Advent Technologies Holdings (Advent Technologies Holdings) Inventory Turnover : 0.17 (As of Sep. 2023)

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What is Advent Technologies Holdings 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. Advent Technologies Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.46 Mil. Advent Technologies Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was $14.54 Mil. Advent Technologies Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advent Technologies Holdings's Days Inventory for the three months ended in Sep. 2023 was 540.16.

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. Advent Technologies Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 11.50.

Advent Technologies Holdings Inventory Turnover Historical Data

The historical data trend for Advent Technologies Holdings'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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Advent Technologies Holdings Inventory Turnover Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

4.76

1.53

0.88

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial										0.22	0.21	0.11	0.13	0.17

Advent Technologies Holdings Inventory Turnover Calculation

Advent Technologies Holdings'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 )
=	8.581	/ (	(6.958	+	12.62)	/	2 )
=	8.581	/	9.789
=	0.88

Advent Technologies Holdings'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 )
=	2.456	/ (	(15.164	+	13.913)	/	2 )
=	2.456	/	14.5385
=	0.17

Advent Technologies Holdings (NAS:ADN) 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.

Advent Technologies Holdings'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
	=	14.5385	/	2.456	*	365 / 4
	=	540.16

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.

Advent Technologies Holdings'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 )
	=	14.5385	/	1.264
	=	11.50

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.

Advent Technologies Holdings Inventory Turnover Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Executives

Vassilios Gregoriou	director, 10 percent owner, officer: Chairman and CEO	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Kevin L. Brackman	officer: Chief Financial Officer	1293 SOUTH MAIN STREET, AKRON OH 44301
James F. Coffey	officer: COO and General Counsel	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
De Castro Emory Sayre	director, officer: Chief Technology Officer	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Von Mcconnell	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Panoraia Gourdoupi	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Wayne Threatt	director	200 CLARENDON STREET, BOSTON MA 02116
Lawrence Epstein	director	1200 CLARENDON STREET, BOSTON MA 02116
Clark Lawrence M Jr	director	C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064
Anggelos Skutaris	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katherine E. Fleming	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katrina Fritz	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Christos Kaskavelis	officer: Chief Marketing Officer	SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237
John Hunter William	director, officer: President and CFO	930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116