Irbid District Electricity (AMM:IREL) Inventory Turnover : 9.42 (As of Mar. 2024)

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What is Irbid District Electricity 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. Irbid District Electricity's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD61.8 Mil. Irbid District Electricity's Average Total Inventories for the quarter that ended in Mar. 2024 was JOD6.6 Mil. Irbid District Electricity's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Irbid District Electricity's Days Inventory for the three months ended in Mar. 2024 was 9.69.

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. Irbid District Electricity's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Irbid District Electricity Inventory Turnover Historical Data

The historical data trend for Irbid District Electricity'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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Irbid District Electricity Inventory Turnover Chart

Irbid District Electricity Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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60.70

50.70

42.27

42.52

Irbid District Electricity Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															8.79	7.79	9.13	9.53	9.42

Irbid District Electricity Inventory Turnover Calculation

Irbid District Electricity'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 )
=	229.114	/ (	(5.929	+	4.848)	/	2 )
=	229.114	/	5.3885
=	42.52

Irbid District Electricity's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	61.779	/ (	(4.848	+	8.275)	/	2 )
=	61.779	/	6.5615
=	9.42

Irbid District Electricity (AMM:IREL) 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.

Irbid District Electricity's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	6.5615	/	61.779	*	365 / 4
	=	9.69

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.

Irbid District Electricity's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	6.5615	/	72.186
	=	0.09

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.

Irbid District Electricity Inventory Turnover Related Terms

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Irbid District Electricity (AMM:IREL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Irbid District Electricity (AMM:IREL) » Definitions » Inventory Turnover

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Address

Ratib Al Batayneh Street, P.O. Box 46, Irbid Main Building, Irbid, JOR, 21110

Website

https://www.ideco.com.jo

Irbid District Electricity is engaged in the generation, transmission, and distribution of electric power in Jordan. The main activities of the company are to distribute electric power and to provide it to retail customers in the north of Jordan including Irbid, Mafraq, Jerash, and Ajloun.

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