Sixt SE (XSWX:SIX2) Inventory Turnover : 0.04 (As of Mar. 2024)

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What is Sixt SE 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. Sixt SE's Cost of Goods Sold for the three months ended in Mar. 2024 was CHF184 Mil. Sixt SE's Average Total Inventories for the quarter that ended in Mar. 2024 was CHF4,575 Mil. Sixt SE's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sixt SE's Days Inventory for the three months ended in Mar. 2024 was 2,272.44.

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. Sixt SE's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.07.

Sixt SE Inventory Turnover Historical Data

The historical data trend for Sixt SE'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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Sixt SE Inventory Turnover Chart

Sixt SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.21

0.15

0.19

0.18

Sixt SE 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															0.04	0.05	0.05	0.04	0.04

Sixt SE Inventory Turnover Calculation

Sixt SE'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 )
=	732.464	/ (	(3832.421	+	4420.517)	/	2 )
=	732.464	/	4126.469
=	0.18

Sixt SE'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 )
=	183.708	/ (	(4420.517	+	4729.427)	/	2 )
=	183.708	/	4574.972
=	0.04

Sixt SE (XSWX:SIX2) 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.

Sixt SE'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
	=	4574.972	/	183.708	*	365 / 4
	=	2,272.44

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.

Sixt SE'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 )
	=	4574.972	/	753.571
	=	6.07

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.

Sixt SE Inventory Turnover Related Terms

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Sixt SE (XSWX:SIX2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (XSWX:SIX2) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SIXGF:USA 1SIX:Italy SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany

Address

Zugspitzstrasse 1, Pullach, BY, DEU, 82049

Website

https://www.sixt.com

Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

Sixt SE (XSWX:SIX2) Headlines

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