Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Inventory Turnover : 3.60 (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics 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. Aqaseem Factory for Chemicals & Plastics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼54.8 Mil. Aqaseem Factory for Chemicals & Plastics Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼15.2 Mil. Aqaseem Factory for Chemicals & Plastics Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aqaseem Factory for Chemicals & Plastics Co's Days Inventory for the six months ended in Dec. 2023 was 50.69.

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. Aqaseem Factory for Chemicals & Plastics Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Aqaseem Factory for Chemicals & Plastics Co Inventory Turnover Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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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Aqaseem Factory for Chemicals & Plastics Co Inventory Turnover Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

5.23

7.22

7.02

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			2.88	3.25	3.85	3.43	3.60

Aqaseem Factory for Chemicals & Plastics Co Inventory Turnover Calculation

Aqaseem Factory for Chemicals & Plastics 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 )
=	111.56	/ (	(16.579	+	15.208)	/	2 )
=	111.56	/	15.8935
=	7.02

Aqaseem Factory for Chemicals & Plastics 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 )
=	54.75	/ (	(0	+	15.208)	/	1 )
=	54.75	/	15.208
=	3.60

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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.

Aqaseem Factory for Chemicals & Plastics 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
	=	15.208	/	54.75	*	365 / 2
	=	50.69

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.

Aqaseem Factory for Chemicals & Plastics 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 )
	=	15.208	/	76.211
	=	0.20

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.

Aqaseem Factory for Chemicals & Plastics Co Inventory Turnover Related Terms

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Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

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Traded in Other Exchanges

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Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

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