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Saudi Lime Industries Co (SAU:9566) Inventory Turnover : 1.38 (As of Dec. 2023)


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What is Saudi Lime Industries Co 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. Saudi Lime Industries Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼42.8 Mil. Saudi Lime Industries Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ﷼30.9 Mil. Saudi Lime Industries Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saudi Lime Industries Co's Days Inventory for the six months ended in Dec. 2023 was 131.89.

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. Saudi Lime Industries Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Saudi Lime Industries Co Inventory Turnover Historical Data

The historical data trend for Saudi Lime Industries Co'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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Saudi Lime Industries Co Inventory Turnover Chart

Saudi Lime Industries Co Annual Data
Trend Dec22 Dec23
Inventory Turnover
2.90 2.75

Saudi Lime Industries Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Inventory Turnover - 1.44 1.45 1.38

Saudi Lime Industries Co Inventory Turnover Calculation

Saudi Lime Industries Co'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 )
=83.266 / ((27.363 + 33.216) / 2 )
=83.266 / 30.2895
=2.75

Saudi Lime Industries Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=42.759 / ((28.587 + 33.216) / 2 )
=42.759 / 30.9015
=1.38

* 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.

Saudi Lime Industries Co  (SAU:9566) 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.

Saudi Lime Industries 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
=30.9015/42.759*365 / 2
=131.89

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.

Saudi Lime Industries 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 )
=30.9015 / 78.443
=0.39

* 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.

Saudi Lime Industries Co Inventory Turnover Related Terms

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Saudi Lime Industries Co (SAU:9566) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saudi Lime Industries Co (SAU:9566) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383
Website
https://saudilime.com
Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

Saudi Lime Industries Co (SAU:9566) Headlines

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