Inrom Construction Industries (XTAE:INRM) Inventory Turnover : 0.83 (As of Dec. 2023)

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What is Inrom Construction Industries 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. Inrom Construction Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪117 Mil. Inrom Construction Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪141 Mil. Inrom Construction Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inrom Construction Industries's Days Inventory for the three months ended in Dec. 2023 was 110.37.

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. Inrom Construction Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.88.

Inrom Construction Industries Inventory Turnover Historical Data

The historical data trend for Inrom Construction Industries'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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Inrom Construction Industries Inventory Turnover Chart

Inrom Construction Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.65

5.64

5.97

5.25

4.83

Inrom Construction Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.10	1.23	1.27	1.51	0.83

Inrom Construction Industries Inventory Turnover Calculation

Inrom Construction Industries'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 )
=	743.455	/ (	(170.447	+	137.171)	/	2 )
=	743.455	/	153.809
=	4.83

Inrom Construction Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	116.974	/ (	(145.791	+	137.171)	/	2 )
=	116.974	/	141.481
=	0.83

Inrom Construction Industries (XTAE:INRM) 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.

Inrom Construction Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	141.481	/	116.974	*	365 / 4
	=	110.37

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.

Inrom Construction Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	141.481	/	159.888
	=	0.88

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.

Inrom Construction Industries Inventory Turnover Related Terms

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Inrom Construction Industries (XTAE:INRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Inrom Construction Industries Ltd (XTAE:INRM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Golan Street, Beit Golan, Airport City, ISR

Website

http://www.inrom.co.il

Inrom Construction Industries Ltd is an Israel-based company engaged in the construction sector. The company offers varieties of products and solutions for the construction and renovation industries, for industrial and other uses. It operates through three businesses. The construction solutions business operates, manufactures and markets flooring solutions, environment and landscape and others. Its construction finishing product business offers mortar products for flooring, plaster and special salts and other complementary products including sealants, coatings, and bonding materials. The color products business provides paint products for interior and exterior, decorative colors for special designs, various coatings and more.

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