Saudi Aramco Base Oil Co - Luberef (SAU:2223) Change In Inventory : ﷼-289 Mil (TTM As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef Change In Inventory?

Saudi Aramco Base Oil Co - Luberef's change in inventory for the quarter that ended in Mar. 2024 was ﷼-240 Mil. It means Saudi Aramco Base Oil Co - Luberef's inventory increased by ﷼240 Mil from Dec. 2023 to Mar. 2024 .

Saudi Aramco Base Oil Co - Luberef's change in inventory for the fiscal year that ended in Dec. 2023 was ﷼-32 Mil. It means Saudi Aramco Base Oil Co - Luberef's inventory increased by ﷼32 Mil from Dec. 2022 to Dec. 2023 .

Saudi Aramco Base Oil Co - Luberef's Total Inventories for the quarter that ended in Mar. 2024 was ﷼863 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Aramco Base Oil Co - Luberef's Days Inventory for the quarter that ended in Mar. 2024 was 36.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Saudi Aramco Base Oil Co - Luberef's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.52.

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. Saudi Aramco Base Oil Co - Luberef's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Saudi Aramco Base Oil Co - Luberef Change In Inventory Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef's Change In Inventory 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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Saudi Aramco Base Oil Co - Luberef Change In Inventory Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-167.87

112.19

-32.31

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					16.39	2.08	-103.84	53.06	-240.49

Saudi Aramco Base Oil Co - Luberef Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-289 Mil.

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Change In Inventory Explanation

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

Saudi Aramco Base Oil Co - Luberef's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	743.1135	/	1870.964	*	365 / 4
	=	36.24

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Saudi Aramco Base Oil Co - Luberef's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1870.964	/	743.1135
	=	2.52

3. 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.

Saudi Aramco Base Oil Co - Luberef's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	743.1135	/	2184.79
	=	0.34

Saudi Aramco Base Oil Co - Luberef Change In Inventory Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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