Riyadh Cables Group Co (SAU:4142) Inventory Turnover : 0.98 (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Riyadh Cables Group 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. Riyadh Cables Group Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ﷼2,164 Mil. Riyadh Cables Group Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ﷼2,214 Mil. Riyadh Cables Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Riyadh Cables Group Co's Days Inventory for the three months ended in Dec. 2024 was 93.35.

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. Riyadh Cables Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.89.

Riyadh Cables Group Co Inventory Turnover Historical Data

The historical data trend for Riyadh Cables Group 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.

* Premium members only.

Riyadh Cables Group Co Inventory Turnover Chart

Riyadh Cables Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

3.34

3.24

3.67

3.70

3.83

Riyadh Cables Group Co Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											0.89	0.87	0.82	0.90	0.98

Riyadh Cables Group Co Inventory Turnover Calculation

Riyadh Cables Group 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 )
=	7720.839	/ (	(1909.111	+	2126.037)	/	2 )
=	7720.839	/	2017.574
=	3.83

Riyadh Cables Group 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 )
=	2164.243	/ (	(2302.171	+	2126.037)	/	2 )
=	2164.243	/	2214.104
=	0.98

Riyadh Cables Group Co (SAU:4142) 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.

Riyadh Cables Group 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
	=	2214.104	/	2164.243	*	365 / 4
	=	93.35

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.

Riyadh Cables Group 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 )
	=	2214.104	/	2496.521
	=	0.89

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.

Riyadh Cables Group Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Riyadh Cables Group Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Riyadh Cables Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riyadh Cables Group Co (SAU:4142) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Kharj Road Street No. 175, 3rd Lane Zone, D, 2nd industrial City, P.O.Box 26862, Riyadh, SAU, 11496

Website

https://www.riyadh-cables.com

Riyadh Cables Group Co manufactures and supplies all types of wire and cables at its state-of-art facilities. The company's products include Wires, Low Voltage Cables (LV), Medium Voltage Cables (MV), High & Extra High Voltage Cables (HV/EHV), Overhead Lines Conductors Cables (OHL), Instrumentation & Control Cables, Renewable Energy Cables, and Fiber Optic & Telephone Cables. The company operates in three segments: Cable & Wires segment includes Electrical cables, the High voltage cables segment includes Turnkey projects, and the Other segments include Telephone cables & services. The majority of revenue is generated from Cable & Wires segment.

Riyadh Cables Group Co Headlines

No Headlines