Oman Flour Mills (MUS:OFMI) Inventory Turnover : 0.84 (As of Jun. 2019)

View and export this data going back to 1977. Start your Free Trial

What is Oman Flour Mills 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. Oman Flour Mills's Cost of Goods Sold for the three months ended in Jun. 2019 was ر.ع19.64 Mil. Oman Flour Mills's Average Total Inventories for the quarter that ended in Jun. 2019 was ر.ع23.37 Mil. Oman Flour Mills's Inventory Turnover for the quarter that ended in Jun. 2019 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oman Flour Mills's Days Inventory for the three months ended in Jun. 2019 was 108.57.

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. Oman Flour Mills's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.99.

Oman Flour Mills Inventory Turnover Historical Data

The historical data trend for Oman Flour Mills'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.

Oman Flour Mills Inventory Turnover Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Inventory Turnover

Get a 7-Day Free Trial

4.25

3.89

3.95

4.72

4.75

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															1.04	1.14	-	1.05	0.84

Oman Flour Mills Inventory Turnover Calculation

Oman Flour Mills's Inventory Turnover for the fiscal year that ended in Jun. 2016 is calculated as

	Inventory Turnover (A: Jun. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2016 )	/ (	(Total Inventories (A: Jun. 2015 )	+	Total Inventories (A: Jun. 2016 ))	/	count )
=	61.493	/ (	(13.241	+	12.641)	/	2 )
=	61.493	/	12.941
=	4.75

Oman Flour Mills's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	19.644	/ (	(20.288	+	26.458)	/	2 )
=	19.644	/	23.373
=	0.84

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	23.373	/	19.644	*	365 / 4
	=	108.57

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.

Oman Flour Mills's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	23.373	/	23.719
	=	0.99

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.

Oman Flour Mills Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Oman Flour Mills's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

Oman Flour Mills (MUS:OFMI) Headlines

No Headlines