Saudi Basic Industries (SAU:2010) Inventory Turnover : 1.45 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Saudi Basic Industries 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. Saudi Basic Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼26,823 Mil. Saudi Basic Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼18,547 Mil. Saudi Basic Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Basic Industries's Days Inventory for the three months ended in Mar. 2024 was 63.10.

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. Saudi Basic Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Saudi Basic Industries Inventory Turnover Historical Data

The historical data trend for Saudi Basic Industries'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.

* Premium members only.

Saudi Basic Industries Inventory Turnover Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.51

4.50

5.30

4.99

5.13

Saudi Basic Industries 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															1.14	1.25	1.33	1.63	1.45

Saudi Basic Industries Inventory Turnover Calculation

Saudi Basic Industries'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 )
=	119463.105	/ (	(28224.642	+	18332.223)	/	2 )
=	119463.105	/	23278.4325
=	5.13

Saudi Basic Industries'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 )
=	26823.46	/ (	(18332.223	+	18762.5)	/	2 )
=	26823.46	/	18547.3615
=	1.45

Saudi Basic Industries (SAU:2010) 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.

Saudi Basic Industries'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
	=	18547.3615	/	26823.46	*	365 / 4
	=	63.10

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.

Saudi Basic Industries'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 )
	=	18547.3615	/	32685.823
	=	0.57

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.

Saudi Basic Industries Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Saudi Basic Industries's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

Saudi Basic Industries (SAU:2010) Headlines

No Headlines