Ready Mix Concrete and Construction Supplies (AMM:RMCC) Change In Inventory : JOD0.17 Mil (TTM As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies Change In Inventory?

Ready Mix Concrete and Construction Supplies's change in inventory for the quarter that ended in Mar. 2024 was JOD0.03 Mil. It means Ready Mix Concrete and Construction Supplies's inventory declined by JOD0.03 Mil from Dec. 2023 to Mar. 2024 .

Ready Mix Concrete and Construction Supplies's change in inventory for the fiscal year that ended in Dec. 2023 was JOD0.00 Mil. It means Ready Mix Concrete and Construction Supplies's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Ready Mix Concrete and Construction Supplies's Total Inventories for the quarter that ended in Mar. 2024 was JOD1.23 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ready Mix Concrete and Construction Supplies's Days Inventory for the quarter that ended in Mar. 2024 was 5.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ready Mix Concrete and Construction Supplies's Inventory Turnover for the quarter that ended in Mar. 2024 was 16.17.

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. Ready Mix Concrete and Construction Supplies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Ready Mix Concrete and Construction Supplies Change In Inventory Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies's Change In 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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Ready Mix Concrete and Construction Supplies Change In Inventory Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.05

0.04

-0.48

Ready Mix Concrete and Construction Supplies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.01	0.18	-0.04	-	0.03

Ready Mix Concrete and Construction Supplies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD0.17 Mil.

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Change In Inventory Explanation

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

Ready Mix Concrete and Construction Supplies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.614	/	9.93	*	365 / 4
	=	5.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ready Mix Concrete and Construction Supplies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.93	/	0.614
	=	16.17

3. 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.

Ready Mix Concrete and Construction Supplies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.614	/	11.732
	=	0.05

Ready Mix Concrete and Construction Supplies Change In Inventory Related Terms

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Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

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