Abdullah Al Othaim Markets Co (SAU:4001) Inventory Turnover : 1.96 (As of Mar. 2024)

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What is Abdullah Al Othaim Markets 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. Abdullah Al Othaim Markets Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼2,406 Mil. Abdullah Al Othaim Markets Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼1,227 Mil. Abdullah Al Othaim Markets Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abdullah Al Othaim Markets Co's Days Inventory for the three months ended in Mar. 2024 was 46.55.

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. Abdullah Al Othaim Markets Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

Abdullah Al Othaim Markets Co Inventory Turnover Historical Data

The historical data trend for Abdullah Al Othaim Markets 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.

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Abdullah Al Othaim Markets Co Inventory Turnover Chart

Abdullah Al Othaim Markets Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.04

8.39

7.68

8.27

7.81

Abdullah Al Othaim Markets Co 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															2.00	1.64	1.80	1.79	1.96

Abdullah Al Othaim Markets Co Inventory Turnover Calculation

Abdullah Al Othaim Markets 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 )
=	7932.272	/ (	(941.562	+	1089.686)	/	2 )
=	7932.272	/	1015.624
=	7.81

Abdullah Al Othaim Markets Co'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 )
=	2406.331	/ (	(1089.686	+	1365.283)	/	2 )
=	2406.331	/	1227.4845
=	1.96

Abdullah Al Othaim Markets Co (SAU:4001) 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.

Abdullah Al Othaim Markets 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
	=	1227.4845	/	2406.331	*	365 / 4
	=	46.55

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.

Abdullah Al Othaim Markets Co'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 )
	=	1227.4845	/	3032.756
	=	0.40

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.

Abdullah Al Othaim Markets Co Inventory Turnover Related Terms

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Abdullah Al Othaim Markets Co (SAU:4001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Abdullah Al Othaim Markets Co (SAU:4001) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Arabia Rabwah Eastern Ring Road, P.O. Box 41700, Riyadh, SAU, 11531

Website

https://www.othaimmarkets.com

Abdullah Al Othaim Markets Co is engaged in the wholesale and retail trade of food, fish, meat, agricultural products, livestock and household items. It is also involved in establishing, managing, operating and maintaining supermarkets, commercial complexes, and bakeries, providing cooked and uncooked catering services, and managing training and educational centers, in addition to acquiring lands to construct buildings for lease or sale for the interest of the company. It operates in the segments of Retail and whole trading of food supplies, in addition to Leasing commercial centers for the purpose of investment for the interest of the company through sale or leasing. It operates in the Kingdom of Saudi Arabia and Egypt and derives key revenue from Retail and wholesale activities.

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