Riyal Investment And Development Co (SAU:9584) Days Inventory : 30.42 (As of Jun. 2024)

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What is Riyal Investment And Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Riyal Investment And Development Co's Average Total Inventories for the six months ended in Jun. 2024 was ﷼7.1 Mil. Riyal Investment And Development Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼42.9 Mil. Hence, Riyal Investment And Development Co's Days Inventory for the six months ended in Jun. 2024 was 30.42.

The historical rank and industry rank for Riyal Investment And Development Co's Days Inventory or its related term are showing as below:

SAU:9584' s Days Inventory Range Over the Past 10 Years
Min: 0.34 Med: 9.98 Max: 30.92
Current: 30.92

During the past 2 years, Riyal Investment And Development Co's highest Days Inventory was 30.92. The lowest was 0.34. And the median was 9.98.

SAU:9584's Days Inventory is ranked worse than
50.29% of 678 companies
in the Business Services industry
Industry Median: 30.61 vs SAU:9584: 30.92

Riyal Investment And Development Co's Days Inventory increased from Jun. 2023 (0.71) to Jun. 2024 (30.42). It might indicate that Riyal Investment And Development Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Riyal Investment And Development Co's Inventory Turnover for the six months ended in Jun. 2024 was 6.00.

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. Riyal Investment And Development Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.10.

Riyal Investment And Development Co Days Inventory Historical Data

The historical data trend for Riyal Investment And Development 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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Riyal Investment And Development Co Days Inventory Chart

Riyal Investment And Development Co Annual Data

Trend

Dec22

Dec23

Days Inventory

0.34

19.61

Riyal Investment And Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Days Inventory	-	0.71	35.89	30.42

Competitive Comparison of Riyal Investment And Development Co's Days Inventory

For the Rental & Leasing Services subindustry, Riyal Investment And Development 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.

Riyal Investment And Development Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Riyal Investment And Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Riyal Investment And Development Co's Days Inventory falls into.

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Riyal Investment And Development Co Days Inventory Calculation

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

Riyal Investment And Development 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
=	( (0.14	+	8.162)	/	2 )	/	77.262	*	365
=	4.151					/	77.262	*	365
=	19.61

Riyal Investment And Development 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
=	( (8.162	+	6.137)	/	2 )	/	42.887	*	365 / 2
=	7.1495					/	42.887	*	365 / 2
=	30.42

Riyal Investment And Development Co (SAU:9584) 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.

Riyal Investment And Development Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.887	/	7.1495
	=	6.00

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.

Riyal Investment And Development Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.1495	/	68.891
	=	0.10

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.

Riyal Investment And Development Co Days Inventory Related Terms

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

Riyal Investment And Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Riyal Investment And Development Co (SAU:9584) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jubail Highway, P.O. Box 9494, Dammam, SAU, 31451

Website

https://www.riyalmotors.com

Riyal Investment And Development Co is engaged in leasing vehicles and buses, trading activities (export, import, brokerage, and marketing for others) in the non-money exchange business, establishing and operating workshops for vehicles, equipment, wholesale and retail sales and export and import in vehicles spare parts and wheels. It has two segments; Lease of Vehicles and Sale of Vehicles. The company derives maximum revenue from the lease of Vehicles Segment.

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