Agthia Group PJSC (ADX:AGTHIA) Inventory Turnover : 1.04 (As of Dec. 2023)

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What is Agthia Group PJSC 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. Agthia Group PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ892 Mil. Agthia Group PJSC's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ858 Mil. Agthia Group PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agthia Group PJSC's Days Inventory for the three months ended in Dec. 2023 was 87.72.

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. Agthia Group PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Agthia Group PJSC Inventory Turnover Historical Data

The historical data trend for Agthia Group PJSC'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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Agthia Group PJSC Inventory Turnover Chart

Agthia Group PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.11

4.17

4.00

3.74

3.61

Agthia Group PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.91	1.05	1.00	0.98	1.04

Agthia Group PJSC Inventory Turnover Calculation

Agthia Group PJSC'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 )
=	3200.212	/ (	(847.275	+	926.834)	/	2 )
=	3200.212	/	887.0545
=	3.61

Agthia Group PJSC'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	892.221	/ (	(788.494	+	926.834)	/	2 )
=	892.221	/	857.664
=	1.04

Agthia Group PJSC (ADX:AGTHIA) 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.

Agthia Group PJSC's Days Inventory for the three 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
	=	857.664	/	892.221	*	365 / 4
	=	87.72

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.

Agthia Group PJSC'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 )
	=	857.664	/	1290.246
	=	0.66

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.

Agthia Group PJSC Inventory Turnover Related Terms

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Agthia Group PJSC (ADX:AGTHIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agthia Group PJSC (ADX:AGTHIA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

17th Floor, Sky Tower, P.O. Box 37725, Al Reem Island, Abu Dhabi, ARE

Website

https://www.agthia.com

Agthia Group PJSC is a food and beverage company that sells its products to customers across the UAE, GCC, Turkey, and the wider Middle East. Its product portfolio is categorized into segments, including flour and animal feed, water and beverages, processed fruits and vegetables, and dairy and frozen baked products. The company operates through two businesses: agribusiness, which manages, manufactures, distributes, and markets Grand Mills flour and Agrivita animal feed products; and consumer business, which operates in the food and beverage sector and provides products including bottled drinking water, juices, sauces, and dairy products.

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