GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Inventory Turnover

Al Rashid Industrial Co (SAU:9580) Inventory Turnover : 0.00 (As of Dec. 2022)


View and export this data going back to 2023. Start your Free Trial

What is Al Rashid Industrial 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. Al Rashid Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2022 was ﷼0.0 Mil. Al Rashid Industrial Co's Average Total Inventories for the quarter that ended in Dec. 2022 was ﷼29.8 Mil. Al Rashid Industrial Co's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Al Rashid Industrial Co Inventory Turnover Historical Data

The historical data trend for Al Rashid Industrial 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.

Al Rashid Industrial Co Inventory Turnover Chart

Al Rashid Industrial Co Annual Data
Trend Dec22 Dec23
Inventory Turnover
2.71 3.47

Al Rashid Industrial Co Quarterly Data
Dec22 Dec23
Inventory Turnover - -

Al Rashid Industrial Co Inventory Turnover Calculation

Al Rashid Industrial 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 )
=91.01 / ((29.816 + 22.7) / 2 )
=91.01 / 26.258
=3.47

Al Rashid Industrial Co's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover (Q: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2022 ) / ((Total Inventories (Q: . 20 ) + Total Inventories (Q: Dec. 2022 )) / count )
=0 / (( + 29.816) / 1 )
=0 / 29.816
=0.00

* 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.

Al Rashid Industrial Co  (SAU:9580) 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.

Al Rashid Industrial Co's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=29.816/0*365 / 4
=

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.

Al Rashid Industrial Co's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=29.816 / 0
=

* 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.

Al Rashid Industrial Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Al Rashid Industrial Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Rashid Industrial Co (SAU:9580) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Inventory Turnover
Comparable Companies
SAU:9576 SAU:2180 SAU:1201 SAU:3007 SAU:2150 BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN TSX:CCL.A GPK BERY SON REYN
Traded in Other Exchanges
N/A
Address
New Industrial City, 7960, Riyadh, SAU, 143322
Website
https://www.lastmade.com
Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

Al Rashid Industrial Co (SAU:9580) Headlines

No Headlines