Alliances Developpement Immobilier (CAS:ADI) Inventory Turnover : 0.15 (As of Jun. 2023)

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What is Alliances Developpement Immobilier 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. Alliances Developpement Immobilier's Cost of Goods Sold for the six months ended in Jun. 2023 was MAD886 Mil. Alliances Developpement Immobilier's Average Total Inventories for the quarter that ended in Jun. 2023 was MAD6,052 Mil. Alliances Developpement Immobilier's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alliances Developpement Immobilier's Days Inventory for the six months ended in Jun. 2023 was 1,245.89.

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. Alliances Developpement Immobilier's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 6.04.

Alliances Developpement Immobilier Inventory Turnover Historical Data

The historical data trend for Alliances Developpement Immobilier'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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Alliances Developpement Immobilier Inventory Turnover Chart

Alliances Developpement Immobilier Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.36

0.24

0.13

0.17

0.19

Alliances Developpement Immobilier Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.08	0.09	0.09	0.10	0.15

Alliances Developpement Immobilier Inventory Turnover Calculation

Alliances Developpement Immobilier's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1149.315	/ (	(5728.324	+	6170.433)	/	2 )
=	1149.315	/	5949.3785
=	0.19

Alliances Developpement Immobilier's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	886.488	/ (	(6170.433	+	5933.277)	/	2 )
=	886.488	/	6051.855
=	0.15

Alliances Developpement Immobilier (CAS:ADI) 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.

Alliances Developpement Immobilier's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	6051.855	/	886.488	*	365 / 2
	=	1,245.89

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.

Alliances Developpement Immobilier's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	6051.855	/	1002.573
	=	6.04

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.

Alliances Developpement Immobilier Inventory Turnover Related Terms

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Alliances Developpement Immobilier (CAS:ADI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alliances Developpement Immobilier SA (CAS:ADI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16, Rue Ali Abderrazak, Casablanca, MAR

Website

http://www.alliances.co.ma

Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.