Naseej for Technology Co (SAU:9538) Days Inventory : 1.22 (As of Dec. 2023)

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What is Naseej for Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Naseej for Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼0.6 Mil. Naseej for Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼83.0 Mil. Hence, Naseej for Technology Co's Days Inventory for the six months ended in Dec. 2023 was 1.22.

The historical rank and industry rank for Naseej for Technology Co's Days Inventory or its related term are showing as below:

SAU:9538' s Days Inventory Range Over the Past 10 Years
Min: 0.18 Med: 2.62 Max: 5.62
Current: 0.98

During the past 3 years, Naseej for Technology Co's highest Days Inventory was 5.62. The lowest was 0.18. And the median was 2.62.

SAU:9538's Days Inventory is ranked better than
87.38% of 1561 companies
in the Software industry
Industry Median: 19.53 vs SAU:9538: 0.98

Naseej for Technology Co's Days Inventory declined from Dec. 2022 (2.32) to Dec. 2023 (1.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Naseej for Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 150.16.

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. Naseej for Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Naseej for Technology Co Days Inventory Historical Data

The historical data trend for Naseej for Technology 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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Naseej for Technology Co Days Inventory Chart

Naseej for Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

5.62

2.62

0.18

Naseej for Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			5.33	5.69	2.32	1.58	1.22

Competitive Comparison of Naseej for Technology Co's Days Inventory

For the Information Technology Services subindustry, Naseej for Technology 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.

Naseej for Technology Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Naseej for Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Naseej for Technology Co's Days Inventory falls into.

Naseej for Technology Co Days Inventory Calculation

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

Naseej for Technology 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
=	( (0.102	+	0.044)	/	2 )	/	150.367	*	365
=	0.073					/	150.367	*	365
=	0.18

Naseej for Technology Co'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.062	+	0.044)	/	2 )	/	83.04	*	365 / 2
=	0.553					/	83.04	*	365 / 2
=	1.22

Naseej for Technology Co (SAU:9538) 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.

Naseej for Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.04	/	0.553
	=	150.16

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.

Naseej for Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.553	/	124.356
	=	0.00

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.

Naseej for Technology Co Days Inventory Related Terms

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

Naseej for Technology Co (SAU:9538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Naseej for Technology Co (SAU:9538) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahsa Road,, P.O Box : 20129, Building Number 7593, Ground floor, Riyadh, SAU, 11455

Website

https://www.naseej.com

Naseej for Technology Co offers comprehensive digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations, and large corporations. The company's reportable segments are KAM solutions, Education solutions and E-solutions.

Naseej for Technology Co (SAU:9538) Headlines

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