Bena Steel Industries Co (SAU:9563) Days Inventory : 97.85 (As of Jun. 2023)

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What is Bena Steel Industries Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bena Steel Industries Co's Average Total Inventories for the six months ended in Jun. 2023 was ﷼107.2 Mil. Bena Steel Industries Co's Cost of Goods Sold for the six months ended in Jun. 2023 was ﷼200.0 Mil. Hence, Bena Steel Industries Co's Days Inventory for the six months ended in Jun. 2023 was 97.85.

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

SAU:9563' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 195.7
Current: 195.7

During the past 0 years, Bena Steel Industries Co's highest Days Inventory was 195.70. The lowest was 0.00. And the median was 0.00.

SAU:9563's Days Inventory is ranked worse than
89.86% of 572 companies
in the Steel industry
Industry Median: 88.66 vs SAU:9563: 195.70

Bena Steel Industries Co's Days Inventory increased from . 20 (0.00) to Jun. 2023 (97.85). It might indicate that Bena Steel Industries Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bena Steel Industries Co's Inventory Turnover for the six months ended in Jun. 2023 was 1.87.

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. Bena Steel Industries Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.50.

Bena Steel Industries Co Days Inventory Historical Data

The historical data trend for Bena Steel Industries 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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Bena Steel Industries Co Days Inventory Chart

Bena Steel Industries Co Annual Data

Trend

Days Inventory

Bena Steel Industries Co Semi-Annual Data
	Jun22	Jun23
Days Inventory	-	97.85

Competitive Comparison of Bena Steel Industries Co's Days Inventory

For the Steel subindustry, Bena Steel Industries 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.

Bena Steel Industries Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bena Steel Industries Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bena Steel Industries Co's Days Inventory falls into.

Bena Steel Industries Co Days Inventory Calculation

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

Bena Steel Industries Co's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Bena Steel Industries Co's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	107.237)	/	1 )	/	200.012	*	365 / 2
=	107.237					/	200.012	*	365 / 2
=	97.85

Bena Steel Industries Co (SAU:9563) 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.

Bena Steel Industries Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	200.012	/	107.237
	=	1.87

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.

Bena Steel Industries Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.237	/	216.436
	=	0.50

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.

Bena Steel Industries Co Days Inventory Related Terms

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Bena Steel Industries Co (SAU:9563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bena Steel Industries Co (SAU:9563) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4781 King Fahad Ibn Abdulaziz Road 34th Street, 1st Industrial City, Dammam, SAU, 32234-7789

Website

https://www.benasteel.com

Bena Steel Industries Co is a manufacturer of sheets, plates, tape rolls, rods, skewers, angles, wires, and clips of all shapes and sizes. It engages in the manufacturing of pipes and hollow shapes of iron and steel. In addition, it manufactures and installs prefabricated steel structures for refinery and refining units.

Bena Steel Industries Co (SAU:9563) Headlines

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