Al Hassan Engineering CoOG (MUS:HECI) Inventory Turnover : 31.90 (As of Dec. 2020)

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What is Al Hassan Engineering 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. Al Hassan Engineering CoOG's Cost of Goods Sold for the six months ended in Dec. 2020 was ر.ع19.11 Mil. Al Hassan Engineering CoOG's Average Total Inventories for the quarter that ended in Dec. 2020 was ر.ع0.60 Mil. Al Hassan Engineering CoOG's Inventory Turnover for the quarter that ended in Dec. 2020 was 31.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Hassan Engineering CoOG's Days Inventory for the six months ended in Dec. 2020 was 5.72.

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. Al Hassan Engineering CoOG's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.03.

Al Hassan Engineering CoOG Inventory Turnover Historical Data

The historical data trend for Al Hassan Engineering 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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Al Hassan Engineering CoOG Inventory Turnover Chart

Al Hassan Engineering CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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11.16

9.63

19.01

43.05

31.90

Al Hassan Engineering CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Inventory Turnover	Get a 7-Day Free Trial										11.16	9.63	19.01	43.05	31.90

Al Hassan Engineering CoOG Inventory Turnover Calculation

Al Hassan Engineering CoOG'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 )
=	19.11	/ (	(0.669	+	0.529)	/	2 )
=	19.11	/	0.599
=	31.90

Al Hassan Engineering CoOG's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	19.11	/ (	(0.669	+	0.529)	/	2 )
=	19.11	/	0.599
=	31.90

Al Hassan Engineering CoOG (MUS:HECI) 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.

Al Hassan Engineering CoOG's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	0.599	/	19.11	*	365 / 2
	=	5.72

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.

Al Hassan Engineering CoOG's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	0.599	/	22.044
	=	0.03

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.

Al Hassan Engineering CoOG Inventory Turnover Related Terms

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Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 1948, Muscat, OMN, 112

Website

http://www.al-hassan.com

Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

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