Ciments du Maroc (CAS:CMA) Inventory Turnover : 1.61 (As of Dec. 2023)

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What is Ciments du Maroc 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. Ciments du Maroc's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD1,112 Mil. Ciments du Maroc's Average Total Inventories for the quarter that ended in Dec. 2023 was MAD690 Mil. Ciments du Maroc's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ciments du Maroc's Days Inventory for the six months ended in Dec. 2023 was 113.17.

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. Ciments du Maroc's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Ciments du Maroc Inventory Turnover Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc Inventory Turnover Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.57

3.51

4.25

3.87

3.46

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.06	1.73	1.62	1.58	1.61

Ciments du Maroc Inventory Turnover Calculation

Ciments du Maroc'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 )
=	2263.407	/ (	(692.337	+	617.025)	/	2 )
=	2263.407	/	654.681
=	3.46

Ciments du Maroc's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1111.9	/ (	(761.989	+	617.025)	/	2 )
=	1111.9	/	689.507
=	1.61

Ciments du Maroc (CAS:CMA) 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.

Ciments du Maroc's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	689.507	/	1111.9	*	365 / 2
	=	113.17

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.

Ciments du Maroc's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	689.507	/	2174.598
	=	0.32

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.

Ciments du Maroc Inventory Turnover Related Terms

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Ciments du Maroc (CAS:CMA) Business Description

Industry

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Comparable Companies

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N/A

Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.