Abraj Energy Services CoOG (MUS:ABRJ) Total Inventories : ر.ع28.5 Mil (As of Sep. 2024)

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What is Abraj Energy Services CoOG Total Inventories?

Abraj Energy Services CoOG's total inventories for the quarter that ended in Sep. 2024 was ر.ع28.5 Mil. Abraj Energy Services CoOG's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ر.ع28.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Abraj Energy Services CoOG's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ر.ع-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abraj Energy Services CoOG's Days Inventory for the three months ended in Sep. 2024 was 93.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abraj Energy Services CoOG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.98.

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. Abraj Energy Services CoOG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.77.

Abraj Energy Services CoOG Total Inventories Historical Data

The historical data trend for Abraj Energy Services CoOG's Total Inventories 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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Abraj Energy Services CoOG Total Inventories Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

Total Inventories

18.61

23.79

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial						22.93	23.79	26.10	27.72	28.53

Abraj Energy Services CoOG Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Abraj Energy Services CoOG (MUS:ABRJ) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Abraj Energy Services CoOG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.959	+	0.75 * 30.569	+	0.5 * 28.531	-	141.253
-	0	-	0)	/	770.200
=	-0.13

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Abraj Energy Services CoOG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	28.1275	/	27.589	*	365 / 4
	=	93.03

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Abraj Energy Services CoOG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	27.589	/	28.1275
	=	0.98

4. 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.

Abraj Energy Services CoOG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	28.1275	/	36.347
	=	0.77

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Abraj Energy Services CoOG Total Inventories Related Terms

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Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » Total Inventories

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Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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