ESG Emirates Stallions Group PJSC (ADX:ESG) Inventory Turnover

: 22.55 (As of Sep. 2023)

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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. ESG Emirates Stallions Group PJSC's Cost of Goods Sold for the three months ended in Sep. 2023 was د.إ99.4 Mil. ESG Emirates Stallions Group PJSC's Average Total Inventories for the quarter that ended in Sep. 2023 was د.إ4.4 Mil. ESG Emirates Stallions Group PJSC's Inventory Turnover for the quarter that ended in Sep. 2023 was 22.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ESG Emirates Stallions Group PJSC's Days Inventory for the three months ended in Sep. 2023 was 4.05.

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. ESG Emirates Stallions Group PJSC's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

ESG Emirates Stallions Group PJSC Inventory Turnover Historical Data

The historical data trend for ESG Emirates Stallions 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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ESG Emirates Stallions Group PJSC Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

56.19

194.88

307.18

ESG Emirates Stallions Group PJSC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Inventory Turnover							13.94	12.07	128.21	17.23	22.55

ESG Emirates Stallions Group PJSC Inventory Turnover Calculation

ESG Emirates Stallions Group PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	709.731	/ (	(1.062	+	3.559)	/	2 )
=	709.731	/	2.3105
=	307.18

ESG Emirates Stallions Group PJSC's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	99.443	/ (	(4.283	+	4.537)	/	2 )
=	99.443	/	4.41
=	22.55

ESG Emirates Stallions Group PJSC (ADX:ESG) 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.

ESG Emirates Stallions Group PJSC's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	4.41	/	99.443	*	365 / 4
	=	4.05

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.

ESG Emirates Stallions Group PJSC's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.41	/	133.79
	=	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.

ESG Emirates Stallions Group PJSC Inventory Turnover Related Terms

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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ESG Emirates Stallions Group PJSC (ADX:ESG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE

Website

https://www.esguae.com

ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.

ESG Emirates Stallions Group PJSC (ADX:ESG) Inventory Turnover

ESG Emirates Stallions Group PJSC Inventory Turnover Historical Data

ESG Emirates Stallions Group PJSC Inventory Turnover Calculation

ESG Emirates Stallions Group PJSC Inventory Turnover Related Terms

ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

ESG Emirates Stallions Group PJSC (ADX:ESG) Headlines