Atlas Elevators General Trading and Contracting Co (SAU:9578) Days Inventory : 253.68 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Atlas Elevators General Trading and Contracting Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atlas Elevators General Trading and Contracting Co's Average Total Inventories for the six months ended in Jun. 2024 was ﷼43.76 Mil. Atlas Elevators General Trading and Contracting Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼31.48 Mil. Hence, Atlas Elevators General Trading and Contracting Co's Days Inventory for the six months ended in Jun. 2024 was 253.68.

The historical rank and industry rank for Atlas Elevators General Trading and Contracting Co's Days Inventory or its related term are showing as below:

SAU:9578' s Days Inventory Range Over the Past 10 Years
Min: 235.8 Med: 275.5 Max: 315.19
Current: 273.33

During the past 2 years, Atlas Elevators General Trading and Contracting Co's highest Days Inventory was 315.19. The lowest was 235.80. And the median was 275.50.

SAU:9578's Days Inventory is ranked worse than
94.16% of 154 companies
in the Industrial Distribution industry
Industry Median: 88.745 vs SAU:9578: 273.33

Atlas Elevators General Trading and Contracting Co's Days Inventory declined from Jun. 2023 (350.84) to Jun. 2024 (253.68).

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. Atlas Elevators General Trading and Contracting Co's Inventory Turnover for the six months ended in Jun. 2024 was 0.72.

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. Atlas Elevators General Trading and Contracting Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 1.00.

Atlas Elevators General Trading and Contracting Co Days Inventory Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co Days Inventory Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Days Inventory

235.80

315.19

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Days Inventory	-	350.84	291.96	253.68

Competitive Comparison of Atlas Elevators General Trading and Contracting Co's Days Inventory

For the Industrial Distribution subindustry, Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Atlas Elevators General Trading and Contracting Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Atlas Elevators General Trading and Contracting Co's Days Inventory falls into.

Save Embed

;

Save Embed

;

Atlas Elevators General Trading and Contracting Co Days Inventory Calculation

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

Atlas Elevators General Trading and Contracting 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
=	( (33.761	+	43.122)	/	2 )	/	44.516	*	365
=	38.4415					/	44.516	*	365
=	315.19

Atlas Elevators General Trading and Contracting 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
=	( (43.122	+	44.393)	/	2 )	/	31.479	*	365 / 2
=	43.7575					/	31.479	*	365 / 2
=	253.68

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.479	/	43.7575
	=	0.72

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.

Atlas Elevators General Trading and Contracting Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.7575	/	43.891
	=	1.00

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.

Atlas Elevators General Trading and Contracting Co Days Inventory Related Terms

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

Atlas Elevators General Trading and Contracting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

Atlas Elevators General Trading and Contracting Co Headlines

No Headlines