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Nama Chemicals Company (SAU:2210) Inventory Turnover : 0.89 (As of Mar. 2024)


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What is Nama Chemicals Company 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. Nama Chemicals Company's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼104.5 Mil. Nama Chemicals Company's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼117.0 Mil. Nama Chemicals Company's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nama Chemicals Company's Days Inventory for the three months ended in Mar. 2024 was 102.13.

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. Nama Chemicals Company's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.19.


Nama Chemicals Company Inventory Turnover Historical Data

The historical data trend for Nama Chemicals Company'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.

Nama Chemicals Company Inventory Turnover Chart

Nama Chemicals Company Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 6.30 5.06 3.88 4.04

Nama Chemicals Company 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 1.07 1.05 1.06 0.89

Nama Chemicals Company Inventory Turnover Calculation

Nama Chemicals Company'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 )
=487.932 / ((128.078 + 113.586) / 2 )
=487.932 / 120.832
=4.04

Nama Chemicals Company'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 )
=104.501 / ((113.586 + 120.34) / 2 )
=104.501 / 116.963
=0.89

* 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.


Nama Chemicals Company  (SAU:2210) 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.

Nama Chemicals Company'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
=116.963/104.501*365 / 4
=102.13

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.

Nama Chemicals Company'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 )
=116.963 / 98.08
=1.19

* 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.


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.


Nama Chemicals Company Inventory Turnover Related Terms

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Nama Chemicals Company (SAU:2210) Business Description

Traded in Other Exchanges
N/A
Address
Jubail Industrial City, P. O. Box 11919, Jubail, SAU, 31961
Nama Chemicals Company are to own, establish , operate and manage industrial projects in the petrochemical and chemical fields and engaged in real estate operations.

Nama Chemicals Company (SAU:2210) Headlines

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