Canadian Medical Center Co (SAU:9518) Inventory Turnover : 8.05 (As of Dec. 2023)

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What is Canadian Medical Center 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. Canadian Medical Center Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼37.8 Mil. Canadian Medical Center Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼4.7 Mil. Canadian Medical Center Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canadian Medical Center Co's Days Inventory for the six months ended in Dec. 2023 was 22.66.

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. Canadian Medical Center Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Canadian Medical Center Co Inventory Turnover Historical Data

The historical data trend for Canadian Medical Center 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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Canadian Medical Center Co Inventory Turnover Chart

Canadian Medical Center Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

197.98

42.82

17.34

15.82

Canadian Medical Center Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			25.16	11.76	8.42	6.31	8.05

Canadian Medical Center Co Inventory Turnover Calculation

Canadian Medical Center 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 )
=	68.801	/ (	(4.567	+	4.133)	/	2 )
=	68.801	/	4.35
=	15.82

Canadian Medical Center 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	37.796	/ (	(5.253	+	4.133)	/	2 )
=	37.796	/	4.693
=	8.05

Canadian Medical Center Co (SAU:9518) 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.

Canadian Medical Center Co's Days Inventory for the six 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
	=	4.693	/	37.796	*	365 / 2
	=	22.66

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.

Canadian Medical Center 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 )
	=	4.693	/	55.125
	=	0.09

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.

Canadian Medical Center Co Inventory Turnover Related Terms

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Canadian Medical Center Co (SAU:9518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Canadian Medical Center Co (SAU:9518) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khobar - Abqaiq, Dammam, SAU

Website

https://sa.canadian-mc.com

Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

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