Thevola Group (SAU:2050) Days Inventory : 58.47 (As of Mar. 2024)

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What is Thevola Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thevola Group's Average Total Inventories for the three months ended in Mar. 2024 was ﷼3,949 Mil. Thevola Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼6,163 Mil. Hence, Thevola Group's Days Inventory for the three months ended in Mar. 2024 was 58.47.

The historical rank and industry rank for Thevola Group's Days Inventory or its related term are showing as below:

SAU:2050' s Days Inventory Range Over the Past 10 Years
Min: 58.12 Med: 63.55 Max: 85.55
Current: 69.56

During the past 13 years, Thevola Group's highest Days Inventory was 85.55. The lowest was 58.12. And the median was 63.55.

SAU:2050's Days Inventory is ranked better than
58.71% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs SAU:2050: 69.56

Thevola Group's Days Inventory declined from Mar. 2023 (63.37) to Mar. 2024 (58.47).

Inventory Turnover measures how fast the company turns over its inventory within a year. Thevola Group's Inventory Turnover for the three months ended in Mar. 2024 was 1.56.

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. Thevola Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.

Thevola Group Days Inventory Historical Data

The historical data trend for Thevola Group'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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Thevola Group Days Inventory Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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58.12

62.24

60.28

64.86

75.89

Thevola Group 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															63.37	79.36	74.20	71.84	58.47

Competitive Comparison of Thevola Group's Days Inventory

For the Packaged Foods subindustry, Thevola Group'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.

Thevola Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Thevola Group's Days Inventory falls into.

Thevola Group Days Inventory Calculation

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

Thevola Group'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
=	( (4637.024	+	4251.886)	/	2 )	/	21374.973	*	365
=	4444.455					/	21374.973	*	365
=	75.89

Thevola Group'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
=	( (4251.886	+	3646.453)	/	2 )	/	6163.14	*	365 / 4
=	3949.1695					/	6163.14	*	365 / 4
=	58.47

Thevola Group (SAU:2050) 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.

Thevola Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6163.14	/	3949.1695
	=	1.56

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.

Thevola Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3949.1695	/	7781.87
	=	0.51

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.

Thevola Group Days Inventory Related Terms

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

Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

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