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Ades Holding Co (SAU:2382) Inventory Turnover : 1.99 (As of Dec. 2024)


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What is Ades Holding 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. Ades Holding Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ﷼1,002 Mil. Ades Holding Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ﷼504 Mil. Ades Holding Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ades Holding Co's Days Inventory for the three months ended in Dec. 2024 was 45.88.

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. Ades Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.32.

Ades Holding Co Inventory Turnover Historical Data

The historical data trend for Ades Holding 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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Ades Holding Co Inventory Turnover Chart

Ades Holding Co Annual Data
Trend Dec23 Dec24
Inventory Turnover
7.90 8.94

Ades Holding Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Inventory Turnover Get a 7-Day Free Trial 2.28 2.60 2.37 2.13 1.99

Ades Holding Co Inventory Turnover Calculation

Ades Holding 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 )
=3839.972 / ((331.892 + 527.273) / 2 )
=3839.972 / 429.5825
=8.94

Ades Holding 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 )
=1002.276 / ((480.596 + 527.273) / 2 )
=1002.276 / 503.9345
=1.99

* 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.

Ades Holding Co  (SAU:2382) 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.

Ades Holding 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
=503.9345/1002.276*365 / 4
=45.88

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.

Ades Holding 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 )
=503.9345 / 1569.069
=0.32

* 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.

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.

Ades Holding Co Inventory Turnover Related Terms

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Ades Holding Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Inventory Turnover
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SAU:2381 ADX:ADNOCDRILL SHSE:600871 NE PTEN RIG HP SOC SDRL OSL:ODL OSL:PLSV TSX:PD NBR BORR STC:PVD MUS:ABRJ XKLS:5243 TSX:ESI TSX:PHX SZSE:002828
Traded in Other Exchanges
N/A
Address
7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203
Website
https://www.adesgroup.com
Ades Holding Co is a company whose main purpose is oil and gas drilling and production services in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

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