Arabian Plastic Industrial Co (SAU:9548) Days Inventory : 128.74 (As of Dec. 2023)

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What is Arabian Plastic Industrial Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arabian Plastic Industrial Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼42.7 Mil. Arabian Plastic Industrial Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼60.5 Mil. Hence, Arabian Plastic Industrial Co's Days Inventory for the six months ended in Dec. 2023 was 128.74.

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

SAU:9548' s Days Inventory Range Over the Past 10 Years
Min: 96.77 Med: 110.51 Max: 123.74
Current: 117.23

During the past 4 years, Arabian Plastic Industrial Co's highest Days Inventory was 123.74. The lowest was 96.77. And the median was 110.51.

SAU:9548's Days Inventory is ranked worse than
70.01% of 1487 companies
in the Chemicals industry
Industry Median: 81.73 vs SAU:9548: 117.23

Arabian Plastic Industrial Co's Days Inventory increased from Dec. 2022 (101.46) to Dec. 2023 (128.74). It might indicate that Arabian Plastic Industrial Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arabian Plastic Industrial Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.42.

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. Arabian Plastic Industrial Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.58.

Arabian Plastic Industrial Co Days Inventory Historical Data

The historical data trend for Arabian Plastic Industrial 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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Arabian Plastic Industrial Co Days Inventory Chart

Arabian Plastic Industrial Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

115.99

105.03

96.77

123.74

Arabian Plastic Industrial Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			115.83	92.84	101.46	100.84	128.74

Competitive Comparison of Arabian Plastic Industrial Co's Days Inventory

For the Specialty Chemicals subindustry, Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arabian Plastic Industrial Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arabian Plastic Industrial Co's Days Inventory falls into.

Arabian Plastic Industrial Co Days Inventory Calculation

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

Arabian Plastic Industrial 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
=	( (38.494	+	48.704)	/	2 )	/	128.609	*	365
=	43.599					/	128.609	*	365
=	123.74

Arabian Plastic Industrial 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.719	+	48.704)	/	2 )	/	60.546	*	365 / 2
=	42.7115					/	60.546	*	365 / 2
=	128.74

Arabian Plastic Industrial Co (SAU:9548) 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.

Arabian Plastic Industrial Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.546	/	42.7115
	=	1.42

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.

Arabian Plastic Industrial Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.7115	/	74.178
	=	0.58

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.

Arabian Plastic Industrial Co Days Inventory Related Terms

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

Arabian Plastic Industrial Co (SAU:9548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street 45, Phase 3, Industrial City 1, Jeddah, SAU

Website

https://www.apico.com.sa

Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

Arabian Plastic Industrial Co (SAU:9548) Headlines

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