Asseco Business Solutions (WAR:ABS) Inventory Turnover : 167.50 (As of Mar. 2024)

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What is Asseco Business Solutions 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. Asseco Business Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was zł60.0 Mil. Asseco Business Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was zł0.4 Mil. Asseco Business Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 167.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asseco Business Solutions's Days Inventory for the three months ended in Mar. 2024 was 0.54.

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. Asseco Business Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Asseco Business Solutions Inventory Turnover Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Inventory Turnover Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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275.12

271.05

415.93

474.06

645.12

Asseco Business Solutions 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															109.95	119.01	139.67	164.47	167.50

Asseco Business Solutions Inventory Turnover Calculation

Asseco Business Solutions'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 )
=	225.47	/ (	(0.43	+	0.269)	/	2 )
=	225.47	/	0.3495
=	645.12

Asseco Business Solutions'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 )
=	60.048	/ (	(0.269	+	0.448)	/	2 )
=	60.048	/	0.3585
=	167.50

Asseco Business Solutions (WAR:ABS) 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.

Asseco Business Solutions'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
	=	0.3585	/	60.048	*	365 / 4
	=	0.54

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.

Asseco Business Solutions'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 )
	=	0.3585	/	99.819
	=	0.00

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.

Asseco Business Solutions Inventory Turnover Related Terms

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Asseco Business Solutions (WAR:ABS) Business Description

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9QQ:Germany

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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