Emirates Reem Investments Co PJSC (DFM:ERC) Change In Inventory : د.إ-5.18 Mil (TTM As of Jun. 2023)

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What is Emirates Reem Investments Co PJSC Change In Inventory?

Emirates Reem Investments Co PJSC's change in inventory for the quarter that ended in Jun. 2023 was د.إ-2.15 Mil. It means Emirates Reem Investments Co PJSC's inventory increased by د.إ2.15 Mil from Mar. 2023 to Jun. 2023 .

Emirates Reem Investments Co PJSC's change in inventory for the fiscal year that ended in Dec. 2023 was د.إ-3.69 Mil. It means Emirates Reem Investments Co PJSC's inventory increased by د.إ3.69 Mil from Dec. 2022 to Dec. 2023 .

Emirates Reem Investments Co PJSC's Total Inventories for the quarter that ended in Jun. 2023 was د.إ9.21 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emirates Reem Investments Co PJSC's Days Inventory for the quarter that ended in Jun. 2023 was 120.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emirates Reem Investments Co PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.76.

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. Emirates Reem Investments Co PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.90.

Emirates Reem Investments Co PJSC Change In Inventory Historical Data

The historical data trend for Emirates Reem Investments Co PJSC's Change In Inventory 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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Emirates Reem Investments Co PJSC Change In Inventory Chart

Emirates Reem Investments Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.61

1.18

-1.23

-1.76

-3.69

Emirates Reem Investments Co PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.91	-1.44	-0.68	-2.15	-

Emirates Reem Investments Co PJSC Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-5.18 Mil.

Emirates Reem Investments Co PJSC (DFM:ERC) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Emirates Reem Investments Co PJSC's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.1655	/	6.172	*	365 / 4
	=	120.72

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Emirates Reem Investments Co PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.172	/	8.1655
	=	0.76

3. 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.

Emirates Reem Investments Co PJSC's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.1655	/	9.025
	=	0.90

Emirates Reem Investments Co PJSC Change In Inventory Related Terms

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Emirates Reem Investments Co PJSC (DFM:ERC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Emirates Reem Investments Co PJSC (DFM:ERC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Awir, P.O. Box 5567, Dubai, ARE

Website

http://www.erc.jeemawater.com

Emirates Reem Investments Co PJSC Formerly Emirates Refreshments Co is engaged in bottling and selling mineral water and carbonated soft drinks as well as manufacturing plastic bottles and containers. The company operates in a single business segment that is Bottling, Distribution, and Trading of Mineral Water and Carbonated Soft Drinks. It markets and sells its products under the Jeema brand name.

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