CresudCIF y A (BUE:CRES) Inventory Turnover : 0.42 (As of Dec. 2023)

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What is CresudCIF y A 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. CresudCIF y A's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS44,248 Mil. CresudCIF y A's Average Total Inventories for the quarter that ended in Dec. 2023 was ARS105,687 Mil. CresudCIF y A's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CresudCIF y A's Days Inventory for the three months ended in Dec. 2023 was 217.95.

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. CresudCIF y A's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.04.

CresudCIF y A Inventory Turnover Historical Data

The historical data trend for CresudCIF y A'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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CresudCIF y A Inventory Turnover Chart

CresudCIF y A Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.08

3.38

3.03

2.97

2.49

CresudCIF y A 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															1.71	0.39	1.13	0.78	0.42

CresudCIF y A Inventory Turnover Calculation

CresudCIF y A's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	119134	/ (	(48792	+	46910)	/	2 )
=	119134	/	47851
=	2.49

CresudCIF y A'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 )
=	44248	/ (	(62545	+	148829)	/	2 )
=	44248	/	105687
=	0.42

CresudCIF y A (BUE:CRES) 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.

CresudCIF y A'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
	=	105687	/	44248	*	365 / 4
	=	217.95

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.

CresudCIF y A'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 )
	=	105687	/	101239
	=	1.04

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.

CresudCIF y A Inventory Turnover Related Terms

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CresudCIF y A (BUE:CRES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Cresud SACIF y A (BUE:CRES) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CRESY:USA CD8:Germany

Address

Carlos M. Della Paolera 261, 9th Floor, Buenos Aires, ARG, C1001ADA

Website

https://www.cresud.com.ar

Cresud SACIF y A is engaged in agricultural business and urban properties and investment business. Under its agricultural business the company produces oilseed grains and cereals, sugar cane and meat. The Agricultural business of the company is further comprised of four reportable segments which are Agricultural production, Land transformation and Sales, Corporate and Other segments. The company participates in the real estate business in Argentina through its subsidiary IRSA. The real estate business is further comprised of five reportable segments, namely Shopping Malls, Offices, Sales and Developments, Hotels and others.

CresudCIF y A (BUE:CRES) Headlines

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