Al-Zarka Educational & Investment Co (AMM:ZEIC) Change In Inventory : JOD0.07 Mil (TTM As of Mar. 2024)

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What is Al-Zarka Educational & Investment Co Change In Inventory?

Al-Zarka Educational & Investment Co's change in inventory for the quarter that ended in Mar. 2024 was JOD0.05 Mil. It means Al-Zarka Educational & Investment Co's inventory declined by JOD0.05 Mil from Dec. 2023 to Mar. 2024 .

Al-Zarka Educational & Investment Co's change in inventory for the fiscal year that ended in Dec. 2023 was JOD-0.11 Mil. It means Al-Zarka Educational & Investment Co's inventory increased by JOD0.11 Mil from Dec. 2022 to Dec. 2023 .

Al-Zarka Educational & Investment Co's Total Inventories for the quarter that ended in Mar. 2024 was JOD0.35 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al-Zarka Educational & Investment Co's Days Inventory for the quarter that ended in Mar. 2024 was 8.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Al-Zarka Educational & Investment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.90.

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. Al-Zarka Educational & Investment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Al-Zarka Educational & Investment Co Change In Inventory Historical Data

The historical data trend for Al-Zarka Educational & Investment Co'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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Al-Zarka Educational & Investment Co Change In Inventory Chart

Al-Zarka Educational & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.01

0.13

-0.06

-0.11

Al-Zarka Educational & Investment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.13	0.03	-0.29	0.28	0.05

Al-Zarka Educational & Investment Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD0.07 Mil.

Al-Zarka Educational & Investment Co (AMM:ZEIC) Change In Inventory Explanation

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

Al-Zarka Educational & Investment Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.372	/	4.054	*	365 / 4
	=	8.37

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

Al-Zarka Educational & Investment Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.054	/	0.372
	=	10.90

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.

Al-Zarka Educational & Investment Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.372	/	8.868
	=	0.04

Al-Zarka Educational & Investment Co Change In Inventory Related Terms

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Al-Zarka Educational & Investment Co (AMM:ZEIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Al-Zarka Educational & Investment Co (AMM:ZEIC) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

Commercial Zone, P.O. Box 132222, Al-Zarqa, JOR, 13132

Website

http://www.zu.edu.jo

Al-Zarka Educational & Investment Co provides educational services. It is a private university located in Zarqa city. The university offers quality education that provides students with the knowledge and the essential skills need to upgrade academic achievements, achieve comprehensive and integrated development of their personalities, prepare them for the future and form their positive perspectives.

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