Misr National Steel (CAI:ATQA) Inventory Turnover : 1.96 (As of Mar. 2023)

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What is Misr National Steel 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. Misr National Steel's Cost of Goods Sold for the three months ended in Mar. 2023 was E£321.8 Mil. Misr National Steel's Average Total Inventories for the quarter that ended in Mar. 2023 was E£164.1 Mil. Misr National Steel's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Misr National Steel's Days Inventory for the three months ended in Mar. 2023 was 46.52.

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. Misr National Steel's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.41.

Misr National Steel Inventory Turnover Historical Data

The historical data trend for Misr National Steel'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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Misr National Steel Inventory Turnover Chart

Misr National Steel Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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9.08

10.82

Misr National Steel Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															1.74	3.40	-	-	1.96

Misr National Steel Inventory Turnover Calculation

Misr National Steel'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 )
=	2152.773	/ (	(233.744	+	164.057)	/	2 )
=	2152.773	/	198.9005
=	10.82

Misr National Steel's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	321.809	/ (	(164.057	+	0)	/	1 )
=	321.809	/	164.057
=	1.96

Misr National Steel (CAI:ATQA) 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.

Misr National Steel's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	164.057	/	321.809	*	365 / 4
	=	46.52

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.

Misr National Steel's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	164.057	/	399.508
	=	0.41

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.

Misr National Steel Inventory Turnover Related Terms

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Misr National Steel (CAI:ATQA) Business Description

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Address

34 Damascus Sreet, Syria Street, Mohandessin, Giza, EGY

Website

http://www.misrns.com

Misr National Steel operates in steel industry. The company' products are rebars specification, chemical composition and dimensions.

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