AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Inventory Turnover : 3.59 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting 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. AlMuneef Co For Trade Industry Agriculture And Contracting's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼108.2 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼30.1 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AlMuneef Co For Trade Industry Agriculture And Contracting's Days Inventory for the six months ended in Dec. 2023 was 50.78.

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. AlMuneef Co For Trade Industry Agriculture And Contracting's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

AlMuneef Co For Trade Industry Agriculture And Contracting Inventory Turnover Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Inventory Turnover Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

16.20

7.10

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	-	5.80	4.25	3.59

AlMuneef Co For Trade Industry Agriculture And Contracting Inventory Turnover Calculation

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
=	218.359	/ (	(26.581	+	34.914)	/	2 )
=	218.359	/	30.7475
=	7.10

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
=	108.206	/ (	(25.3	+	34.914)	/	2 )
=	108.206	/	30.107
=	3.59

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting'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
	=	30.107	/	108.206	*	365 / 2
	=	50.78

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.

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
	=	30.107	/	121.958
	=	0.25

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.

AlMuneef Co For Trade Industry Agriculture And Contracting Inventory Turnover Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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