Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Inventory Turnover : 583.42 (As of Dec. 2021)

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What is Al Seer Marine Supplies & Equipment PJSC 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. Al Seer Marine Supplies & Equipment PJSC's Cost of Goods Sold for the six months ended in Dec. 2021 was د.إ538.5 Mil. Al Seer Marine Supplies & Equipment PJSC's Average Total Inventories for the quarter that ended in Dec. 2021 was د.إ0.9 Mil. Al Seer Marine Supplies & Equipment PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 was 583.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al Seer Marine Supplies & Equipment PJSC's Days Inventory for the six months ended in Dec. 2021 was 0.31.

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 Seer Marine Supplies & Equipment PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.00.

Al Seer Marine Supplies & Equipment PJSC Inventory Turnover Historical Data

The historical data trend for Al Seer Marine Supplies & Equipment PJSC'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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Al Seer Marine Supplies & Equipment PJSC Inventory Turnover Chart

Al Seer Marine Supplies & Equipment PJSC Annual Data

Trend

Dec20

Dec21

Inventory Turnover

438.18

583.42

Al Seer Marine Supplies & Equipment PJSC Semi-Annual Data
	Dec20	Dec21
Inventory Turnover	438.18	583.42

Al Seer Marine Supplies & Equipment PJSC Inventory Turnover Calculation

Al Seer Marine Supplies & Equipment PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	538.493	/ (	(1.03	+	0.816)	/	2 )
=	538.493	/	0.923
=	583.42

Al Seer Marine Supplies & Equipment PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	538.493	/ (	(1.03	+	0.816)	/	2 )
=	538.493	/	0.923
=	583.42

Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.

Al Seer Marine Supplies & Equipment PJSC's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.923	/	538.493	*	365 / 2
	=	0.31

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.

Al Seer Marine Supplies & Equipment PJSC's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.923	/	620.759
	=	0.00

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.

Al Seer Marine Supplies & Equipment PJSC Inventory Turnover Related Terms

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Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number A-20, Sector MW-5, P.O. Box 33639, Mussafah Industrial City, Abu Dhabi, ARE

Website

https://www.alseermarine.ae

Al Seer Marine Supplies & Equipment PJSC is a marine company in the Arabian maritime region, with a portfolio of services that caters to all needs of boat owners, managers and crew. The services of the company include Boat Building, Maintenance Services, Yacht Management, Training Institute, and Maintenance services among others.