Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Inventory Turnover : 0.15 (As of Mar. 2024)

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What is Bahrain Car Parks Co (Amakin) BSC 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. Bahrain Car Parks Co (Amakin) BSC's Cost of Goods Sold for the three months ended in Mar. 2024 was BHD0.01 Mil. Bahrain Car Parks Co (Amakin) BSC's Average Total Inventories for the quarter that ended in Mar. 2024 was BHD0.04 Mil. Bahrain Car Parks Co (Amakin) BSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bahrain Car Parks Co (Amakin) BSC's Days Inventory for the three months ended in Mar. 2024 was 623.54.

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. Bahrain Car Parks Co (Amakin) BSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Bahrain Car Parks Co (Amakin) BSC Inventory Turnover Historical Data

The historical data trend for Bahrain Car Parks Co (Amakin) BSC'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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Bahrain Car Parks Co (Amakin) BSC Inventory Turnover Chart

Bahrain Car Parks Co (Amakin) BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.06

0.87

1.78

Bahrain Car Parks Co (Amakin) BSC 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															0.39	0.69	0.74	0.29	0.15

Bahrain Car Parks Co (Amakin) BSC Inventory Turnover Calculation

Bahrain Car Parks Co (Amakin) BSC'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 )
=	0.111	/ (	(0.084	+	0.041)	/	2 )
=	0.111	/	0.0625
=	1.78

Bahrain Car Parks Co (Amakin) BSC'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 )
=	0.006	/ (	(0.041	+	0.041)	/	2 )
=	0.006	/	0.041
=	0.15

Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) 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.

Bahrain Car Parks Co (Amakin) BSC'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
	=	0.041	/	0.006	*	365 / 4
	=	623.54

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.

Bahrain Car Parks Co (Amakin) BSC'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 )
	=	0.041	/	0.735
	=	0.06

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.

Bahrain Car Parks Co (Amakin) BSC Inventory Turnover Related Terms

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Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Building No.128 Government Avenue, Road No. 383, 2nd Floor Office No. 2009, P.O. Box 5298, Block No.316, Car Parks & Commercial Centre, Manama, BHR

Website

https://www.carparks.bh

Bahrain Car Parks Co (Amakin) BSC is engaged in the sale of other machinery equipment and parts, other marketing promotion activities, operation of car parks, and other activities. Its business segments include Car Park Services, which provides car parks for the public in return for parking charges; Property Rental Income, which is involved in the management, maintenance, and renting of properties; and Investment and Related Services, which include trading in the financial market and investing excess funds in the primary and secondary market; Sales of equipment, which involved in trading in car parks management equipment to the client. Its Property Rental Income segment generates maximum revenue for the company. Geographically the company provides its services only to the Bahrain market.

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