Outokumpu Oyj (OHEL:OUT1V) Inventory Turnover : 0.88 (As of Mar. 2024)

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What is Outokumpu 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. Outokumpu Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,404 Mil. Outokumpu Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was €1,593 Mil. Outokumpu Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Outokumpu Oyj's Days Inventory for the three months ended in Mar. 2024 was 103.50.

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. Outokumpu Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.

Outokumpu Oyj Inventory Turnover Historical Data

The historical data trend for Outokumpu 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.

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Outokumpu Oyj Inventory Turnover Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.10

4.16

4.13

4.46

3.88

Outokumpu Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.00	0.93	0.84	0.90	0.88

Outokumpu Oyj Inventory Turnover Calculation

Outokumpu 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 )
=	6474	/ (	(1771	+	1564)	/	2 )
=	6474	/	1667.5
=	3.88

Outokumpu Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1404	/ (	(1564	+	1621)	/	2 )
=	1404	/	1592.5
=	0.88

Outokumpu Oyj (OHEL:OUT1V) 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.

Outokumpu Oyj's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1592.5	/	1404	*	365 / 4
	=	103.50

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.

Outokumpu Oyj's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1592.5	/	1479
	=	1.08

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.

Outokumpu Oyj Inventory Turnover Related Terms

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Outokumpu Oyj (OHEL:OUT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OHEL:OUT1V) » Definitions » Inventory Turnover

Traded in Other Exchanges

OUTKY:USA OUTFF:USA OUT1Vh:UK 0FJ8:UK OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas, Long Products and Ferrochrome. Europe consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are primarily used for example in architecture, building and construction, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Long Products are used in a wide range of applications such as springs, wires, and surgical equipment and Ferrochrome produces charge grade of ferrochrome.

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