Emaar the Economic City JSC (SAU:4220) Inventory Turnover : 0.18 (As of Dec. 2023)

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What is Emaar the Economic City JSC 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. Emaar the Economic City JSC's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼152 Mil. Emaar the Economic City JSC's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼858 Mil. Emaar the Economic City JSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emaar the Economic City JSC's Days Inventory for the three months ended in Dec. 2023 was 514.55.

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. Emaar the Economic City JSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 8.17.

Emaar the Economic City JSC Inventory Turnover Historical Data

The historical data trend for Emaar the Economic City JSC'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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Emaar the Economic City JSC Inventory Turnover Chart

Emaar the Economic City JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.21

1.32

0.85

0.72

Emaar the Economic City JSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.27	0.17	0.24	0.14	0.18

Emaar the Economic City JSC Inventory Turnover Calculation

Emaar the Economic City JSC'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 )
=	599.725	/ (	(820.802	+	839.341)	/	2 )
=	599.725	/	830.0715
=	0.72

Emaar the Economic City JSC'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 )
=	152.113	/ (	(876.175	+	839.341)	/	2 )
=	152.113	/	857.758
=	0.18

Emaar the Economic City JSC (SAU:4220) 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.

Emaar the Economic City JSC'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
	=	857.758	/	152.113	*	365 / 4
	=	514.55

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.

Emaar the Economic City JSC'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 )
	=	857.758	/	105.011
	=	8.17

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.

Emaar the Economic City JSC Inventory Turnover Related Terms

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Emaar the Economic City JSC (SAU:4220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Emaar the Economic City JSC (SAU:4220) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Abdullah Economic City, Rabigh, SAU

Website

https://www.kaec.net

Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties.

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