Al Rashid Industrial Co (SAU:9580) Total Inventories : ﷼22.7 Mil (As of Dec. 2023)

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What is Al Rashid Industrial Co Total Inventories?

Al Rashid Industrial Co's total inventories for the quarter that ended in Dec. 2023 was ﷼22.7 Mil. Al Rashid Industrial Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was ﷼26.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Al Rashid Industrial Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ﷼4.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Rashid Industrial Co's Days Inventory for the six months ended in Dec. 2023 was 52.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Al Rashid Industrial Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.47.

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. Al Rashid Industrial Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Al Rashid Industrial Co Total Inventories Historical Data

The historical data trend for Al Rashid Industrial 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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Al Rashid Industrial Co Total Inventories Chart

Al Rashid Industrial Co Annual Data

Trend

Dec22

Dec23

Total Inventories

29.82

22.70

Al Rashid Industrial Co Semi-Annual Data
	Dec22	Dec23
Total Inventories	29.82	22.70

Al Rashid Industrial 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.

Al Rashid Industrial Co (SAU:9580) 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.

Al Rashid Industrial 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)
=	(28.397	+	0.75 * 26.351	+	0.5 * 22.7	-	22.556
-	0	-	0)	/	8
=	4.62

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

Al Rashid Industrial 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
	=	26.258	/	91.01	*	365 / 2
	=	52.65

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

Al Rashid Industrial 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 )
	=	91.01	/	26.258
	=	3.47

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.

Al Rashid Industrial 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 )
	=	26.258	/	135.031
	=	0.19

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.

Al Rashid Industrial Co Total Inventories Related Terms

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Al Rashid Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial City, 7960, Riyadh, SAU, 143322

Website

https://www.lastmade.com

Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

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