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Almujtama Alraida Medical Co (SAU:9592) Inventory Turnover : 0.00 (As of Dec. 2023)


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What is Almujtama Alraida Medical 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. Almujtama Alraida Medical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼278.5 Mil. Almujtama Alraida Medical Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Almujtama Alraida Medical Co's Days Inventory for the six months ended in Dec. 2023 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. Almujtama Alraida Medical Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Almujtama Alraida Medical Co Inventory Turnover Historical Data

The historical data trend for Almujtama Alraida Medical 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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Almujtama Alraida Medical Co Inventory Turnover Chart

Almujtama Alraida Medical Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
1.73 1.96 -

Almujtama Alraida Medical Co Semi-Annual Data
Dec21 Dec22 Dec23
Inventory Turnover 1.73 1.96 -

Almujtama Alraida Medical Co Inventory Turnover Calculation

Almujtama Alraida Medical 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 )
=278.535 / ((0 + 0) / 1 )
=278.535 / 0
=N/A

Almujtama Alraida Medical 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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=278.535 / ((0 + 0) / 1 )
=278.535 / 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.

Almujtama Alraida Medical Co  (SAU:9592) 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.

Almujtama Alraida Medical 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
=0/278.535*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.

Almujtama Alraida Medical 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 / 407.74
=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.

Almujtama Alraida Medical Co Inventory Turnover Related Terms

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Almujtama Alraida Medical Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Almujtama Alraida Medical Co (SAU:9592) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Main Street, P.O. Box 109474, Al-Hamadania District, Jeddah, SAU, 21351
Website
https://www.almujtama.com.sa
Almujtama Alraida Medical Co is a company having its core operations include operating pharmacies and retail in pharmaceutical products such as medicines and cosmetic products and medical equipment and medical supplies. It also provides pharmaceutical services in the Kingdom of Saudi Arabia. The Company also has an electronic pharmacy through which sales are made online through the Company's website, including providing free delivery service to customers.

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