Raisio Oyj (OHEL:RAIVV) Inventory Turnover : 1.15 (As of Mar. 2024)

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What is Raisio 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. Raisio Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €40.0 Mil. Raisio Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was €34.9 Mil. Raisio Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Raisio Oyj's Days Inventory for the three months ended in Mar. 2024 was 79.50.

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. Raisio Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

Raisio Oyj Inventory Turnover Historical Data

The historical data trend for Raisio 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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Raisio Oyj Inventory Turnover Chart

Raisio Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.66

4.53

3.83

4.15

4.13

Raisio 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															0.94	0.88	0.99	1.07	1.15

Raisio Oyj Inventory Turnover Calculation

Raisio 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 )
=	159.2	/ (	(42.8	+	34.3)	/	2 )
=	159.2	/	38.55
=	4.13

Raisio 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 )
=	40	/ (	(34.3	+	35.4)	/	2 )
=	40	/	34.85
=	1.15

Raisio Oyj (OHEL:RAIVV) 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.

Raisio 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
	=	34.85	/	40	*	365 / 4
	=	79.50

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.

Raisio 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 )
	=	34.85	/	55.5
	=	0.63

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.

Raisio Oyj Inventory Turnover Related Terms

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Raisio Oyj (OHEL:RAIVV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raisio Oyj (OHEL:RAIVV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RAIKV:Finland RATV:Germany

Address

Raisionkaari 55, P.O. Box 101, Raisio, FIN, 21201

Website

https://www.raisio.com

Raisio Oyj is engaged in the food processing industry with a focus on healthy. The company's international brand profile includes Benecol and Elovena. The operating segments of the company are healthy food, healthy ingredients, and other operations. The healthy food segment focuses on the company's consumer product businesses and has its operations in Northern Europe, Eastern and Central Europe, and Western Europe. The healthy ingredient segment includes the sale of fish feeds, Benecol product ingredients, and the sale of grain-based foods and their ingredients to industrial and catering companies. Majority of net sales come from Finland, and the healthy food segment contributes the highest net sales.

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