Saudi Steel Pipe Co (SAU:1320) Change In Inventory : ﷼-87 Mil (TTM As of Mar. 2024)

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What is Saudi Steel Pipe Co Change In Inventory?

Saudi Steel Pipe Co's change in inventory for the quarter that ended in Mar. 2024 was ﷼142 Mil. It means Saudi Steel Pipe Co's inventory declined by ﷼142 Mil from Dec. 2023 to Mar. 2024 .

Saudi Steel Pipe Co's change in inventory for the fiscal year that ended in Dec. 2023 was ﷼-200 Mil. It means Saudi Steel Pipe Co's inventory increased by ﷼200 Mil from Dec. 2022 to Dec. 2023 .

Saudi Steel Pipe Co's Total Inventories for the quarter that ended in Mar. 2024 was ﷼502 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Steel Pipe Co's Days Inventory for the quarter that ended in Mar. 2024 was 127.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Saudi Steel Pipe Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

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. Saudi Steel Pipe Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Saudi Steel Pipe Co Change In Inventory Historical Data

The historical data trend for Saudi Steel Pipe 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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Saudi Steel Pipe Co Change In Inventory Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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44.94

24.36

9.53

-132.60

-200.22

Saudi Steel Pipe 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															27.84	39.70	-272.51	4.76	141.55

Saudi Steel Pipe 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 ﷼-87 Mil.

Saudi Steel Pipe Co (SAU:1320) Change In Inventory Explanation

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

Saudi Steel Pipe 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
	=	570.4545	/	408.113	*	365 / 4
	=	127.55

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

Saudi Steel Pipe Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	408.113	/	570.4545
	=	0.72

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.

Saudi Steel Pipe Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	570.4545	/	514.939
	=	1.11

Saudi Steel Pipe Co Change In Inventory Related Terms

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Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

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