Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Inventory Turnover : 0.65 (As of Dec. 2023)

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What is Ras Al Khaimah Co for White Cementnstruction Materials 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. Ras Al Khaimah Co for White Cementnstruction Materials's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ56.2 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ86.7 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ras Al Khaimah Co for White Cementnstruction Materials's Days Inventory for the three months ended in Dec. 2023 was 140.73.

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. Ras Al Khaimah Co for White Cementnstruction Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.28.

Ras Al Khaimah Co for White Cementnstruction Materials Inventory Turnover Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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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Ras Al Khaimah Co for White Cementnstruction Materials Inventory Turnover Chart

Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.60

1.64

2.22

2.67

2.84

Ras Al Khaimah Co for White Cementnstruction Materials 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															0.68	0.74	0.60	0.53	0.65

Ras Al Khaimah Co for White Cementnstruction Materials Inventory Turnover Calculation

Ras Al Khaimah Co for White Cementnstruction Materials'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 )
=	224.488	/ (	(78.466	+	79.864)	/	2 )
=	224.488	/	79.165
=	2.84

Ras Al Khaimah Co for White Cementnstruction Materials'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 )
=	56.202	/ (	(93.492	+	79.864)	/	2 )
=	56.202	/	86.678
=	0.65

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) 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.

Ras Al Khaimah Co for White Cementnstruction Materials'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
	=	86.678	/	56.202	*	365 / 4
	=	140.73

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.

Ras Al Khaimah Co for White Cementnstruction Materials'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 )
	=	86.678	/	67.892
	=	1.28

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.

Ras Al Khaimah Co for White Cementnstruction Materials Inventory Turnover Related Terms

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Ras Al Khaimah Co for White Cementnstruction Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment which generates the majority of the company's revenue. represents the manufacture and distribution of cement products, concrete blocks, and interlock tiles. The investment segment consists of investments in marketable equity securities and deposits with banks. Geographically, the company derives its key revenue from India and the rest from Jordan, Yemen, United Arab Emirates, and other countries.

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