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Borouge (ADX:BOROUGE) Inventory Turnover : 1.11 (As of Mar. 2024)


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What is Borouge 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. Borouge's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ2,680 Mil. Borouge's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ2,412 Mil. Borouge's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Borouge's Days Inventory for the three months ended in Mar. 2024 was 82.13.

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. Borouge's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Borouge Inventory Turnover Historical Data

The historical data trend for Borouge'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.

* Premium members only.

Borouge Inventory Turnover Chart

Borouge Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
- - 5.58

Borouge Quarterly Data
Mar21 Dec21 Mar22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 1.32 1.33 1.35 1.38 1.11

Borouge Inventory Turnover Calculation

Borouge's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=13323.32 / ((2404.479 + 2369.751) / 2 )
=13323.32 / 2387.115
=5.58

Borouge's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=2680.206 / ((2369.751 + 2454.762) / 2 )
=2680.206 / 2412.2565
=1.11

* 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.

Borouge  (ADX:BOROUGE) 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.

Borouge's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=2412.2565/2680.206*365 / 4
=82.13

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.

Borouge's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=2412.2565 / 4782.875
=0.50

* 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.

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.

Borouge Inventory Turnover Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Inventory Turnover
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SZSE:300539 SZSE:301040 SZSE:301022 SHSE:600058 SZSE:301180 SZSE:002295 SZSE:300885 SZSE:300968 SZSE:301326 SHSE:603159 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE
Website
https://www.borouge.com
Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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