Al Yamamah Steel Industries Co (SAU:1304) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is Al Yamamah Steel Industries Co 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 Yamamah Steel Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼429 Mil. Al Yamamah Steel Industries Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼747 Mil. Al Yamamah Steel Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Yamamah Steel Industries Co's Days Inventory for the three months ended in Mar. 2024 was 158.96.

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 Yamamah Steel Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

Al Yamamah Steel Industries Co Inventory Turnover Historical Data

The historical data trend for Al Yamamah Steel Industries Co'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 Yamamah Steel Industries Co Inventory Turnover Chart

Al Yamamah Steel Industries Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.59

2.49

2.18

1.77

1.85

Al Yamamah Steel Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.33	0.54	0.72	0.57

Al Yamamah Steel Industries Co Inventory Turnover Calculation

Al Yamamah Steel Industries Co's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	1587.829	/ (	(939.783	+	780.815)	/	2 )
=	1587.829	/	860.299
=	1.85

Al Yamamah Steel Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	428.621	/ (	(759.534	+	733.787)	/	2 )
=	428.621	/	746.6605
=	0.57

Al Yamamah Steel Industries Co (SAU:1304) 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 Yamamah Steel Industries Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	746.6605	/	428.621	*	365 / 4
	=	158.96

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 Yamamah Steel Industries Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	746.6605	/	496.944
	=	1.50

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 Yamamah Steel Industries Co Inventory Turnover Related Terms

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Al Yamamah Steel Industries Co (SAU:1304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Yamamah Steel Industries Co (SAU:1304) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

New Akaria Building, Salah Udin Al Ayoubi Street, P.O. Box 55303, Malaz Area, Aqaria Asteen, 6th Floor, Building 2, Office No. 6201, Riyadh, SAU, 11583

Website

http://www.yamsteel.com

Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including (poles, lighting cabins, traffic lights, etc.), installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction and Electric. It generates maximum revenue from the Construction segment.

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