Arabian Cement Co (CAI:ARCC) Inventory Turnover : 1.49 (As of Mar. 2024)

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What is Arabian Cement 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. Arabian Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was E£1,420 Mil. Arabian Cement Co's Average Total Inventories for the quarter that ended in Mar. 2024 was E£955 Mil. Arabian Cement Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arabian Cement Co's Days Inventory for the three months ended in Mar. 2024 was 61.38.

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. Arabian Cement Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Arabian Cement Co Inventory Turnover Historical Data

The historical data trend for Arabian Cement 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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Arabian Cement Co Inventory Turnover Chart

Arabian Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.86

15.08

6.17

7.62

5.91

Arabian Cement Co 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															2.05	2.03	1.58	1.20	1.49

Arabian Cement Co Inventory Turnover Calculation

Arabian Cement 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 )
=	4759.815	/ (	(624.486	+	986.106)	/	2 )
=	4759.815	/	805.296
=	5.91

Arabian Cement 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 )
=	1420.387	/ (	(986.106	+	924.782)	/	2 )
=	1420.387	/	955.444
=	1.49

Arabian Cement Co (CAI:ARCC) 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.

Arabian Cement 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
	=	955.444	/	1420.387	*	365 / 4
	=	61.38

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.

Arabian Cement 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 )
	=	955.444	/	1937.764
	=	0.49

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.

Arabian Cement Co Inventory Turnover Related Terms

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Arabian Cement Co (CAI:ARCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Arabian Cement Co (CAI:ARCC) » Definitions » Inventory Turnover

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Address

Gamal Abdel Naser Square (Gharb Arabella), Fifth Settlement Arabella Plaza, 5th Floor, Office Building (A), New Cairo, EGY, 11835

Website

http://www.arabiancement.com

Arabian Cement Co is engaged in the business of manufacturing and selling clinker, cement, and other related products and usage of mines and extraction of all mining materials required to produce construction materials and road transportation of all the company's products. The company sells its products in Egypt and exports it to other countries, of which key revenue is derived within Egypt. Its products include Clinker, Cement and Concrete. Some of its brands are Al Mosalah and Al Nasr. It also offers delivery services through Express Wassal.