Krones AG (LTS:0LQ4) Change In Inventory : €-56 Mil (TTM As of Dec. 2023)

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What is Krones AG Change In Inventory?

Krones AG's change in inventory for the quarter that ended in Dec. 2023 was €318 Mil. It means Krones AG's inventory declined by €318 Mil from Sep. 2023 to Dec. 2023 .

Krones AG's change in inventory for the fiscal year that ended in Dec. 2023 was €-56 Mil. It means Krones AG's inventory increased by €56 Mil from Dec. 2022 to Dec. 2023 .

Krones AG's Total Inventories for the quarter that ended in Dec. 2023 was €641 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Krones AG's Days Inventory for the quarter that ended in Dec. 2023 was 91.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Krones AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

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. Krones AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Krones AG Change In Inventory Historical Data

The historical data trend for Krones AG's Change In Inventory 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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Krones AG Change In Inventory Chart

Krones AG Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-59.42

16.17

-72.35

-163.40

-55.86

Krones AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															78.10	-251.10	-130.70	7.80	318.14

Krones AG Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-56 Mil.

Krones AG (LTS:0LQ4) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Krones AG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	654.287	/	655.155	*	365 / 4
	=	91.13

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Krones AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	655.155	/	654.287
	=	1.00

3. 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.

Krones AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	654.287	/	1235.076
	=	0.53

Krones AG Change In Inventory Related Terms

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Krones AG (LTS:0LQ4) Business Description

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KRNTY:USA KRNd:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

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