Al-Ghazi Tractors (KAR:AGTL) Inventory Turnover : 1.02 (As of Mar. 2024)

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What is Al-Ghazi Tractors 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. Al-Ghazi Tractors's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨7,386 Mil. Al-Ghazi Tractors's Average Total Inventories for the quarter that ended in Mar. 2024 was ₨7,209 Mil. Al-Ghazi Tractors's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al-Ghazi Tractors's Days Inventory for the three months ended in Mar. 2024 was 89.05.

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. Al-Ghazi Tractors's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Al-Ghazi Tractors Inventory Turnover Historical Data

The historical data trend for Al-Ghazi Tractors'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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Al-Ghazi Tractors Inventory Turnover Chart

Al-Ghazi Tractors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.64

3.83

6.50

5.69

4.96

Al-Ghazi Tractors 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															0.62	1.73	2.17	1.19	1.02

Al-Ghazi Tractors Inventory Turnover Calculation

Al-Ghazi Tractors'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 )
=	28120.477	/ (	(5263.574	+	6084.499)	/	2 )
=	28120.477	/	5674.0365
=	4.96

Al-Ghazi Tractors'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 )
=	7386.468	/ (	(6084.499	+	8333.031)	/	2 )
=	7386.468	/	7208.765
=	1.02

Al-Ghazi Tractors (KAR:AGTL) 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.

Al-Ghazi Tractors'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
	=	7208.765	/	7386.468	*	365 / 4
	=	89.05

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.

Al-Ghazi Tractors'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 )
	=	7208.765	/	9496.684
	=	0.76

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.

Al-Ghazi Tractors Inventory Turnover Related Terms

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Al-Ghazi Tractors (KAR:AGTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Al-Ghazi Tractors Ltd (KAR:AGTL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK

Website

https://www.alghazitractors.com

Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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