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Theeb Car Rental Co (SAU:4261) Inventory-to-Revenue : 0.03 (As of Mar. 2024)


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What is Theeb Car Rental Co Inventory-to-Revenue?

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. Theeb Car Rental Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼8 Mil. Theeb Car Rental Co's Revenue for the three months ended in Mar. 2024 was ﷼307 Mil. Theeb Car Rental Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Theeb Car Rental Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.02) to Dec. 2023 (0.03)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Theeb Car Rental Co's Days Inventory for the three months ended in Mar. 2024 was 3.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Theeb Car Rental Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.83.


Theeb Car Rental Co Inventory-to-Revenue Historical Data

The historical data trend for Theeb Car Rental Co's Inventory-to-Revenue 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.

Theeb Car Rental Co Inventory-to-Revenue Chart

Theeb Car Rental Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
0.01 0.01 0.01 0.01

Theeb Car Rental Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.03

Competitive Comparison of Theeb Car Rental Co's Inventory-to-Revenue

For the Rental & Leasing Services subindustry, Theeb Car Rental Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Theeb Car Rental Co's Inventory-to-Revenue Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Inventory-to-Revenue falls into.



Theeb Car Rental Co Inventory-to-Revenue Calculation

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.

Theeb Car Rental Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (4.966 + 6.719) / 2 ) / 1135.394
=5.8425 / 1135.394
=0.01

Theeb Car Rental Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (6.719 + 8.765) / 2 ) / 306.574
=7.742 / 306.574
=0.03

* 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.


Theeb Car Rental Co  (SAU:4261) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Theeb Car Rental Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=7.742/207.71*365 / 4
=3.40

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

Theeb Car Rental Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=207.71 / 7.742
=26.83

* 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.


Theeb Car Rental Co Inventory-to-Revenue Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Traded in Other Exchanges
N/A
Address
North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423
Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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