Saudi Company for Hardware (SAU:4008) Days Inventory : 167.45 (As of Dec. 2023)

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What is Saudi Company for Hardware Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Saudi Company for Hardware's Average Total Inventories for the three months ended in Dec. 2023 was ﷼397.4 Mil. Saudi Company for Hardware's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼216.6 Mil. Hence, Saudi Company for Hardware's Days Inventory for the three months ended in Dec. 2023 was 167.45.

The historical rank and industry rank for Saudi Company for Hardware's Days Inventory or its related term are showing as below:

SAU:4008' s Days Inventory Range Over the Past 10 Years
Min: 173 Med: 204.95 Max: 225.48
Current: 186.22

During the past 10 years, Saudi Company for Hardware's highest Days Inventory was 225.48. The lowest was 173.00. And the median was 204.95.

SAU:4008's Days Inventory is ranked worse than
73.71% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.7 vs SAU:4008: 186.22

Saudi Company for Hardware's Days Inventory increased from Dec. 2022 (145.43) to Dec. 2023 (167.45). It might indicate that Saudi Company for Hardware's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Saudi Company for Hardware's Inventory Turnover for the three months ended in Dec. 2023 was 0.54.

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. Saudi Company for Hardware's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.66.

Saudi Company for Hardware Days Inventory Historical Data

The historical data trend for Saudi Company for Hardware'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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Saudi Company for Hardware Days Inventory Chart

Saudi Company for Hardware Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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225.48

214.67

222.41

198.92

194.55

Saudi Company for Hardware Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															145.43	194.78	187.70	187.39	167.45

Competitive Comparison of Saudi Company for Hardware's Days Inventory

For the Specialty Retail subindustry, Saudi Company for Hardware'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.

Saudi Company for Hardware's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Saudi Company for Hardware's Days Inventory distribution charts can be found below:

* The bar in red indicates where Saudi Company for Hardware's Days Inventory falls into.

Saudi Company for Hardware Days Inventory Calculation

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

Saudi Company for Hardware'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
=	( (474.235	+	406.324)	/	2 )	/	826.024	*	365
=	440.2795					/	826.024	*	365
=	194.55

Saudi Company for Hardware's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (388.486	+	406.324)	/	2 )	/	216.557	*	365 / 4
=	397.405					/	216.557	*	365 / 4
=	167.45

Saudi Company for Hardware (SAU:4008) 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.

Saudi Company for Hardware's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	216.557	/	397.405
	=	0.54

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.

Saudi Company for Hardware's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	397.405	/	238.976
	=	1.66

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.

Saudi Company for Hardware Days Inventory Related Terms

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

Saudi Company for Hardware (SAU:4008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saudi Company for Hardware (SAU:4008) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Ibn Abdul Aziz Street, P.O.Box 86387, Riyadh, SAU, 11622

Website

https://www.saco.sa

Saudi Company for Hardware is engaged in retailing and wholesaling of household and office supplies and appliances, construction tools and equipment, and electrical tools and hardware. It operates in two segments, Sales of goods and Services and Logistic Services. Company generates majority of its revenue from Sales of goods segment.

Saudi Company for Hardware (SAU:4008) Headlines

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