ACWA Power Co (SAU:2082) Inventory Turnover : 1.29 (As of Mar. 2024)

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What is ACWA Power Co 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. ACWA Power Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼631 Mil. ACWA Power Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼489 Mil. ACWA Power Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ACWA Power Co's Days Inventory for the three months ended in Mar. 2024 was 70.72.

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. ACWA Power Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

ACWA Power Co Inventory Turnover Historical Data

The historical data trend for ACWA Power Co'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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ACWA Power Co Inventory Turnover Chart

ACWA Power Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.10

5.44

5.79

5.87

ACWA Power Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									1.49	1.39	1.47	1.47	1.29

ACWA Power Co Inventory Turnover Calculation

ACWA Power Co'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 )
=	2599.83	/ (	(406.82	+	479.322)	/	2 )
=	2599.83	/	443.071
=	5.87

ACWA Power Co'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 )
=	631.204	/ (	(479.322	+	499.124)	/	2 )
=	631.204	/	489.223
=	1.29

ACWA Power Co (SAU:2082) 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.

ACWA Power Co'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
	=	489.223	/	631.204	*	365 / 4
	=	70.72

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.

ACWA Power Co'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 )
	=	489.223	/	1251.757
	=	0.39

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.

ACWA Power Co Inventory Turnover Related Terms

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ACWA Power Co (SAU:2082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACWA Power Co (SAU:2082) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, Exit 8, P.O. Box 22616, Qurtubah District, Riyadh, SAU, 11416

Website

https://www.acwapower.com

ACWA Power Co is engaged in the development, investment, operation, and maintenance of power generation, water desalination and green hydrogen production plants and bulk sale of electricity. The company's segments include Thermal and Water Desalination; Renewables and others. It generates maximum revenue from the Thermal and Water Desalination segment.

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