Red Sea International Co (SAU:4230) Inventory Turnover : 11.70 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Red Sea International 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. Red Sea International Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼591 Mil. Red Sea International Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼50 Mil. Red Sea International Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Sea International Co's Days Inventory for the three months ended in Mar. 2024 was 7.80.

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. Red Sea International Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Red Sea International Co Inventory Turnover Historical Data

The historical data trend for Red Sea International 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.

Red Sea International Co Inventory Turnover Chart

Red Sea International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.28

5.23

3.75

4.29

21.52

Red Sea International Co Quarterly Data
	Jun19	Sep19	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															1.44	1.33	1.55	15.42	11.70

Red Sea International Co Inventory Turnover Calculation

Red Sea International 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 )
=	1264.196	/ (	(73.581	+	43.936)	/	2 )
=	1264.196	/	58.7585
=	21.52

Red Sea International 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 )
=	590.671	/ (	(43.936	+	57.051)	/	2 )
=	590.671	/	50.4935
=	11.70

Red Sea International Co (SAU:4230) 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.

Red Sea International 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
	=	50.4935	/	590.671	*	365 / 4
	=	7.80

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.

Red Sea International 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 )
	=	50.4935	/	659.214
	=	0.08

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.

Red Sea International Co Inventory Turnover Related Terms

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

Red Sea International Co (SAU:4230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Sea International Co (SAU:4230) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street, Riyadh Front, P.O Box 9371, Al-Rimal District, Riyadh, SAU, 21431

Website

https://www.redseahousing.com

Red Sea International Co provides modular living and working environments for industrial and residential communities. It provides civil contracting for commercial and residential buildings; offers real estate property investment and development; production of paints, coatings, construction machinery, and equipment; repair and maintenance services. The company has three reportable segments: Non-concrete residential and commercial buildings being the highest revenue driver; Rentals from investment properties; Paints and related services. It has a presence in Saudi Arabia, Ghana, United Arab Emirates, Papua New Guinea, Algeria, and others.

Red Sea International Co (SAU:4230) Headlines

No Headlines