Scientific and Medical Equipment House Co (SAU:4014) Inventory Turnover : 1.77 (As of Sep. 2024)

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What is Scientific and Medical Equipment House 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. Scientific and Medical Equipment House Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ﷼183.6 Mil. Scientific and Medical Equipment House Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ﷼103.7 Mil. Scientific and Medical Equipment House Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scientific and Medical Equipment House Co's Days Inventory for the three months ended in Sep. 2024 was 51.55.

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. Scientific and Medical Equipment House Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.47.

Scientific and Medical Equipment House Co Inventory Turnover Historical Data

The historical data trend for Scientific and Medical Equipment House 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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Scientific and Medical Equipment House Co Inventory Turnover Chart

Scientific and Medical Equipment House Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.62

5.74

6.57

Scientific and Medical Equipment House Co Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial														1.51	1.95	1.66	1.70	1.77

Scientific and Medical Equipment House Co Inventory Turnover Calculation

Scientific and Medical Equipment House 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 )
=	666.224	/ (	(97.679	+	105.033)	/	2 )
=	666.224	/	101.356
=	6.57

Scientific and Medical Equipment House Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	183.606	/ (	(104.146	+	103.286)	/	2 )
=	183.606	/	103.716
=	1.77

Scientific and Medical Equipment House Co (SAU:4014) 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.

Scientific and Medical Equipment House Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	103.716	/	183.606	*	365 / 4
	=	51.55

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.

Scientific and Medical Equipment House Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	103.716	/	218.385
	=	0.47

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.

Scientific and Medical Equipment House Co Inventory Turnover Related Terms

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Scientific and Medical Equipment House Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scientific and Medical Equipment House Co (SAU:4014) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

King Fahad service Road, P.O. Box 1584, Al-Mutammarat District, Riyadh, SAU, 12711

Website

https://www.smeh.com.sa

Scientific and Medical Equipment House Co is engaged in general contracting of buildings, roads, and bridges, maintaining, cleaning, managing, and operating medical centers, maintenance of scientific and medical equipment, wholesale and retail trade in medical, laboratorial, and scientific equipment and its accessories, import and export services, and catering services among others. The company's reportable segments are; Operation and maintenance, Medical equipment sales and post-sale maintenance services revenue, Construction segment, Meat and food segment, and Medicine and medical supplies. A majority of its revenue is generated from the Operation and maintenance segment which deals with the supply of medical and non-medical staff and medical equipment maintenance services.

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