Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Inventory Turnover : 27.50 (As of Dec. 2023)

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What is Al Maha Petroleum Products Marketing CoOG 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 Maha Petroleum Products Marketing CoOG's Cost of Goods Sold for the three months ended in Dec. 2023 was ر.ع124.7 Mil. Al Maha Petroleum Products Marketing CoOG's Average Total Inventories for the quarter that ended in Dec. 2023 was ر.ع4.5 Mil. Al Maha Petroleum Products Marketing CoOG's Inventory Turnover for the quarter that ended in Dec. 2023 was 27.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Maha Petroleum Products Marketing CoOG's Days Inventory for the three months ended in Dec. 2023 was 3.32.

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 Maha Petroleum Products Marketing CoOG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Al Maha Petroleum Products Marketing CoOG Inventory Turnover Historical Data

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG Inventory Turnover Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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107.32

79.36

97.83

122.05

120.08

Al Maha Petroleum Products Marketing CoOG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															33.41	30.11	28.50	26.34	27.50

Al Maha Petroleum Products Marketing CoOG Inventory Turnover Calculation

Al Maha Petroleum Products Marketing CoOG'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 )
=	470.552	/ (	(3.824	+	4.013)	/	2 )
=	470.552	/	3.9185
=	120.08

Al Maha Petroleum Products Marketing CoOG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	124.706	/ (	(5.058	+	4.013)	/	2 )
=	124.706	/	4.5355
=	27.50

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) 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 Maha Petroleum Products Marketing CoOG's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.5355	/	124.706	*	365 / 4
	=	3.32

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 Maha Petroleum Products Marketing CoOG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.5355	/	126.718
	=	0.04

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 Maha Petroleum Products Marketing CoOG Inventory Turnover Related Terms

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Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

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