Arabian Contracting Services Co (SAU:4071) Inventory Turnover : 10.57 (As of Dec. 2023)

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What is Arabian Contracting Services 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. Arabian Contracting Services Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼180 Mil. Arabian Contracting Services Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼17 Mil. Arabian Contracting Services Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arabian Contracting Services Co's Days Inventory for the three months ended in Dec. 2023 was 8.63.

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. Arabian Contracting Services Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Arabian Contracting Services Co Inventory Turnover Historical Data

The historical data trend for Arabian Contracting Services 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.

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Arabian Contracting Services Co Inventory Turnover Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

25.50

25.52

39.34

39.09

Arabian Contracting Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								8.94	9.77	8.81	10.59	10.57

Arabian Contracting Services Co Inventory Turnover Calculation

Arabian Contracting Services 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 )
=	681.69	/ (	(17.532	+	17.346)	/	2 )
=	681.69	/	17.439
=	39.09

Arabian Contracting Services Co'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 )
=	179.943	/ (	(16.691	+	17.346)	/	2 )
=	179.943	/	17.0185
=	10.57

Arabian Contracting Services Co (SAU:4071) 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.

Arabian Contracting Services Co'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
	=	17.0185	/	179.943	*	365 / 4
	=	8.63

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.

Arabian Contracting Services Co'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 )
	=	17.0185	/	369.186
	=	0.05

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.

Arabian Contracting Services Co Inventory Turnover Related Terms

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Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

Arabian Contracting Services Co (SAU:4071) Headlines

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