Bin Dawood Holding (SAU:4161) Inventory Turnover : 1.02 (As of Mar. 2024)

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What is Bin Dawood Holding 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. Bin Dawood Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼1,022 Mil. Bin Dawood Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼1,004 Mil. Bin Dawood Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bin Dawood Holding's Days Inventory for the three months ended in Mar. 2024 was 89.62.

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. Bin Dawood Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Bin Dawood Holding Inventory Turnover Historical Data

The historical data trend for Bin Dawood Holding'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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Bin Dawood Holding Inventory Turnover Chart

Bin Dawood Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.48

3.63

3.24

4.08

4.15

Bin Dawood Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													1.01	0.99	1.07	1.04	1.02

Bin Dawood Holding Inventory Turnover Calculation

Bin Dawood Holding'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 )
=	3793.14	/ (	(877.335	+	949.454)	/	2 )
=	3793.14	/	913.3945
=	4.15

Bin Dawood Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1021.885	/ (	(949.454	+	1057.803)	/	2 )
=	1021.885	/	1003.6285
=	1.02

Bin Dawood Holding (SAU:4161) 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.

Bin Dawood Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1003.6285	/	1021.885	*	365 / 4
	=	89.62

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.

Bin Dawood Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1003.6285	/	1472.924
	=	0.68

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.

Bin Dawood Holding Inventory Turnover Related Terms

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Bin Dawood Holding (SAU:4161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bin Dawood Holding (SAU:4161) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Madinah Al-Munawarah Road, Al Naeem, Jeddah, SAU, 21530

Website

https://www.bindawoodholding.com

Bin Dawood Holding is the grocery retail operator of hypermarkets and supermarkets in Saudi Arabia. The company's Stores comprise trading of FMCG, fresh Food Products, and Non-Food Products, including household consumable items, as well as the ownership and management of in-store bakeries.

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