Cosan (CZZ) Inventory Turnover : 4.35 (As of Sep. 2020)

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

What is Cosan 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. Cosan's Cost of Goods Sold for the three months ended in Sep. 2020 was $723 Mil. Cosan's Average Total Inventories for the quarter that ended in Sep. 2020 was $166 Mil. Cosan's Inventory Turnover for the quarter that ended in Sep. 2020 was 4.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cosan's Days Inventory for the three months ended in Sep. 2020 was 20.97.

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. Cosan's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.16.

Cosan Inventory Turnover Historical Data

The historical data trend for Cosan'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.

Cosan Inventory Turnover Chart

Cosan Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

Get a 7-Day Free Trial

14.70

13.88

14.38

16.17

18.39

Cosan Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															4.51	4.39	3.92	3.14	4.35

Cosan Inventory Turnover Calculation

Cosan's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	3459.807	/ (	(184.449	+	191.819)	/	2 )
=	3459.807	/	188.134
=	18.39

Cosan's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	722.814	/ (	(167.604	+	164.558)	/	2 )
=	722.814	/	166.081
=	4.35

Cosan (NYSE:CZZ) 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.

Cosan's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	166.081	/	722.814	*	365 / 4
	=	20.97

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.

Cosan's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	166.081	/	1066.181
	=	0.16

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.

Cosan Inventory Turnover Related Terms

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

Cosan (CZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cosan Ltd (NYSE:CZZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4100, Avenue Brigadeiro Faria Lima, 15th Floor, Sao Paulo, SP, BRA, 04538-132

Website

http://ri.cosanlimited.com

Cosan Ltd is engaged in the production of sugar, ethanol, fuel, and gas. The company reportable segments include Raizen Energia, Raizen Combustiveis, Comgas, Logistic, and Moove as well as Cosan Corporate. It generates maximum revenue from the Raizen Combustiveis segment. Geographically, the company generates maximum revenue from Brazil and also has a presence in Europe, Latin America, North America, and Asia and Other Countries.