Gas Arabian Services Co (SAU:9528) Total Inventories : ﷼61.8 Mil (As of Dec. 2023)

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What is Gas Arabian Services Co Total Inventories?

Gas Arabian Services Co's total inventories for the quarter that ended in Dec. 2023 was ﷼61.8 Mil. Gas Arabian Services Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was ﷼52.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gas Arabian Services Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gas Arabian Services Co's Days Inventory for the six months ended in Dec. 2023 was 33.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gas Arabian Services Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.49.

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. Gas Arabian Services Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Gas Arabian Services Co Total Inventories Historical Data

The historical data trend for Gas Arabian Services 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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Gas Arabian Services Co Total Inventories Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

23.42

27.12

61.78

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			23.42	26.46	27.12	43.56	61.78

Gas Arabian Services 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.

Gas Arabian Services Co (SAU:9528) 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.

Gas Arabian Services Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(91.059	+	0.75 * 167.986	+	0.5 * 61.778	-	225.72
-	0	-	0)	/	157.969
=	0.14

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

Gas Arabian Services 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
	=	52.6665	/	289.371	*	365 / 2
	=	33.22

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

Gas Arabian Services Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	289.371	/	52.6665
	=	5.49

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.

Gas Arabian Services 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 )
	=	52.6665	/	370.294
	=	0.14

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.

Gas Arabian Services Co Total Inventories Related Terms

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Gas Arabian Services Co (SAU:9528) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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