Exel Composites Oyj (OHEL:EXL1V) Inventory Turnover : 0.94 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Exel Composites Oyj 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. Exel Composites Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €17.06 Mil. Exel Composites Oyj's Average Total Inventories for the quarter that ended in Dec. 2023 was €18.10 Mil. Exel Composites Oyj's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Exel Composites Oyj's Days Inventory for the six months ended in Dec. 2023 was 193.63.

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. Exel Composites Oyj's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

Exel Composites Oyj Inventory Turnover Historical Data

The historical data trend for Exel Composites Oyj'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.

Exel Composites Oyj Inventory Turnover Chart

Exel Composites Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.58

2.59

3.17

2.50

2.00

Exel Composites Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.59	1.30	1.15	1.09	0.94

Exel Composites Oyj Inventory Turnover Calculation

Exel Composites Oyj'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 )
=	40.32	/ (	(23.426	+	16.867)	/	2 )
=	40.32	/	20.1465
=	2.00

Exel Composites Oyj'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17.06	/ (	(19.333	+	16.867)	/	2 )
=	17.06	/	18.1
=	0.94

Exel Composites Oyj (OHEL:EXL1V) 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.

Exel Composites Oyj's Days Inventory for the six 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
	=	18.1	/	17.06	*	365 / 2
	=	193.63

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.

Exel Composites Oyj'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 )
	=	18.1	/	42.613
	=	0.42

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.

Exel Composites Oyj Inventory Turnover Related Terms

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

Exel Composites Oyj (OHEL:EXL1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Exel Composites Oyj (OHEL:EXL1V) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

8TY:Germany

Address

Makituvantie 5, Vantaa, FIN, FI-01510

Website

http://www.exelcomposites.com

Exel Composites Oyj is a technology company engaged in designing, manufacturing, and marketing composite profiles and tubes for industrial applications. The products offered by the group include tubes, laminates, windows and doors, and others. The firm serves sector such as transportation, building, construction and infrastructure, energy industry, telecommunication, paper and electrical industries, cleaning and maintenance. The Group is engaged in Exel Composites. Geographically, the activities function through Finland.

Exel Composites Oyj (OHEL:EXL1V) Headlines

No Headlines