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Food Gate Trading Co (SAU:9562) Days Inventory : 17.05 (As of Jun. 2024)


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What is Food Gate Trading Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Food Gate Trading Co's Average Total Inventories for the six months ended in Jun. 2024 was ﷼2.03 Mil. Food Gate Trading Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼21.74 Mil. Hence, Food Gate Trading Co's Days Inventory for the six months ended in Jun. 2024 was 17.05.

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

SAU:9562' s Days Inventory Range Over the Past 10 Years
Min: 17.17   Med: 19.21   Max: 19.4
Current: 17.17

During the past 3 years, Food Gate Trading Co's highest Days Inventory was 19.40. The lowest was 17.17. And the median was 19.21.

SAU:9562's Days Inventory is ranked worse than
54.27% of 328 companies
in the Restaurants industry
Industry Median: 15.295 vs SAU:9562: 17.17

Food Gate Trading Co's Days Inventory declined from Jun. 2023 (20.36) to Jun. 2024 (17.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Food Gate Trading Co's Inventory Turnover for the six months ended in Jun. 2024 was 10.70.

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. Food Gate Trading Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.06.


Food Gate Trading Co Days Inventory Historical Data

The historical data trend for Food Gate Trading 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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Food Gate Trading Co Days Inventory Chart

Food Gate Trading Co Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
- 19.02 19.40

Food Gate Trading Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Inventory Get a 7-Day Free Trial 19.27 18.75 20.36 - 17.05

Competitive Comparison of Food Gate Trading Co's Days Inventory

For the Restaurants subindustry, Food Gate Trading 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.


Food Gate Trading Co's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Food Gate Trading Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Food Gate Trading Co's Days Inventory falls into.



Food Gate Trading Co Days Inventory Calculation

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

Food Gate Trading 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
=( (2.175 + 0) / 1 ) / 40.93*365
=2.175 / 40.93*365
=19.40

Food Gate Trading Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 2.031) / 1 ) / 21.737*365 / 2
=2.031 / 21.737*365 / 2
=17.05

* 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.


Food Gate Trading Co  (SAU:9562) 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.

Food Gate Trading Co's Inventory Turnover for the six months ended in Jun. 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.

Food Gate Trading Co's Inventory to Revenue for the six months ended in Jun. 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.


Food Gate Trading Co Days Inventory Related Terms

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


Food Gate Trading Co Business Description

Traded in Other Exchanges
N/A
Address
Wadi Al-Shati Street, PO Box. 12018, Alghadir, Riyadh, SAU, 13311
Food Gate Trading Co is a Saudi-owned food and beverage company, dedicated to creating signature dining concepts across a range of cuisines and culinary experiences at dining outlets.

Food Gate Trading Co Headlines

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