Saudi Kayan Petrochemical Co (SAU:2350) Inventory Turnover : 1.75 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Saudi Kayan Petrochemical 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. Saudi Kayan Petrochemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼2,251 Mil. Saudi Kayan Petrochemical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼1,283 Mil. Saudi Kayan Petrochemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Kayan Petrochemical Co's Days Inventory for the three months ended in Mar. 2024 was 52.00.

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 Kayan Petrochemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Saudi Kayan Petrochemical Co Inventory Turnover Historical Data

The historical data trend for Saudi Kayan Petrochemical 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.

* Premium members only.

Saudi Kayan Petrochemical Co Inventory Turnover Chart

Saudi Kayan Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.64

5.72

5.94

7.17

6.92

Saudi Kayan Petrochemical 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															1.42	1.65	1.70	1.89	1.75

Saudi Kayan Petrochemical Co Inventory Turnover Calculation

Saudi Kayan Petrochemical 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 )
=	9017.085	/ (	(1381.467	+	1225.662)	/	2 )
=	9017.085	/	1303.5645
=	6.92

Saudi Kayan Petrochemical 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 )
=	2250.661	/ (	(1225.662	+	1339.523)	/	2 )
=	2250.661	/	1282.5925
=	1.75

Saudi Kayan Petrochemical Co (SAU:2350) 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 Kayan Petrochemical 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
	=	1282.5925	/	2250.661	*	365 / 4
	=	52.00

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 Kayan Petrochemical 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 )
	=	1282.5925	/	1975.84
	=	0.65

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 Kayan Petrochemical Co Inventory Turnover Related Terms

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

Saudi Kayan Petrochemical Co (SAU:2350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Kayan Petrochemical Co (SAU:2350) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 10302, Al Jubail Industrial City, Al-Jubail, SAU, 31961

Website

https://www.saudikayan.com

Saudi Kayan Petrochemical Co is engaged in manufacturing a wide range of petrochemicals products. Its product portfolio consists of polypropylene, propylene, acetone, polyethylene, ethoxylate, ethylene, ethylene glycol, bisphenol, ethanolamine, industrial fatty alcohol, polycarbonate and other petrochemical products.

Saudi Kayan Petrochemical Co (SAU:2350) Headlines

No Headlines