Afaq for Energy Co (AMM:MANE) Inventory Turnover : 4.54 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Afaq for Energy 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. Afaq for Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD250 Mil. Afaq for Energy Co's Average Total Inventories for the quarter that ended in Mar. 2024 was JOD55 Mil. Afaq for Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Afaq for Energy Co's Days Inventory for the three months ended in Mar. 2024 was 20.11.

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. Afaq for Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Afaq for Energy Co Inventory Turnover Historical Data

The historical data trend for Afaq for Energy 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.

* Premium members only.

Afaq for Energy Co Inventory Turnover Chart

Afaq for Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

20.05

15.25

16.01

18.56

19.14

Afaq for Energy Co 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															4.61	4.66	5.00	4.33	4.54

Afaq for Energy Co Inventory Turnover Calculation

Afaq for Energy 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 )
=	1048.575	/ (	(54.538	+	55.032)	/	2 )
=	1048.575	/	54.785
=	19.14

Afaq for Energy Co'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 )
=	249.736	/ (	(55.032	+	0)	/	1 )
=	249.736	/	55.032
=	4.54

Afaq for Energy Co (AMM:MANE) 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.

Afaq for Energy Co'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
	=	55.032	/	249.736	*	365 / 4
	=	20.11

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.

Afaq for Energy Co'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 )
	=	55.032	/	259.936
	=	0.21

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.

Afaq for Energy Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Afaq for Energy Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Afaq for Energy Co (AMM:MANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Afaq for Energy Co PLC (AMM:MANE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street-Foreign Ministry, P.O. Box 925988, Manasir Oil and Gas Management Building, Amman, JOR, 11110

Website

Afaq for Energy Co PLC operates fuel stations in Jordan. It is a trading company and distributor of capital goods.

Afaq for Energy Co (AMM:MANE) Headlines

No Headlines