Recylex (FRA:MEP) Inventory Turnover : 4.99 (As of Dec. 2020)

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What is Recylex 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. Recylex's Cost of Goods Sold for the six months ended in Dec. 2020 was €25.1 Mil. Recylex's Average Total Inventories for the quarter that ended in Dec. 2020 was €5.0 Mil. Recylex's Inventory Turnover for the quarter that ended in Dec. 2020 was 4.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Recylex's Days Inventory for the six months ended in Dec. 2020 was 36.57.

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

Recylex Inventory Turnover Historical Data

The historical data trend for Recylex'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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Recylex Inventory Turnover Chart

Recylex Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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8.24

8.14

4.86

5.21

6.36

Recylex Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Inventory Turnover	Get a 7-Day Free Trial															1.48	1.96	3.82	4.46	4.99

Recylex Inventory Turnover Calculation

Recylex's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	86.957	/ (	(22.497	+	4.857)	/	2 )
=	86.957	/	13.677
=	6.36

Recylex's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	25.115	/ (	(5.209	+	4.857)	/	2 )
=	25.115	/	5.033
=	4.99

Recylex (FRA:MEP) 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.

Recylex's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	5.033	/	25.115	*	365 / 2
	=	36.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	5.033	/	31.838
	=	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.

Recylex Inventory Turnover Related Terms

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Recylex (FRA:MEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Recylex SA (FRA:MEP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Rue Jean-Jaques Rousseau, Suresnes Cedex, Paris, FRA, 92158

Website

http://www.recylex.fr

Recylex SA is specialized in the recycling of lead from used automotive and industrial batteries, zinc recycling from electrical steel mill dust and old zinc and recycling of polypropylene from used battery casings and other industrial waste such as car parts and construction waste. It is also engaged in the production of special metals used in the electronics sector, the optical industry and cutting-edge technologies. The company provides corporate services and also conducts business of processing scrap lead-acid batteries at two sites in France.

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