Electro Cable Egypt (CAI:ELEC) Inventory Turnover: 1.46 (As of Jun. 2023)

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CAI:ELEC Electro Cable Egypt CAI:ELEC
8 GF Score
Price E£2.14
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What is Electro Cable Egypt Inventory Turnover?

Electro Cable Egypt CAI:ELEC -0.93% 8 Inventory Turnover is 1.46 as of Jun. 2023. GuruFocus rates CAI:ELEC with a GF Score™ of 8/100.

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. Electro Cable Egypt's Cost of Goods Sold for the three months ended in Jun. 2023 was E£919 Mil. Electro Cable Egypt's Average Total Inventories for the quarter that ended in Jun. 2023 was E£629 Mil. Electro Cable Egypt's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro Cable Egypt's Days Inventory for the three months ended in Jun. 2023 was 62.43.

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. Electro Cable Egypt's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.54.

Electro Cable Egypt  (CAI:ELEC) 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.

Electro Cable Egypt's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=628.652/918.896*365 / 4
=62.43

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.

Electro Cable Egypt's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=628.652 / 1167.993
=0.54

* 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.

Electro Cable Egypt Inventory Turnover Related Terms

Electro Cable Egypt Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt Inventory Turnover Chart

Electro Cable Egypt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
0.00 7.33 8.85 6.47 5.25

Electro Cable Egypt Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Mar22 Jun22 Mar23 Jun23
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 0.00 0.00 0.00 1.23 1.46
CAI:ELEC
8GF Score
Electro Cable Egypt CAI:ELEC
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Electro Cable Egypt Inventory Turnover Calculation

Electro Cable Egypt's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=1528.394 / ((255.613 + 326.579) / 2 )
=1528.394 / 291.096
=5.25

Electro Cable Egypt's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count )
=918.896 / ((678.756 + 578.548) / 2 )
=918.896 / 628.652
=1.46

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.46 mean?
Electro Cable Egypt (CAI:ELEC) has a Inventory Turnover of 1.46 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Electro Cable Egypt and its competitors.
Is Electro Cable Egypt's Inventory Turnover too high?
Electro Cable Egypt's current Inventory Turnover is 1.46. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's Inventory Turnover compare to competitors?
Electro Cable Egypt's Inventory Turnover of 1.46 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Electro Cable Egypt and its competitors. Electro Cable Egypt's current Inventory Turnover is 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current Inventory Turnover of 1.46. The current Inventory Turnover is 1.46. Electro Cable Egypt's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Electro Cable Egypt (CAI:ELEC), the current Inventory Turnover is 1.46 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electro Cable Egypt Business Description

Address Ismaellia Canal Road, Km 4.6,6 th October Road, Mostorod Industrial Zone, Qualubia Governorate, Cairo, EGY
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
8GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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