Makkah Construction & Development Co (SAU:4100) Inventory Turnover : 17.18 (As of Dec. 2023)

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What is Makkah Construction & Development 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. Makkah Construction & Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼41.9 Mil. Makkah Construction & Development Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼2.4 Mil. Makkah Construction & Development Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 17.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Makkah Construction & Development Co's Days Inventory for the three months ended in Dec. 2023 was 5.31.

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. Makkah Construction & Development Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Makkah Construction & Development Co Inventory Turnover Historical Data

The historical data trend for Makkah Construction & Development 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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Makkah Construction & Development Co Inventory Turnover Chart

Makkah Construction & Development Co Annual Data

Trend

Apr14

Apr15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Dec23

Inventory Turnover

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56.58

28.54

Makkah Construction & Development Co Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Jun21	Sep21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.41	16.81	18.59	53.57	17.18

Makkah Construction & Development Co Inventory Turnover Calculation

Makkah Construction & Development 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: Jan. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	299.127	/ (	(0	+	0)	/	1 )
=	299.127	/	0
=	N/A

Makkah Construction & Development Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	41.894	/ (	(2.439	+	0)	/	1 )
=	41.894	/	2.439
=	17.18

Makkah Construction & Development Co (SAU:4100) 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.

Makkah Construction & Development Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.439	/	41.894	*	365 / 4
	=	5.31

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.

Makkah Construction & Development Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.439	/	133.791
	=	0.02

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.

Makkah Construction & Development Co Inventory Turnover Related Terms

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Makkah Construction & Development Co (SAU:4100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Makkah Construction & Development Co (SAU:4100) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Al-Azizia General Street, P.O. Box 7134, Fakih Commercial Center, Seventh Floor, Makkah Al-Mukarramah, Mecca, SAU, 21955

Website

https://www.mcdc.com.sa

Makkah Construction & Development Co is engaged in developing construction projects such as developing facilities near the Holy Mosque of Makkah. The companies objectives are Build up the areas around Makkah Holy mosque, Owning, developing, operating and investing the real estate around Makkah Holy mosque and Caring all engineering works, survey, demolishing & constructions works for the company projects.

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