Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Inventory Turnover : 0.64 (As of Sep. 2023)

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What is Duro Dakovic Grupa Dionicko Drustvo 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. Duro Dakovic Grupa Dionicko Drustvo's Cost of Goods Sold for the three months ended in Sep. 2023 was €16.70 Mil. Duro Dakovic Grupa Dionicko Drustvo's Average Total Inventories for the quarter that ended in Sep. 2023 was €26.27 Mil. Duro Dakovic Grupa Dionicko Drustvo's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Duro Dakovic Grupa Dionicko Drustvo's Days Inventory for the three months ended in Sep. 2023 was 143.51.

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. Duro Dakovic Grupa Dionicko Drustvo's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.16.

Duro Dakovic Grupa Dionicko Drustvo Inventory Turnover Historical Data

The historical data trend for Duro Dakovic Grupa Dionicko Drustvo'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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Duro Dakovic Grupa Dionicko Drustvo Inventory Turnover Chart

Duro Dakovic Grupa Dionicko Drustvo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.52

1.73

2.51

1.65

3.54

Duro Dakovic Grupa Dionicko Drustvo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	1.17	1.01	0.90	0.64

Duro Dakovic Grupa Dionicko Drustvo Inventory Turnover Calculation

Duro Dakovic Grupa Dionicko Drustvo'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 )
=	55.978	/ (	(15.35	+	16.296)	/	2 )
=	55.978	/	15.823
=	3.54

Duro Dakovic Grupa Dionicko Drustvo's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	16.704	/ (	(22.523	+	30.017)	/	2 )
=	16.704	/	26.27
=	0.64

Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) 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.

Duro Dakovic Grupa Dionicko Drustvo's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	26.27	/	16.704	*	365 / 4
	=	143.51

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.

Duro Dakovic Grupa Dionicko Drustvo's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	26.27	/	22.578
	=	1.16

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.

Duro Dakovic Grupa Dionicko Drustvo Inventory Turnover Related Terms

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Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) » Definitions » Inventory Turnover

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Address

Dr. Mile Budaka 1, Slavonski Brod, HRV, 35000

Website

https://www.duro-dakovic.com

Duro Dakovic Grupa Dionicko Drustvo is a Croatia based company engaged in multiple businesses. Its operates in Defence, Transport and Industry and Energetics sectors. The company offers battle tanks and combat vehicles, freight wagons, pressure equipment, large components, steel structures and valves for the oil industry among other products.

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