Advanced Petrochemical Co (SAU:2330) Inventory Turnover : 2.80 (As of Jun. 2024)

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What is Advanced Petrochemical 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. Advanced Petrochemical Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ﷼526 Mil. Advanced Petrochemical Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼188 Mil. Advanced Petrochemical Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Petrochemical Co's Days Inventory for the three months ended in Jun. 2024 was 32.57.

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. Advanced Petrochemical Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.29.

Advanced Petrochemical Co Inventory Turnover Historical Data

The historical data trend for Advanced Petrochemical 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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Advanced Petrochemical Co Inventory Turnover Chart

Advanced Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.94

9.79

10.99

12.62

10.30

Advanced Petrochemical Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.51	2.57	2.53	1.42	2.80

Advanced Petrochemical Co Inventory Turnover Calculation

Advanced Petrochemical Co'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 )
=	1926.552	/ (	(180.678	+	193.36)	/	2 )
=	1926.552	/	187.019
=	10.30

Advanced Petrochemical Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	526.158	/ (	(222.071	+	153.525)	/	2 )
=	526.158	/	187.798
=	2.80

Advanced Petrochemical Co (SAU:2330) 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.

Advanced Petrochemical Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	187.798	/	526.158	*	365 / 4
	=	32.57

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.

Advanced Petrochemical Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	187.798	/	649.055
	=	0.29

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.

Advanced Petrochemical Co Inventory Turnover Related Terms

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Advanced Petrochemical Co Business Description

Industry

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Traded in Other Exchanges

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Address

Jubail Industrial, P.O.Box 11022, Jubail, SAU, 31961

Website

https://advancedpetrochem.com

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics, and various others.

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