Obeikan Glass Co (SAU:9531) Days Inventory : 77.75 (As of Dec. 2023)

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What is Obeikan Glass Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Obeikan Glass Co's Average Total Inventories for the three months ended in Dec. 2023 was ﷼46.2 Mil. Obeikan Glass Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼54.2 Mil. Hence, Obeikan Glass Co's Days Inventory for the three months ended in Dec. 2023 was 77.75.

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

SAU:9531' s Days Inventory Range Over the Past 10 Years
Min: 63.27 Med: 97.55 Max: 103.26
Current: 94.82

During the past 3 years, Obeikan Glass Co's highest Days Inventory was 103.26. The lowest was 63.27. And the median was 97.55.

SAU:9531's Days Inventory is ranked worse than
68.53% of 1392 companies
in the Construction industry
Industry Median: 49.18 vs SAU:9531: 94.82

Obeikan Glass Co's Days Inventory declined from Dec. 2022 (93.84) to Dec. 2023 (77.75).

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. Obeikan Glass Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.17.

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. Obeikan Glass Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.55.

Obeikan Glass Co Days Inventory Historical Data

The historical data trend for Obeikan Glass 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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Obeikan Glass Co Days Inventory Chart

Obeikan Glass Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

63.27

97.55

103.26

Obeikan Glass Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						93.84	117.01	97.55	75.20	77.75

Competitive Comparison of Obeikan Glass Co's Days Inventory

For the Building Products & Equipment subindustry, Obeikan Glass 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.

Obeikan Glass Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Obeikan Glass Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Obeikan Glass Co's Days Inventory falls into.

Obeikan Glass Co Days Inventory Calculation

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

Obeikan Glass 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
=	( (94.769	+	43.449)	/	2 )	/	244.281	*	365
=	69.109					/	244.281	*	365
=	103.26

Obeikan Glass Co'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (48.875	+	43.449)	/	2 )	/	54.18	*	365 / 4
=	46.162					/	54.18	*	365 / 4
=	77.75

Obeikan Glass Co (SAU:9531) 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.

Obeikan Glass Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.18	/	46.162
	=	1.17

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.

Obeikan Glass Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.162	/	84.009
	=	0.55

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.

Obeikan Glass Co Days Inventory Related Terms

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

Obeikan Glass Co (SAU:9531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Obeikan Glass Co (SAU:9531) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yanbu Al Sinaiyah, Yanbu, SAU, 46459

Website

https://www.obeikanglass.sa

Obeikan Glass Co is a floating glass manufacturing company. The company is engaged in the wholesale and retail of chemicals and glass panels. It generates majority of the revenue from Kingdom of Saudi Arabia.

Obeikan Glass Co (SAU:9531) Headlines

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