AME Company for Medical Supplies (SAU:9527) Inventory Turnover : 1.42 (As of Dec. 2023)

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What is AME Company for Medical Supplies 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. AME Company for Medical Supplies's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼59.9 Mil. AME Company for Medical Supplies's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼42.3 Mil. AME Company for Medical Supplies's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AME Company for Medical Supplies's Days Inventory for the six months ended in Dec. 2023 was 128.72.

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. AME Company for Medical Supplies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

AME Company for Medical Supplies Inventory Turnover Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies Inventory Turnover Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

3.26

2.88

2.73

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			1.76	2.09	1.11	1.50	1.42

AME Company for Medical Supplies Inventory Turnover Calculation

AME Company for Medical Supplies'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 )
=	124.565	/ (	(46.358	+	44.945)	/	2 )
=	124.565	/	45.6515
=	2.73

AME Company for Medical Supplies'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	59.919	/ (	(39.579	+	44.945)	/	2 )
=	59.919	/	42.262
=	1.42

AME Company for Medical Supplies (SAU:9527) 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.

AME Company for Medical Supplies's Days Inventory for the six 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
	=	42.262	/	59.919	*	365 / 2
	=	128.72

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.

AME Company for Medical Supplies'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 )
	=	42.262	/	102.981
	=	0.41

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.

AME Company for Medical Supplies Inventory Turnover Related Terms

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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

AME Company for Medical Supplies (SAU:9527) Headlines

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