Catrion Catering Holding Co (SAU:6004) Inventory Turnover : 5.22 (As of Dec. 2023)

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What is Catrion Catering Holding 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. Catrion Catering Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼407 Mil. Catrion Catering Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼78 Mil. Catrion Catering Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Catrion Catering Holding Co's Days Inventory for the three months ended in Dec. 2023 was 17.46.

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. Catrion Catering Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Catrion Catering Holding Co Inventory Turnover Historical Data

The historical data trend for Catrion Catering Holding 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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Catrion Catering Holding Co Inventory Turnover Chart

Catrion Catering Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.82

6.56

9.65

20.32

22.60

Catrion Catering Holding 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															5.27	5.90	4.72	4.84	5.22

Catrion Catering Holding Co Inventory Turnover Calculation

Catrion Catering Holding 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 )
=	1567.769	/ (	(61.522	+	77.19)	/	2 )
=	1567.769	/	69.356
=	22.60

Catrion Catering Holding 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 )
=	406.937	/ (	(78.579	+	77.19)	/	2 )
=	406.937	/	77.8845
=	5.22

Catrion Catering Holding Co (SAU:6004) 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.

Catrion Catering Holding 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
	=	77.8845	/	406.937	*	365 / 4
	=	17.46

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.

Catrion Catering Holding 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 )
	=	77.8845	/	549.129
	=	0.14

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.

Catrion Catering Holding Co Inventory Turnover Related Terms

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Catrion Catering Holding Co (SAU:6004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Catrion Catering Holding Co (SAU:6004) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Al Saeb Al Jomhi Street, Prince Sultan Bin Abdulaziz Road, P.O Box 9178, Almohammadya District (5), Jeddah, SAU, 21413

Website

https://www.saudiacatering.com

Catrion Catering Holding Co formerly Saudi Airlines Catering Co is engaged in the provision of cooked and non-cooked food to private and public sectors, provision of sky sales, operation and management of duty-free zones in Saudi Arabian airports, and ownership, operation, and management of restaurants at airports and other places, and the ownership, operation, and management of central laundries. The Company mainly provides catering services to Saudi Arabian Airlines and other foreign airlines. The company has three operating segments; Inflight includes Inflight catering, airline equipment, and business lounge, Retail includes Onboard, ground, and online, and Catering and Facilities include Remote & Camp management, Business & Industries catering, Security services, Laundry services.

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