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Naseej for Technology Co (SAU:9538) Inventory Turnover : 150.16 (As of Dec. 2023)


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What is Naseej for Technology 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. Naseej for Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼83.0 Mil. Naseej for Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼0.6 Mil. Naseej for Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 150.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Naseej for Technology Co's Days Inventory for the six months ended in Dec. 2023 was 1.22.

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. Naseej for Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Naseej for Technology Co Inventory Turnover Historical Data

The historical data trend for Naseej for Technology 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.

Naseej for Technology Co Inventory Turnover Chart

Naseej for Technology Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
64.95 139.10 2,059.82

Naseej for Technology Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial 34.22 32.05 78.81 115.68 150.16

Naseej for Technology Co Inventory Turnover Calculation

Naseej for Technology 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 )
=150.367 / ((0.102 + 0.044) / 2 )
=150.367 / 0.073
=2,059.82

Naseej for Technology 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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=83.04 / ((1.062 + 0.044) / 2 )
=83.04 / 0.553
=150.16

* 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.

Naseej for Technology Co  (SAU:9538) 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.

Naseej for Technology Co'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
=0.553/83.04*365 / 2
=1.22

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.

Naseej for Technology 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 )
=0.553 / 124.356
=0.00

* 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.

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.

Naseej for Technology Co Inventory Turnover Related Terms

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Naseej for Technology Co (SAU:9538) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Naseej for Technology Co (SAU:9538) » Definitions » Inventory Turnover
Comparable Companies
SAU:9550 SAU:9557 ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW IT TSE:6702 BOM:507685 TSX:GIB.A BR BOM:540005 TSE:9613 TSE:4307
Traded in Other Exchanges
N/A
Address
Al-Ahsa Road,, P.O Box : 20129, Building Number 7593, Ground floor, Riyadh, SAU, 11455
Website
https://www.naseej.com
Naseej for Technology Co offers comprehensive digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations, and large corporations. The company's reportable segments are KAM solutions, Education solutions and E-solutions.

Naseej for Technology Co (SAU:9538) Headlines

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