Sociedad Comercial del Plata (BUE:COME) Inventory Turnover : 6.08 (As of Dec. 2023)

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What is Sociedad Comercial del Plata 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. Sociedad Comercial del Plata's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS116,195 Mil. Sociedad Comercial del Plata's Average Total Inventories for the quarter that ended in Dec. 2023 was ARS19,108 Mil. Sociedad Comercial del Plata's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sociedad Comercial del Plata's Days Inventory for the three months ended in Dec. 2023 was 15.01.

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. Sociedad Comercial del Plata's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Sociedad Comercial del Plata Inventory Turnover Historical Data

The historical data trend for Sociedad Comercial del Plata'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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Sociedad Comercial del Plata Inventory Turnover Chart

Sociedad Comercial del Plata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.39

17.83

27.38

30.00

12.42

Sociedad Comercial del Plata Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															15.41	2.32	4.23	3.64	6.08

Sociedad Comercial del Plata Inventory Turnover Calculation

Sociedad Comercial del Plata'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 )
=	220436.608	/ (	(11985.071	+	23525.985)	/	2 )
=	220436.608	/	17755.528
=	12.42

Sociedad Comercial del Plata'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	116195.281	/ (	(14689.135	+	23525.985)	/	2 )
=	116195.281	/	19107.56
=	6.08

Sociedad Comercial del Plata (BUE:COME) 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.

Sociedad Comercial del Plata's Days Inventory for the three 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
	=	19107.56	/	116195.281	*	365 / 4
	=	15.01

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.

Sociedad Comercial del Plata'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 )
	=	19107.56	/	137911.26
	=	0.14

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.

Sociedad Comercial del Plata Inventory Turnover Related Terms

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Sociedad Comercial del Plata (BUE:COME) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sociedad Comercial del Plata SA (BUE:COME) » Definitions » Inventory Turnover

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CADN:Switzerland

Address

1st Floor, Tower B, Thames Office Park,, Pan American Collector, Buenos Aires, ARG, B1607EEV

Website

http://www.scp.com.ar

Sociedad Comercial del Plata SA is an investment holding company. It invests in companies engaged in construction, agribusiness, entertainment, energy, transportation and infrastructure and real estate sectors.

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