National Cement Co PSC (DFM:NCC) Inventory Turnover : 0.54 (As of Dec. 2024)

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What is National Cement Co PSC 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. National Cement Co PSC's Cost of Goods Sold for the three months ended in Dec. 2024 was د.إ39.6 Mil. National Cement Co PSC's Average Total Inventories for the quarter that ended in Dec. 2024 was د.إ72.9 Mil. National Cement Co PSC's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Cement Co PSC's Days Inventory for the three months ended in Dec. 2024 was 168.23.

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. National Cement Co PSC's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.71.

National Cement Co PSC Inventory Turnover Historical Data

The historical data trend for National Cement Co PSC'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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National Cement Co PSC Inventory Turnover Chart

National Cement Co PSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.36

3.21

2.48

2.58

2.39

National Cement Co PSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.70	0.79	0.51	0.57	0.54

National Cement Co PSC Inventory Turnover Calculation

National Cement Co PSC's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	171.012	/ (	(69.419	+	73.476)	/	2 )
=	171.012	/	71.4475
=	2.39

National Cement Co PSC's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	39.561	/ (	(72.393	+	73.476)	/	2 )
=	39.561	/	72.9345
=	0.54

National Cement Co PSC (DFM:NCC) 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.

National Cement Co PSC's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	72.9345	/	39.561	*	365 / 4
	=	168.23

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.

National Cement Co PSC's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	72.9345	/	42.586
	=	1.71

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.

National Cement Co PSC Inventory Turnover Related Terms

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National Cement Co PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » National Cement Co PSC (DFM:NCC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE

Website

http://www.nationalcement.ae

National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.

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