Saudi Lime Industries Co (SAU:9566) Days Inventory : 131.89 (As of Dec. 2023)

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What is Saudi Lime Industries Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Saudi Lime Industries Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼30.9 Mil. Saudi Lime Industries Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼42.8 Mil. Hence, Saudi Lime Industries Co's Days Inventory for the six months ended in Dec. 2023 was 131.89.

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

SAU:9566' s Days Inventory Range Over the Past 10 Years
Min: 126.04 Med: 129.41 Max: 132.78
Current: 130.29

During the past 2 years, Saudi Lime Industries Co's highest Days Inventory was 132.78. The lowest was 126.04. And the median was 129.41.

SAU:9566's Days Inventory is ranked worse than
72.62% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs SAU:9566: 130.29

Saudi Lime Industries Co's Days Inventory increased from Dec. 2022 (126.53) to Dec. 2023 (131.89). It might indicate that Saudi Lime Industries Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Saudi Lime Industries Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.38.

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 Lime Industries Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.39.

Saudi Lime Industries Co Days Inventory Historical Data

The historical data trend for Saudi Lime Industries 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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Saudi Lime Industries Co Days Inventory Chart

Saudi Lime Industries Co Annual Data

Trend

Dec22

Dec23

Days Inventory

126.04

132.78

Saudi Lime Industries Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	126.53	126.04	131.89

Competitive Comparison of Saudi Lime Industries Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Saudi Lime Industries 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.

Saudi Lime Industries Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Saudi Lime Industries Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Saudi Lime Industries Co's Days Inventory falls into.

Saudi Lime Industries Co Days Inventory Calculation

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

Saudi Lime Industries 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
=	( (27.363	+	33.216)	/	2 )	/	83.266	*	365
=	30.2895					/	83.266	*	365
=	132.78

Saudi Lime Industries 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
=	( (28.587	+	33.216)	/	2 )	/	42.759	*	365 / 2
=	30.9015					/	42.759	*	365 / 2
=	131.89

Saudi Lime Industries Co (SAU:9566) 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 Lime Industries Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.759	/	30.9015
	=	1.38

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.9015	/	78.443
	=	0.39

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 Lime Industries Co Days Inventory Related Terms

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

Saudi Lime Industries Co (SAU:9566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saudi Lime Industries Co (SAU:9566) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383

Website

https://saudilime.com

Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

Saudi Lime Industries Co (SAU:9566) Headlines

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