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Siniora Food Industries (AMM:SNRA) Days Inventory : 64.63 (As of Mar. 2024)


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What is Siniora Food Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Siniora Food Industries's Average Total Inventories for the three months ended in Mar. 2024 was JOD20.8 Mil. Siniora Food Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD29.3 Mil. Hence, Siniora Food Industries's Days Inventory for the three months ended in Mar. 2024 was 64.63.

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

AMM:SNRA' s Days Inventory Range Over the Past 10 Years
Min: 65.65   Med: 83.1   Max: 96.96
Current: 69.29

During the past 13 years, Siniora Food Industries's highest Days Inventory was 96.96. The lowest was 65.65. And the median was 83.10.

AMM:SNRA's Days Inventory is ranked better than
59.1% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs AMM:SNRA: 69.29

Siniora Food Industries's Days Inventory declined from Mar. 2023 (75.84) to Mar. 2024 (64.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Siniora Food Industries's Inventory Turnover for the three months ended in Mar. 2024 was 1.41.

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. Siniora Food Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.53.


Siniora Food Industries Days Inventory Historical Data

The historical data trend for Siniora Food Industries'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.

Siniora Food Industries Days Inventory Chart

Siniora Food Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.99 87.01 65.65 71.31 72.52

Siniora Food Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 75.84 84.67 62.82 67.47 64.63

Competitive Comparison of Siniora Food Industries's Days Inventory

For the Packaged Foods subindustry, Siniora Food Industries'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.


Siniora Food Industries's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Siniora Food Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Siniora Food Industries's Days Inventory falls into.



Siniora Food Industries Days Inventory Calculation

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

Siniora Food Industries'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
=( (21.957 + 20.629) / 2 ) / 107.163*365
=21.293 / 107.163*365
=72.52

Siniora Food Industries's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (20.629 + 20.929) / 2 ) / 29.336*365 / 4
=20.779 / 29.336*365 / 4
=64.63

* 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.


Siniora Food Industries  (AMM:SNRA) 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.

Siniora Food Industries's Inventory Turnover for the three months ended in Mar. 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.

Siniora Food Industries's Inventory to Revenue for the three months ended in Mar. 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.


Siniora Food Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of Siniora Food Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Siniora Food Industries (AMM:SNRA) Business Description

Traded in Other Exchanges
N/A
Address
King Abdullah II Bin Al-Hussein Industrial Estate, P.O. Box 191, Sahab, Amman, JOR, 11512
Siniora Food Industries is a processed meat food company. Its objectives are producing, selling and buying meat and its byproducts; importing and exporting the necessary raw materials; and producing food products and trading. The company generates maximum revenue from Outside the Kingdom.

Siniora Food Industries (AMM:SNRA) Headlines

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