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Arabian Internet and Communications Services Co (SAU:7202) Inventory Turnover : 11.24 (As of Mar. 2024)


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What is Arabian Internet and Communications 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 Internet and Communications Services Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼2,189 Mil. Arabian Internet and Communications Services Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼195 Mil. Arabian Internet and Communications Services Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arabian Internet and Communications Services Co's Days Inventory for the three months ended in Mar. 2024 was 8.12.

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 Internet and Communications Services Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.


Arabian Internet and Communications Services Co Inventory Turnover Historical Data

The historical data trend for Arabian Internet and Communications 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.

* Premium members only.

Arabian Internet and Communications Services Co Inventory Turnover Chart

Arabian Internet and Communications Services Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
48.67 28.47 22.78 29.57

Arabian Internet and Communications Services Co Quarterly Data
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 7.11 8.35 8.34 9.32 11.24

Arabian Internet and Communications Services Co Inventory Turnover Calculation

Arabian Internet and Communications 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 )
=8442.875 / ((322.437 + 248.553) / 2 )
=8442.875 / 285.495
=29.57

Arabian Internet and Communications Services 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 )
=2189.187 / ((248.553 + 140.922) / 2 )
=2189.187 / 194.7375
=11.24

* 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.


Arabian Internet and Communications Services Co  (SAU:7202) 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 Internet and Communications Services 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
=194.7375/2189.187*365 / 4
=8.12

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 Internet and Communications Services 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 )
=194.7375 / 2808.648
=0.07

* 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.


Arabian Internet and Communications Services Co Inventory Turnover Related Terms

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Arabian Internet and Communications Services Co (SAU:7202) Business Description

Traded in Other Exchanges
N/A
Address
Olaya Street, P.O. Box 50, Riyadh, SAU, 11372
Arabian Internet and Communications Services Co is an information and communication company. The company has three segments namely Core ICT Services, IT Managed and Operational Services and Digital Services. It derives majority of the revenue from Core ICT Services.

Arabian Internet and Communications Services Co (SAU:7202) Headlines

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