Arabian Drilling Co (SAU:2381) Total Inventories : ﷼309 Mil (As of Dec. 2024)

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What is Arabian Drilling Co Total Inventories?

Arabian Drilling Co's total inventories for the quarter that ended in Dec. 2024 was ﷼309 Mil. Arabian Drilling Co's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was ﷼313 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Arabian Drilling Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was ﷼-40.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arabian Drilling Co's Days Inventory for the three months ended in Dec. 2024 was 42.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arabian Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.13.

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. Arabian Drilling Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.37.

Arabian Drilling Co Total Inventories Historical Data

The historical data trend for Arabian Drilling Co'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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Arabian Drilling Co Total Inventories Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Inventories

143.33

172.54

279.74

308.67

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial									279.74	310.42	319.93	317.62	308.67

Arabian Drilling Co 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.

Arabian Drilling Co (SAU:2381) 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.

Arabian Drilling Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(581.807	+	0.75 * 314.67	+	0.5 * 308.671	-	4596.656
-	0	-	0)	/	89.000
=	-40.72

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

Arabian Drilling Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	313.1455	/	667.278	*	365 / 4
	=	42.82

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

Arabian Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	667.278	/	313.1455
	=	2.13

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.

Arabian Drilling Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	313.1455	/	849.66
	=	0.37

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.

Arabian Drilling Co Total Inventories Related Terms

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Arabian Drilling Co Business Description

Industry

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Traded in Other Exchanges

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Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs.

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