Abraj Energy Services CoOG (MUS:ABRJ) Inventory Turnover : 0.98 (As of Sep. 2024)

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What is Abraj Energy Services CoOG 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. Abraj Energy Services CoOG's Cost of Goods Sold for the three months ended in Sep. 2024 was ر.ع27.6 Mil. Abraj Energy Services CoOG's Average Total Inventories for the quarter that ended in Sep. 2024 was ر.ع28.1 Mil. Abraj Energy Services CoOG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abraj Energy Services CoOG's Days Inventory for the three months ended in Sep. 2024 was 93.03.

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. Abraj Energy Services CoOG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.77.

Abraj Energy Services CoOG Inventory Turnover Historical Data

The historical data trend for Abraj Energy Services CoOG'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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Abraj Energy Services CoOG Inventory Turnover Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

Inventory Turnover

5.57

5.26

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						1.23	1.23	1.16	1.07	0.98

Abraj Energy Services CoOG Inventory Turnover Calculation

Abraj Energy Services CoOG'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 )
=	111.43	/ (	(18.605	+	23.786)	/	2 )
=	111.43	/	21.1955
=	5.26

Abraj Energy Services CoOG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	27.589	/ (	(27.724	+	28.531)	/	2 )
=	27.589	/	28.1275
=	0.98

Abraj Energy Services CoOG (MUS:ABRJ) 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.

Abraj Energy Services CoOG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	28.1275	/	27.589	*	365 / 4
	=	93.03

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.

Abraj Energy Services CoOG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	28.1275	/	36.347
	=	0.77

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.

Abraj Energy Services CoOG Inventory Turnover Related Terms

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Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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