AlSaif Stores for Development and Investment Co (SAU:4192) Inventory Turnover : 0.48 (As of Mar. 2024)

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What is AlSaif Stores for Development and Investment 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. AlSaif Stores for Development and Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼195.5 Mil. AlSaif Stores for Development and Investment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼406.3 Mil. AlSaif Stores for Development and Investment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AlSaif Stores for Development and Investment Co's Days Inventory for the three months ended in Mar. 2024 was 189.61.

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. AlSaif Stores for Development and Investment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

AlSaif Stores for Development and Investment Co Inventory Turnover Historical Data

The historical data trend for AlSaif Stores for Development and Investment 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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AlSaif Stores for Development and Investment Co Inventory Turnover Chart

AlSaif Stores for Development and Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

2.13

2.14

1.57

AlSaif Stores for Development and Investment Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					0.63	0.43	0.40	0.39	0.48

AlSaif Stores for Development and Investment Co Inventory Turnover Calculation

AlSaif Stores for Development and Investment 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 )
=	509.356	/ (	(239.069	+	409.614)	/	2 )
=	509.356	/	324.3415
=	1.57

AlSaif Stores for Development and Investment Co'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 )
=	195.519	/ (	(409.614	+	402.93)	/	2 )
=	195.519	/	406.272
=	0.48

AlSaif Stores for Development and Investment Co (SAU:4192) 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.

AlSaif Stores for Development and Investment Co'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
	=	406.272	/	195.519	*	365 / 4
	=	189.61

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.

AlSaif Stores for Development and Investment Co'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 )
	=	406.272	/	270.012
	=	1.50

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.

AlSaif Stores for Development and Investment Co Inventory Turnover Related Terms

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AlSaif Stores for Development and Investment Co (SAU:4192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » AlSaif Stores for Development and Investment Co (SAU:4192) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saud bin Abdulaziz bin Mohammed Street, Riyadh Altaawon Distrct Emam, P.O. Box 10448, Riyadh, SAU, 11626

Website

https://www.alsaifgallery.com

AlSaif Stores for Development and Investment Co operates in the home utensils and appliances retail sector in Saudi Arabia. The company fulfills customer needs such as by providing small home appliances, kitchenware, serveware, and other home accessories.

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