DXB Entertainments PJSC (DFM:DXBE) Inventory Turnover : 0.27 (As of Mar. 2021)

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What is DXB Entertainments 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. DXB Entertainments PJSC's Cost of Goods Sold for the three months ended in Mar. 2021 was د.إ5.93 Mil. DXB Entertainments PJSC's Average Total Inventories for the quarter that ended in Mar. 2021 was د.إ22.28 Mil. DXB Entertainments PJSC's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DXB Entertainments PJSC's Days Inventory for the three months ended in Mar. 2021 was 342.89.

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. DXB Entertainments PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.40.

DXB Entertainments PJSC Inventory Turnover Historical Data

The historical data trend for DXB Entertainments 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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DXB Entertainments PJSC Inventory Turnover Chart

DXB Entertainments PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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0.58

3.20

2.34

1.99

0.71

DXB Entertainments PJSC Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.02	0.02	0.23	0.27

DXB Entertainments PJSC Inventory Turnover Calculation

DXB Entertainments PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	15.789	/ (	(22.088	+	22.157)	/	2 )
=	15.789	/	22.1225
=	0.71

DXB Entertainments PJSC's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	5.929	/ (	(22.157	+	22.402)	/	2 )
=	5.929	/	22.2795
=	0.27

DXB Entertainments PJSC (DFM:DXBE) 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.

DXB Entertainments PJSC's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	22.2795	/	5.929	*	365 / 4
	=	342.89

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.

DXB Entertainments PJSC's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	22.2795	/	55.451
	=	0.40

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.

DXB Entertainments PJSC Inventory Turnover Related Terms

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DXB Entertainments PJSC (DFM:DXBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DXB Entertainments PJSC (DFM:DXBE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 33772, Opposite the Palm Jebel Ali, Exit 5, Saih Shuaib, Dubai, ARE

Website

http://www.dxbentertainments.com

DXB Entertainments PJSC is a leisure and entertainment company in Dubai. It owns the Dubai Parks and Resorts destination which consists of theme parks and water parks at the same location. Its brands include MotionGate Dubai, which is a Hollywood based theme park and the highest revenue source, Legoland Dubai and Waterpark, Bollywood Parks Dubai, Lapita, and Riverland Dubai.

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