Saudi Electricity Co (SAU:5110) Inventory Turnover : 4.80 (As of Dec. 2023)

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What is Saudi Electricity 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. Saudi Electricity Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼18,471 Mil. Saudi Electricity Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼3,849 Mil. Saudi Electricity Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Electricity Co's Days Inventory for the three months ended in Dec. 2023 was 19.02.

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. Saudi Electricity Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Saudi Electricity Co Inventory Turnover Historical Data

The historical data trend for Saudi Electricity 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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Saudi Electricity Co Inventory Turnover Chart

Saudi Electricity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.02

12.09

11.82

15.62

17.12

Saudi Electricity Co 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															3.59	3.07	3.23	3.85	4.80

Saudi Electricity Co Inventory Turnover Calculation

Saudi Electricity 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 )
=	59808.297	/ (	(3377.551	+	3609.49)	/	2 )
=	59808.297	/	3493.5205
=	17.12

Saudi Electricity Co'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 )
=	18470.672	/ (	(4089.291	+	3609.49)	/	2 )
=	18470.672	/	3849.3905
=	4.80

Saudi Electricity Co (SAU:5110) 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.

Saudi Electricity Co'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
	=	3849.3905	/	18470.672	*	365 / 4
	=	19.02

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.

Saudi Electricity Co'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 )
	=	3849.3905	/	18433.841
	=	0.21

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.

Saudi Electricity Co Inventory Turnover Related Terms

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Saudi Electricity Co (SAU:5110) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saudi Electricity Co (SAU:5110) » Definitions » Inventory Turnover

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Address

Crossing of Al-Olaya Street, Rihana Bint Zaid Street, P. O. Box 22955, Al-Arid district, Riyadh, SAU, 11416

Website

https://www.se.com.sa

Saudi Electricity Co is principally engaged in the generation, transmission, and distribution of electrical power and customer service activities. The company provides its services to governmental, industrial, agricultural, commercial, and residential sectors. Saudi Electricity operates through three segments namely Generation segment which is involved in the generation and provision of electric power; Transmission segment which is engaged in the transmission of electrical power from generation stations using transmission network, to the distribution network and operation and maintenance of electricity transmission system; and Distribution and Subscriber services segment which includes receipt of electric power from the transmission network and distribution to the company's customers.

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