Saudi Aramco Base Oil Co - Luberef (SAU:2223) Inventory Turnover : 2.52 (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef 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. Saudi Aramco Base Oil Co - Luberef's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼1,871 Mil. Saudi Aramco Base Oil Co - Luberef's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼743 Mil. Saudi Aramco Base Oil Co - Luberef's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Aramco Base Oil Co - Luberef's Days Inventory for the three months ended in Mar. 2024 was 36.24.

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. Saudi Aramco Base Oil Co - Luberef's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Saudi Aramco Base Oil Co - Luberef Inventory Turnover Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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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Saudi Aramco Base Oil Co - Luberef Inventory Turnover Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

9.58

12.64

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					2.17	3.66	3.49	3.36	2.52

Saudi Aramco Base Oil Co - Luberef Inventory Turnover Calculation

Saudi Aramco Base Oil Co - Luberef'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 )
=	7630.31	/ (	(583.889	+	622.965)	/	2 )
=	7630.31	/	603.427
=	12.64

Saudi Aramco Base Oil Co - Luberef'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 )
=	1870.964	/ (	(622.965	+	863.262)	/	2 )
=	1870.964	/	743.1135
=	2.52

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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.

Saudi Aramco Base Oil Co - Luberef'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
	=	743.1135	/	1870.964	*	365 / 4
	=	36.24

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.

Saudi Aramco Base Oil Co - Luberef'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 )
	=	743.1135	/	2184.79
	=	0.34

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.

Saudi Aramco Base Oil Co - Luberef Inventory Turnover Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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