Question
Aamal Company Gulf International Services 2018 (QAR) 2019 (QAR) 2018 (QAR) 2019 (QAR) Cost of goods sold 819,355,799 860,103,578 2,115,216,000 2,604,708,000 Inventory 171,478,952 163,980,453 216,289,000
| Aamal Company | Gulf International Services | ||
| 2018 (QAR) | 2019 (QAR) | 2018 (QAR) | 2019 (QAR) |
Cost of goods sold | 819,355,799 | 860,103,578 | 2,115,216,000 | 2,604,708,000 |
Inventory | 171,478,952 | 163,980,453 | 216,289,000 | 215,491,000 |
Account receivable | 405,154,154 | 413,063,705 | 599,842,000 | 766,322,000 |
Annual sales (Net Sales) | 1,286,551,774 | 1,294,116,605 | 2,519,180,000 | 3,010,812,000 |
Account payable | 353,914,426 | 400,469,842 | 579,358,000 | 841,857,000 |
Total assets | 9,046,154,697 | 9,020,633,852 | 10,342,904,000 | 10,766,866,000 |
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Ratio Calculations |
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1. Inventory Turnover | 4.78 | 5.25 | 9.78 | 12.09 |
2. Average Age of Inventory | 76.39 | 69.59 | 37.32 | 30.20 |
3. Average Collection Period | 114.94 | 116.50 | 86.91 | 92.90 |
4. Total Assets Turnover | 0.14 | 0.14 | 0.24 | 0.28 |
Required : Your recommendation
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