Jahez International Co for Information and Technology (SAU:9526) Inventory Turnover : 117.45 (As of Dec. 2023)

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What is Jahez International Co for Information and Technology 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. Jahez International Co for Information and Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼728 Mil. Jahez International Co for Information and Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼6 Mil. Jahez International Co for Information and Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 117.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jahez International Co for Information and Technology's Days Inventory for the six months ended in Dec. 2023 was 1.55.

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. Jahez International Co for Information and Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Jahez International Co for Information and Technology Inventory Turnover Historical Data

The historical data trend for Jahez International Co for Information and Technology'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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Jahez International Co for Information and Technology Inventory Turnover Chart

Jahez International Co for Information and Technology Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

4,616.38

2,214.24

256.68

Jahez International Co for Information and Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			2,635.59	1,784.43	983.58	371.73	117.45

Jahez International Co for Information and Technology Inventory Turnover Calculation

Jahez International Co for Information and Technology'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 )
=	1378.877	/ (	(0.925	+	9.819)	/	2 )
=	1378.877	/	5.372
=	256.68

Jahez International Co for Information and Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	727.976	/ (	(2.577	+	9.819)	/	2 )
=	727.976	/	6.198
=	117.45

Jahez International Co for Information and Technology (SAU:9526) 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.

Jahez International Co for Information and Technology's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6.198	/	727.976	*	365 / 2
	=	1.55

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.

Jahez International Co for Information and Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.198	/	949.14
	=	0.01

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.

Jahez International Co for Information and Technology Inventory Turnover Related Terms

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Jahez International Co for Information and Technology (SAU:9526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jahez International Co for Information and Technology (SAU:9526) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2065, King Abdullah bin Abdulaziz Road, P.O. Box 2065, Al-Waha District 8594, Riyadh, SAU, 12444

Website

https://www.jahezgroup.com

Jahez International Co for Information and Technology operates as an online food delivery platform, connecting users, merchants, and delivery partners across the Kingdom. It engages in providing wireless data services, systems analysis, designing and programming software and providing delivery services via e-platforms.

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