Relais Group (OHEL:RELAIS) Inventory Turnover : 0.62 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Relais Group 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. Relais Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €44.6 Mil. Relais Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €72.2 Mil. Relais Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Relais Group's Days Inventory for the three months ended in Mar. 2024 was 147.74.

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. Relais Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.87.

Relais Group Inventory Turnover Historical Data

The historical data trend for Relais Group'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.

Relais Group Inventory Turnover Chart

Relais Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.91

2.00

2.39

2.05

2.26

Relais Group Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.52	0.53	0.63	0.62

Relais Group Inventory Turnover Calculation

Relais Group'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 )
=	155.328	/ (	(66.512	+	71.202)	/	2 )
=	155.328	/	68.857
=	2.26

Relais Group'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 )
=	44.564	/ (	(71.202	+	73.1)	/	2 )
=	44.564	/	72.151
=	0.62

Relais Group (OHEL:RELAIS) 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.

Relais Group'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
	=	72.151	/	44.564	*	365 / 4
	=	147.74

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.

Relais Group'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 )
	=	72.151	/	82.756
	=	0.87

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.

Relais Group Inventory Turnover Related Terms

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

Relais Group (OHEL:RELAIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Relais Group PLC (OHEL:RELAIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mannerheimintie 105, Helsinki, FIN, 00280

Website

https://www.relais.fi

Relais Group PLC is engaged in the development of automotive electrical equipment and spare parts. The company operates through various brands comprising of Startax, Awimex, ABR, and Huzells. The company has two reportable segments involve Finland&Baltics and Scandinavia. The Finland&Baltics segment sells car spare parts, equipment and commercial vehicle repair and maintanance services through companies operating in Finland, Estonia and Latvia. The Scandinavia segment also sells car spare parts, equipment and commercial vehicle repair and maintanance services through its companies in Sweden, Norway and Denmark. Majority of revenue is derived from Scandinavia.

Relais Group (OHEL:RELAIS) Headlines

No Headlines