EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Inventory Turnover : 0.84 (As of Jun. 2024)

View and export this data going back to 2007. Start your Free Trial

What is EMSTEEL Building Materials 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. EMSTEEL Building Materials PJSC's Cost of Goods Sold for the three months ended in Jun. 2024 was د.إ1,633 Mil. EMSTEEL Building Materials PJSC's Average Total Inventories for the quarter that ended in Jun. 2024 was د.إ1,943 Mil. EMSTEEL Building Materials PJSC's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EMSTEEL Building Materials PJSC's Days Inventory for the three months ended in Jun. 2024 was 108.59.

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. EMSTEEL Building Materials PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.07.

EMSTEEL Building Materials PJSC Inventory Turnover Historical Data

The historical data trend for EMSTEEL Building Materials 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.

* Premium members only.

EMSTEEL Building Materials PJSC Inventory Turnover Chart

EMSTEEL Building Materials PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.74

1.67

2.04

3.90

EMSTEEL Building Materials PJSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.98	1.08	0.96	0.84

EMSTEEL Building Materials PJSC Inventory Turnover Calculation

EMSTEEL Building Materials PJSC'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 )
=	7802.085	/ (	(2066.613	+	1935.147)	/	2 )
=	7802.085	/	2000.88
=	3.90

EMSTEEL Building Materials PJSC's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1632.81	/ (	(1982.761	+	1903.506)	/	2 )
=	1632.81	/	1943.1335
=	0.84

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) 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.

EMSTEEL Building Materials PJSC's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1943.1335	/	1632.81	*	365 / 4
	=	108.59

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.

EMSTEEL Building Materials PJSC's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1943.1335	/	1820.55
	=	1.07

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.

EMSTEEL Building Materials PJSC Inventory Turnover Related Terms

Thank you for viewing the detailed overview of EMSTEEL Building Materials PJSC's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

EMSTEEL Building Materials PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EMSTEEL Building Materials PJSC (ADX:EMSTEEL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Dhabi Industrial City (ICAD), PO Box: 9022, Musaffah, Abu Dhabi, ARE

Website

https://www.emiratessteelarkan.com

EMSTEEL Building Materials PJSC is a steel and building materials manufacturer. The Group incorporates the latest innovative technologies in manufacturing, efficiency and sustainability, to deliver the high-quality products, services and solutions that clients need for their business to thrive today and tomorrow. It produces home-grown high-quality steel products that are shipped and used across the world and delivered into major global markets, for the construction, engineering and energy sectors. Additionally, the Group produces premium cement, blocks, pipes, and dry mortar, creating a one-stop shop for the manufacturing and construction sectors.

EMSTEEL Building Materials PJSC Headlines

No Headlines