Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Inventory Turnover : 1.77 (As of Mar. 2024)

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What is Grupa Azoty Zaklady Azotowe Pulawy 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. Grupa Azoty Zaklady Azotowe Pulawy's Cost of Goods Sold for the three months ended in Mar. 2024 was zł921 Mil. Grupa Azoty Zaklady Azotowe Pulawy's Average Total Inventories for the quarter that ended in Mar. 2024 was zł521 Mil. Grupa Azoty Zaklady Azotowe Pulawy's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupa Azoty Zaklady Azotowe Pulawy's Days Inventory for the three months ended in Mar. 2024 was 51.59.

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. Grupa Azoty Zaklady Azotowe Pulawy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Grupa Azoty Zaklady Azotowe Pulawy Inventory Turnover Historical Data

The historical data trend for Grupa Azoty Zaklady Azotowe Pulawy'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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Grupa Azoty Zaklady Azotowe Pulawy Inventory Turnover Chart

Grupa Azoty Zaklady Azotowe Pulawy Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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7.73

6.44

5.97

9.88

11.11

Grupa Azoty Zaklady Azotowe Pulawy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.27	1.61	1.55	1.72	1.77

Grupa Azoty Zaklady Azotowe Pulawy Inventory Turnover Calculation

Grupa Azoty Zaklady Azotowe Pulawy's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	7512.897	/ (	(525.513	+	827.087)	/	2 )
=	7512.897	/	676.3
=	11.11

Grupa Azoty Zaklady Azotowe Pulawy'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	921.089	/ (	(509.694	+	531.739)	/	2 )
=	921.089	/	520.7165
=	1.77

Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) 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.

Grupa Azoty Zaklady Azotowe Pulawy'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
	=	520.7165	/	921.089	*	365 / 4
	=	51.59

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.

Grupa Azoty Zaklady Azotowe Pulawy'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 )
	=	520.7165	/	902.237
	=	0.58

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.

Grupa Azoty Zaklady Azotowe Pulawy Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Grupa Azoty Zaklady Azotowe Pulawy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Grupa Azoty Zaklady Azotowe Pulawy (WAR:ZAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grupa Azoty Zaklady Azotowe Pulawy SA (WAR:ZAP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1V5:Germany

Address

Al. Tysiaclecia Panstwa Polskiego 13, Pulawy, POL, 24-110

Website

https://pulawy.grupaazoty.com

Grupa Azoty Zaklady Azotowe Pulawy SA is a manufacturer and supplier of mineral fertilizers, basic chemicals and also involved in the procurement of raw materials and consumables. The company's segment includes Agro; Plastics; Energy and Other Activities. It generates maximum revenue from the Agro segment. The Agro Segment comprises the manufacturing of ammonia and products derived from the processing of ammonia, in particular urea and its solutions, including urea-ammonium nitrate solution, melamine, nitric acid, ammonium nitrate, technical gases, hydrogen peroxide, as well as phosphorus, potassium and blended fertilizers.

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