Umm Al Qaiwain General Investments Co (ADX:QIC) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Umm Al Qaiwain General Investments 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. Umm Al Qaiwain General Investments Co's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1.03 Mil. Umm Al Qaiwain General Investments Co's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Umm Al Qaiwain General Investments Co's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Umm Al Qaiwain General Investments Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Umm Al Qaiwain General Investments Co Inventory Turnover Historical Data

The historical data trend for Umm Al Qaiwain General Investments 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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Umm Al Qaiwain General Investments Co Inventory Turnover Chart

Umm Al Qaiwain General Investments Co Annual Data

Trend

Dec11

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Dec16

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Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Umm Al Qaiwain General Investments Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Umm Al Qaiwain General Investments Co Inventory Turnover Calculation

Umm Al Qaiwain General Investments 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 )
=	2.779	/ (	(0	+	0)	/	1 )
=	2.779	/	0
=	N/A

Umm Al Qaiwain General Investments Co'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 )
=	1.029	/ (	(0	+	0)	/	1 )
=	1.029	/	0
=	N/A

Umm Al Qaiwain General Investments Co (ADX:QIC) 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.

Umm Al Qaiwain General Investments Co'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
	=	0	/	1.029	*	365 / 4
	=	0.00

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.

Umm Al Qaiwain General Investments Co'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 )
	=	0	/	4.494
	=	0.00

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.

Umm Al Qaiwain General Investments Co Inventory Turnover Related Terms

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Umm Al Qaiwain General Investments Co (ADX:QIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Umm Al Qaiwain General Investments Co (ADX:QIC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

QIC:Kuwait

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

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