Academy of Learning Co (SAU:9541) Inventory Turnover : 4.30 (As of Jun. 2023)

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What is Academy of Learning 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. Academy of Learning Co's Cost of Goods Sold for the six months ended in Jun. 2023 was ﷼13.38 Mil. Academy of Learning Co's Average Total Inventories for the quarter that ended in Jun. 2023 was ﷼3.11 Mil. Academy of Learning Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Academy of Learning Co's Days Inventory for the six months ended in Jun. 2023 was 42.46.

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. Academy of Learning Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.08.

Academy of Learning Co Inventory Turnover Historical Data

The historical data trend for Academy of Learning 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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Academy of Learning Co Inventory Turnover Chart

Academy of Learning Co Annual Data

Trend

Dec21

Dec22

Inventory Turnover

18.35

15.58

Academy of Learning Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	-	11.41	6.39	4.30

Academy of Learning Co Inventory Turnover Calculation

Academy of Learning Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	23.268	/ (	(0.834	+	2.152)	/	2 )
=	23.268	/	1.493
=	15.58

Academy of Learning Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	13.381	/ (	(2.152	+	4.075)	/	2 )
=	13.381	/	3.1135
=	4.30

Academy of Learning Co (SAU:9541) 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.

Academy of Learning Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3.1135	/	13.381	*	365 / 2
	=	42.46

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.

Academy of Learning Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3.1135	/	38.823
	=	0.08

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.

Academy of Learning Co Inventory Turnover Related Terms

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Academy of Learning Co (SAU:9541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academy of Learning Co (SAU:9541) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabian Gulf Road, Ash Shati Ash Sharqi, Dammam, SAU, 32414

Website

https://www.aol.edu.sa

Academy of Learning Co works in the education and training sector in the Kingdom of Saudi Arabia through education and training institutes in various regions. The company prepares its students to join the job market and equips them with the necessary practical experience through different accredited diploma programs. The activity of the company is wholesale of computers and their accessories, including (selling printers and their inks), administrative training institutes. It provides educational services and has one sector, which is the educational activity. The company operates in the Kingdom of Saudi Arabia and has no geographical sector.

Academy of Learning Co (SAU:9541) Headlines

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