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Saudi Top for Trading Co (SAU:9552) Inventory Turnover : 1.37 (As of Jun. 2024)


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What is Saudi Top for Trading 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. Saudi Top for Trading Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼63.2 Mil. Saudi Top for Trading Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼46.2 Mil. Saudi Top for Trading Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Top for Trading Co's Days Inventory for the six months ended in Jun. 2024 was 133.58.

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. Saudi Top for Trading Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.63.

Saudi Top for Trading Co Inventory Turnover Historical Data

The historical data trend for Saudi Top for Trading 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.

Saudi Top for Trading Co Inventory Turnover Chart

Saudi Top for Trading Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
- 3.26 2.98

Saudi Top for Trading Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial - 1.50 1.45 1.62 1.37

Saudi Top for Trading Co Inventory Turnover Calculation

Saudi Top for Trading 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 )
=120.681 / ((40.635 + 40.456) / 2 )
=120.681 / 40.5455
=2.98

Saudi Top for Trading 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 )
=63.183 / ((40.456 + 52.037) / 2 )
=63.183 / 46.2465
=1.37

* 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.

Saudi Top for Trading Co  (SAU:9552) 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.

Saudi Top for Trading 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
=46.2465/63.183*365 / 2
=133.58

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.

Saudi Top for Trading 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 )
=46.2465 / 73.983
=0.63

* 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.

Saudi Top for Trading Co Inventory Turnover Related Terms

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Saudi Top for Trading Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Top for Trading Co (SAU:9552) » Definitions » Inventory Turnover
Comparable Companies
SAU:9548 SAU:9525 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF ISX:TPIA XSWX:EMSN TSE:4612 TPE:1303
Traded in Other Exchanges
N/A
Address
3776 Eastern Ring Road, Alnoor District, Riyadh, SAU, 14321
Website
https://www.stp.com.sa
Saudi Top for Trading Co is engaged in the plastic raw materials business as a trading company or manufacturer and also an authorized distributor for petrochemical-producing companies. The company's product portfolio includes Polyethylene WAX, Polyethylene, Polyethylene Terephthalate, Thermoplastic Elastomers, Styrenics, Polypropylene Rubber, and Engineering Polymers.

Saudi Top for Trading Co Headlines

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