Tanmiah Food Co (SAU:2281) Inventory Turnover : 0.95 (As of Dec. 2024)

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What is Tanmiah Food 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. Tanmiah Food Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ﷼506 Mil. Tanmiah Food Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ﷼532 Mil. Tanmiah Food Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tanmiah Food Co's Days Inventory for the three months ended in Dec. 2024 was 95.84.

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. Tanmiah Food Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.78.

Tanmiah Food Co Inventory Turnover Historical Data

The historical data trend for Tanmiah Food 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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Tanmiah Food Co Inventory Turnover Chart

Tanmiah Food Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

4.08

3.74

3.64

3.88

4.01

Tanmiah Food Co Quarterly Data
	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												1.05	1.06	1.04	0.97	0.95

Tanmiah Food Co Inventory Turnover Calculation

Tanmiah Food Co'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 )
=	1909.082	/ (	(406.21	+	545.011)	/	2 )
=	1909.082	/	475.6105
=	4.01

Tanmiah Food Co'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 )
=	506.449	/ (	(518.865	+	545.011)	/	2 )
=	506.449	/	531.938
=	0.95

Tanmiah Food Co (SAU:2281) 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.

Tanmiah Food Co'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
	=	531.938	/	506.449	*	365 / 4
	=	95.84

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.

Tanmiah Food Co'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 )
	=	531.938	/	684.881
	=	0.78

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.

Tanmiah Food Co Inventory Turnover Related Terms

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Tanmiah Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanmiah Food Co (SAU:2281) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Ar Rahmaniyah, Riyadh, SAU, 12341

Website

https://www.tanmiah.com

Tanmiah Food Co produces and markets ready-to-cook, ready-to-eat, and bespoke poultry, turkey, and beef products. Its Business is engaged in Food and Agriculture and the Construction of poultry farms. The Food and Agriculture business includes manufacturing, wholesale, and retail trading in foodstuff, and preparation of animal and poultry feeds for commercial purposes. It also undertakes the construction of poultry farms, retail and wholesale trading in poultry equipment, and restaurant outlets with related services. Geographically it operates in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, UAE, and other GCC countries out of which it earns key revenue from domestic sales.

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