Akzo Nobel NV (Akzo Nobel NV) Inventory Turnover

: 0.90 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

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. Akzo Nobel NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,641 Mil. Akzo Nobel NV's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,815 Mil. Akzo Nobel NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akzo Nobel NV's Days Inventory for the three months ended in Dec. 2023 was 100.93.

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. Akzo Nobel NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Akzo Nobel NV Inventory Turnover Historical Data

The historical data trend for Akzo Nobel NV'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.

* Premium members only.

Akzo Nobel NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.61

4.32

3.92

3.84

3.74

Akzo Nobel NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.89	0.91	0.91	0.92	0.90

Akzo Nobel NV Inventory Turnover Calculation

Akzo Nobel NV'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 )
=	7016.358	/ (	(1952.331	+	1798.255)	/	2 )
=	7016.358	/	1875.293
=	3.74

Akzo Nobel NV'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 )
=	1641.221	/ (	(1832.444	+	1798.255)	/	2 )
=	1641.221	/	1815.3495
=	0.90

Akzo Nobel NV (OTCPK:AKZOY) 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.

Akzo Nobel NV'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
	=	1815.3495	/	1641.221	*	365 / 4
	=	100.93

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.

Akzo Nobel NV'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 )
	=	1815.3495	/	2757.906
	=	0.66

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.

Akzo Nobel NV Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Akzo Nobel NV's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Akzo Nobel NV (Akzo Nobel NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Akzo Nobel NV (OTCPK:AKZOY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AKZOF:USA AKZA:Netherlands AKZAa:UK 0LND:UK AKU1:Germany AKZO:Austria

Address

Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW

Website

https://www.akzonobel.com

Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.