Gas Arabian Services Co (SAU:9528) Inventory Turnover : 6.05 (As of Jun. 2024)

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What is Gas Arabian Services 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. Gas Arabian Services Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼390.3 Mil. Gas Arabian Services Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼64.5 Mil. Gas Arabian Services Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gas Arabian Services Co's Days Inventory for the six months ended in Jun. 2024 was 30.15.

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. Gas Arabian Services Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

Gas Arabian Services Co Inventory Turnover Historical Data

The historical data trend for Gas Arabian Services 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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Gas Arabian Services Co Inventory Turnover Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

12.03

15.07

13.20

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			6.15	8.50	8.46	5.46	6.05

Gas Arabian Services Co Inventory Turnover Calculation

Gas Arabian Services 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 )
=	586.76	/ (	(27.118	+	61.778)	/	2 )
=	586.76	/	44.448
=	13.20

Gas Arabian Services Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	390.301	/ (	(61.778	+	67.187)	/	2 )
=	390.301	/	64.4825
=	6.05

Gas Arabian Services Co (SAU:9528) 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.

Gas Arabian Services Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	64.4825	/	390.301	*	365 / 2
	=	30.15

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.

Gas Arabian Services Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	64.4825	/	481.541
	=	0.13

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.

Gas Arabian Services Co Inventory Turnover Related Terms

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Gas Arabian Services Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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