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Sure Global Tech Co (SAU:9550) Inventory Turnover : 0.00 (As of Jun. 2024)


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What is Sure Global Tech 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. Sure Global Tech Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼70.4 Mil. Sure Global Tech Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sure Global Tech Co's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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. Sure Global Tech Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Sure Global Tech Co Inventory Turnover Historical Data

The historical data trend for Sure Global Tech 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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Sure Global Tech Co Inventory Turnover Chart

Sure Global Tech Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
- - -

Sure Global Tech Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial - - - - -

Sure Global Tech Co Inventory Turnover Calculation

Sure Global Tech 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 )
=137.833 / ((0 + 0) / 1 )
=137.833 / 0
=N/A

Sure Global Tech 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 )
=70.353 / ((0 + 0) / 1 )
=70.353 / 0
=N/A

* 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.

Sure Global Tech Co  (SAU:9550) 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.

Sure Global Tech 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
=0/70.353*365 / 2
=0.00

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.

Sure Global Tech 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 )
=0 / 102.422
=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.

Sure Global Tech Co Inventory Turnover Related Terms

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Sure Global Tech Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Inventory Turnover
Comparable Companies
SAU:9614 SAU:9538 SAU:9557 IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS TSE:6702 CTSH XMAD:AMS IT TSE:6701 BOM:507685 BR TSE:9613 XPAR:CAP TSX:GIB.A
Traded in Other Exchanges
N/A
Address
Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281
Website
https://www.sure.com.sa
Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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