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Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Inventory Turnover : 6.68 (As of Sep. 2023)


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What is Afaq Holding for Investment & Real Estate Development 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 Holding for Investment & Real Estate Development Co's Cost of Goods Sold for the three months ended in Sep. 2023 was JOD13.51 Mil. Afaq Holding for Investment & Real Estate Development Co's Average Total Inventories for the quarter that ended in Sep. 2023 was JOD2.02 Mil. Afaq Holding for Investment & Real Estate Development Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 6.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Afaq Holding for Investment & Real Estate Development Co's Days Inventory for the three months ended in Sep. 2023 was 13.65.

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 Holding for Investment & Real Estate Development Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.14.

Afaq Holding for Investment & Real Estate Development Co Inventory Turnover Historical Data

The historical data trend for Afaq Holding for Investment & Real Estate Development 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 Holding for Investment & Real Estate Development Co Inventory Turnover Chart

Afaq Holding for Investment & Real Estate Development Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.66 24.56 16.87 23.17 27.72

Afaq Holding for Investment & Real Estate Development Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.95 6.81 - - 6.68

Afaq Holding for Investment & Real Estate Development Co Inventory Turnover Calculation

Afaq Holding for Investment & Real Estate Development Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=52.177 / ((1.882 + 0) / 1 )
=52.177 / 1.882
=27.72

Afaq Holding for Investment & Real Estate Development Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=13.509 / ((0 + 2.021) / 1 )
=13.509 / 2.021
=6.68

* 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.

Afaq Holding for Investment & Real Estate Development Co  (AMM:MANR) 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 Holding for Investment & Real Estate Development Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=2.021/13.509*365 / 4
=13.65

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 Holding for Investment & Real Estate Development Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=2.021 / 14.53
=0.14

* 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.

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 Holding for Investment & Real Estate Development Co Inventory Turnover Related Terms

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Afaq Holding for Investment & Real Estate Development Co (AMM:MANR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afaq Holding for Investment & Real Estate Development Co PLC (AMM:MANR) » Definitions » Inventory Turnover
Comparable Companies
AMM:RMCC AMM:NCCO CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387 ASX:JHX BOM:500425 MEX:CEMEXCPO SZSE:000877 TPE:1101 NSA:DCP SHSE:600176 EXP
Traded in Other Exchanges
N/A
Address
King Abdullah II Street 302, 8th circle, Amman, JOR, 11623
Website
https://www.manaseergroup.com
Afaq Holding for Investment & Real Estate Development Co PLC is a Jordan based investment company. It is engaged in the management of its subsidiaries; investing its cash in shares, bonds, and securities; lending loans, guarantees, and financing to its subsidiaries; and ownership of patents, trademarks, franchise rights and other tangible rights and the exploitation and leasing to its subsidiaries.

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