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Arad Investment & Industrial Development (XTAE:ARAD) Days Inventory : 6.90 (As of Sep. 2024)


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What is Arad Investment & Industrial Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arad Investment & Industrial Development's Average Total Inventories for the three months ended in Sep. 2024 was ₪60 Mil. Arad Investment & Industrial Development's Cost of Goods Sold for the three months ended in Sep. 2024 was ₪799 Mil. Hence, Arad Investment & Industrial Development's Days Inventory for the three months ended in Sep. 2024 was 6.90.

The historical rank and industry rank for Arad Investment & Industrial Development's Days Inventory or its related term are showing as below:

XTAE:ARAD' s Days Inventory Range Over the Past 10 Years
Min: 9.37   Med: 43.66   Max: 132.85
Current: 9.37

During the past 9 years, Arad Investment & Industrial Development's highest Days Inventory was 132.85. The lowest was 9.37. And the median was 43.66.

XTAE:ARAD's Days Inventory is ranked better than
98.66% of 2903 companies
in the Industrial Products industry
Industry Median: 121.86 vs XTAE:ARAD: 9.37

Arad Investment & Industrial Development's Days Inventory declined from Sep. 2023 (21.51) to Sep. 2024 (6.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Arad Investment & Industrial Development's Inventory Turnover for the three months ended in Sep. 2024 was 13.22.

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. Arad Investment & Industrial Development's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.07.


Arad Investment & Industrial Development Days Inventory Historical Data

The historical data trend for Arad Investment & Industrial Development'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.

Arad Investment & Industrial Development Days Inventory Chart

Arad Investment & Industrial Development Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 48.85 38.47 33.80 24.14 17.35

Arad Investment & Industrial Development Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.51 12.68 7.62 7.62 6.90

Competitive Comparison of Arad Investment & Industrial Development's Days Inventory

For the Electrical Equipment & Parts subindustry, Arad Investment & Industrial Development'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.


Arad Investment & Industrial Development's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Arad Investment & Industrial Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arad Investment & Industrial Development's Days Inventory falls into.



Arad Investment & Industrial Development Days Inventory Calculation

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

Arad Investment & Industrial Development'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
=( (177.464 + 78.151) / 2 ) / 2688.518*365
=127.8075 / 2688.518*365
=17.35

Arad Investment & Industrial Development's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (57.78 + 63.191) / 2 ) / 799.476*365 / 4
=60.4855 / 799.476*365 / 4
=6.90

* 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.


Arad Investment & Industrial Development  (XTAE:ARAD) 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.

Arad Investment & Industrial Development's Inventory Turnover for the three months ended in Sep. 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.

Arad Investment & Industrial Development's Inventory to Revenue for the three months ended in Sep. 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.


Arad Investment & Industrial Development Days Inventory Related Terms

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


Arad Investment & Industrial Development Business Description

Traded in Other Exchanges
N/A
Address
Beit Isras, 3 Har Sini Street, Tel-Aviv, ISR, 65816
Arad Investment & Industrial Development Ltd is a holding company that invests in three core activities: real estate, information technology and construction materials.

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