Ready Mix Concrete and Construction Supplies (AMM:RMCC) Inventory Turnover : 8.09 (As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ready Mix Concrete and Construction Supplies's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD9.93 Mil. Ready Mix Concrete and Construction Supplies's Average Total Inventories for the quarter that ended in Mar. 2024 was JOD1.23 Mil. Ready Mix Concrete and Construction Supplies's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.09.

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 three months ended in Mar. 2024 was 11.28.

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 0.10.

Ready Mix Concrete and Construction Supplies Inventory Turnover Historical Data

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

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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27.09

19.14

20.26

25.52

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
Inventory Turnover	Get a 7-Day Free Trial															6.20	7.73	9.40	-	8.09

Ready Mix Concrete and Construction Supplies Inventory Turnover Calculation

Ready Mix Concrete and Construction Supplies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0	/ (	(1.412	+	0)	/	1 )
=	0	/	1.412
=	0.00

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	9.93	/ (	(0	+	1.228)	/	1 )
=	9.93	/	1.228
=	8.09

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

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.228	/	9.93	*	365 / 4
	=	11.28

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.

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 (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.228	/	11.732
	=	0.10

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ready Mix Concrete and Construction Supplies Inventory Turnover Related Terms

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

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

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Traded in Other Exchanges

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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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