 139.13 50.73

Competitive Comparison of Ash-Sharqiyah Development Co's Days Inventory

For the Farm Products subindustry, Ash-Sharqiyah Development 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.


Ash-Sharqiyah Development Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ash-Sharqiyah Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ash-Sharqiyah Development Co's Days Inventory falls into.


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Ash-Sharqiyah Development Co Days Inventory Calculation

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

Ash-Sharqiyah Development Co'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 + 0) / 1 ) / 0*365
=0 / 0*365
=N/A

Ash-Sharqiyah Development Co'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
=( (18.049 + 21.672) / 2 ) / 35.727*365 / 4
=19.8605 / 35.727*365 / 4
=50.73

* 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.


Ash-Sharqiyah Development Co  (SAU:6060) 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.

Ash-Sharqiyah Development Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Ash-Sharqiyah Development Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


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.


Ash-Sharqiyah Development Co Days Inventory Related Terms

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


Ash-Sharqiyah Development Co Business Description

Traded in Other Exchanges
N/A
Address
2592 King Khaled Street, Unit Number 8, Dammam, SAU, 32244-7849
Ash-Sharqiyah Development Co is a Saudi Arabia-based company engaged in the production and distribution of agricultural and animal products. It engages in animal husbandry activities, including the production of fresh milk; calf breeding; calves fattening; sheep production; and the production of biofertilizers and honey.

Ash-Sharqiyah Development Co Headlines

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