Atlas Elevators General Trading and Contracting Co (SAU:9578) Inventory Turnover : 0.72 (As of Jun. 2024)

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What is Atlas Elevators General Trading and Contracting 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. Atlas Elevators General Trading and Contracting Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼31.48 Mil. Atlas Elevators General Trading and Contracting Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼43.76 Mil. Atlas Elevators General Trading and Contracting Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlas Elevators General Trading and Contracting Co's Days Inventory for the six months ended in Jun. 2024 was 253.68.

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. Atlas Elevators General Trading and Contracting Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.00.

Atlas Elevators General Trading and Contracting Co Inventory Turnover Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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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Atlas Elevators General Trading and Contracting Co Inventory Turnover Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Inventory Turnover

1.55

1.16

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	-	0.52	0.63	0.72

Atlas Elevators General Trading and Contracting Co Inventory Turnover Calculation

Atlas Elevators General Trading and Contracting 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 )
=	44.516	/ (	(33.761	+	43.122)	/	2 )
=	44.516	/	38.4415
=	1.16

Atlas Elevators General Trading and Contracting 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 )
=	31.479	/ (	(43.122	+	44.393)	/	2 )
=	31.479	/	43.7575
=	0.72

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

Atlas Elevators General Trading and Contracting 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
	=	43.7575	/	31.479	*	365 / 2
	=	253.68

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.

Atlas Elevators General Trading and Contracting 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 )
	=	43.7575	/	43.891
	=	1.00

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.

Atlas Elevators General Trading and Contracting Co Inventory Turnover Related Terms

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Atlas Elevators General Trading and Contracting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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