Tabreed PJSC (DFM:TABREED) Inventory Turnover : 3.27 (As of Mar. 2024)

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What is Tabreed PJSC 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. Tabreed PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ230 Mil. Tabreed PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ70 Mil. Tabreed PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tabreed PJSC's Days Inventory for the three months ended in Mar. 2024 was 27.89.

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. Tabreed PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Tabreed PJSC Inventory Turnover Historical Data

The historical data trend for Tabreed PJSC'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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Tabreed PJSC Inventory Turnover Chart

Tabreed PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.75

22.99

23.25

21.25

20.56

Tabreed PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.54	4.68	7.16	4.69	3.27

Tabreed PJSC Inventory Turnover Calculation

Tabreed PJSC'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 )
=	1333.39	/ (	(60.029	+	69.693)	/	2 )
=	1333.39	/	64.861
=	20.56

Tabreed PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	229.634	/ (	(69.693	+	70.677)	/	2 )
=	229.634	/	70.185
=	3.27

Tabreed PJSC (DFM:TABREED) 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.

Tabreed PJSC'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
	=	70.185	/	229.634	*	365 / 4
	=	27.89

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.

Tabreed PJSC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	70.185	/	468.104
	=	0.15

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.

Tabreed PJSC Inventory Turnover Related Terms

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Tabreed PJSC (DFM:TABREED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tabreed PJSC (DFM:TABREED) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

P.O. Box 29478, Masdar City, Abu Dhabi, ARE

Website

https://www.tabreed.ae

Tabreed PJSC is engaged in to supply of chilled water, operation, and maintenance of plants, construction of secondary networks, manufacturing of pre-insulated pipes, and design and supervision consultancy. The company has two reportable operating segments. The chilled water segment constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems, and the Value chain business segment is involved in ancillary activities relating to the expansion of the group's chilled water business. The company generates key revenue from Chilled water.

Tabreed PJSC (DFM:TABREED) Headlines

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