View United Real Estate Development Co (SAU:9591) Days Inventory : 242.73 (As of Jun. 2024)

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What is View United Real Estate Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). View United Real Estate Development Co's Average Total Inventories for the six months ended in Jun. 2024 was ﷼30.18 Mil. View United Real Estate Development Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼22.69 Mil. Hence, View United Real Estate Development Co's Days Inventory for the six months ended in Jun. 2024 was 242.73.

The historical rank and industry rank for View United Real Estate Development Co's Days Inventory or its related term are showing as below:

SAU:9591' s Days Inventory Range Over the Past 10 Years
Min: 100.71 Med: 122.3 Max: 200.58
Current: 200.58

During the past 2 years, View United Real Estate Development Co's highest Days Inventory was 200.58. The lowest was 100.71. And the median was 122.30.

SAU:9591's Days Inventory is ranked better than
75.65% of 1310 companies
in the Real Estate industry
Industry Median: 708.535 vs SAU:9591: 200.58

View United Real Estate Development Co's Days Inventory increased from Jun. 2023 (150.24) to Jun. 2024 (242.73). It might indicate that View United Real Estate Development Co's sales slowed down.

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. View United Real Estate Development Co's Inventory Turnover for the six months ended in Jun. 2024 was 0.75.

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. View United Real Estate Development Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.99.

View United Real Estate Development Co Days Inventory Historical Data

The historical data trend for View United Real Estate 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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View United Real Estate Development Co Days Inventory Chart

View United Real Estate Development Co Annual Data

Trend

Dec22

Dec23

Days Inventory

143.89

100.71

View United Real Estate Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Days Inventory	-	150.24	50.58	242.73

Competitive Comparison of View United Real Estate Development Co's Days Inventory

For the Real Estate - Development subindustry, View United Real Estate 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.

View United Real Estate Development Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, View United Real Estate Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where View United Real Estate Development Co's Days Inventory falls into.

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View United Real Estate Development Co Days Inventory Calculation

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

View United Real Estate 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
=	( (26.851	+	8.932)	/	2 )	/	64.842	*	365
=	17.8915					/	64.842	*	365
=	100.71

View United Real Estate 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
=	( (8.932	+	51.424)	/	2 )	/	22.69	*	365 / 2
=	30.178					/	22.69	*	365 / 2
=	242.73

View United Real Estate Development Co (SAU:9591) 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.

View United Real Estate 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
	=	22.69	/	30.178
	=	0.75

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.

View United Real Estate Development Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.178	/	30.402
	=	0.99

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.

View United Real Estate Development Co Days Inventory Related Terms

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View United Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » View United Real Estate Development Co (SAU:9591) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

3898 Anas Bin Malik Road, Al Yasmeen District 6577, Riyadh, SAU, 13325

Website

https://www.view.sa

View United Real Estate Development Co is a real estate development company relying on high expertise and modern technology in all stages of development and implementation to reach the architectural and construction design. The company's business activities consists of construction of residential buildings, general construction of non-residential buildings such as schools, hospitals, and hotels, purchasing and selling land and properties, off-plan sales, and management and leasing of owned or leased residential and non-residential properties.

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