Radius Recycling (FRA:SS1A) Inventory Turnover : 1.95 (As of Feb. 2024)

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What is Radius Recycling 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. Radius Recycling's Cost of Goods Sold for the three months ended in Feb. 2024 was €539 Mil. Radius Recycling's Average Total Inventories for the quarter that ended in Feb. 2024 was €276 Mil. Radius Recycling's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radius Recycling's Days Inventory for the three months ended in Feb. 2024 was 46.69.

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. Radius Recycling's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.48.

Radius Recycling Inventory Turnover Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling Inventory Turnover Chart

Radius Recycling Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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9.64

8.43

11.17

11.19

8.33

Radius Recycling Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															2.10	2.42	2.17	2.27	1.95

Radius Recycling Inventory Turnover Calculation

Radius Recycling's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	2360.828	/ (	(311.092	+	255.515)	/	2 )
=	2360.828	/	283.3035
=	8.33

Radius Recycling's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	538.584	/ (	(259.701	+	291.468)	/	2 )
=	538.584	/	275.5845
=	1.95

Radius Recycling (FRA:SS1A) 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.

Radius Recycling's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	275.5845	/	538.584	*	365 / 4
	=	46.69

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.

Radius Recycling's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	275.5845	/	575.722
	=	0.48

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.

Radius Recycling Inventory Turnover Related Terms

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Radius Recycling (FRA:SS1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Inventory Turnover

Comparable Companies

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RDUS:USA

Address

299 SW Clay Street, Suite 350, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.

Radius Recycling (FRA:SS1A) Headlines

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