Theeb Car Rental Co (SAU:4261) Inventory Turnover : 26.83 (As of Mar. 2024)

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What is Theeb Car Rental 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. Theeb Car Rental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼208 Mil. Theeb Car Rental Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼8 Mil. Theeb Car Rental Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.83.

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-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 quarter that ended in Mar. 2024 was 0.03.

Theeb Car Rental Co Inventory Turnover Historical Data

The historical data trend for Theeb Car Rental 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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Theeb Car Rental Co Inventory Turnover Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

58.10

71.14

116.66

132.91

Theeb Car Rental Co Quarterly Data
	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												34.97	38.42	29.97	28.70	26.83

Theeb Car Rental Co Inventory Turnover Calculation

Theeb Car Rental 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 )
=	776.529	/ (	(4.966	+	6.719)	/	2 )
=	776.529	/	5.8425
=	132.91

Theeb Car Rental 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 )
=	207.71	/ (	(6.719	+	8.765)	/	2 )
=	207.71	/	7.742
=	26.83

Theeb Car Rental Co (SAU:4261) 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.

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-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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7.742	/	306.574
	=	0.03

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.

Theeb Car Rental Co Inventory Turnover Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Inventory Turnover

Comparable Companies

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

Website

https://www.theebonline.com

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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