AVAX (ATH:AVAX) Inventory Turnover : 7.35 (As of Jun. 2023)

View and export this data going back to 1994. Start your Free Trial

What is AVAX 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. AVAX's Cost of Goods Sold for the six months ended in Jun. 2023 was €182.4 Mil. AVAX's Average Total Inventories for the quarter that ended in Jun. 2023 was €24.8 Mil. AVAX's Inventory Turnover for the quarter that ended in Jun. 2023 was 7.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVAX's Days Inventory for the six months ended in Jun. 2023 was 24.83.

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. AVAX's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.13.

AVAX Inventory Turnover Historical Data

The historical data trend for AVAX'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.

AVAX Inventory Turnover Chart

AVAX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

15.35

23.19

13.96

17.17

16.22

AVAX Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial											5.39	8.86	7.89	8.07	7.35

AVAX Inventory Turnover Calculation

AVAX'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 )
=	381.837	/ (	(25.752	+	21.32)	/	2 )
=	381.837	/	23.536
=	16.22

AVAX's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	182.419	/ (	(21.32	+	28.315)	/	2 )
=	182.419	/	24.8175
=	7.35

AVAX (ATH:AVAX) 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.

AVAX's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	24.8175	/	182.419	*	365 / 2
	=	24.83

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.

AVAX's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	24.8175	/	192.243
	=	0.13

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.

AVAX Inventory Turnover Related Terms

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

AVAX (ATH:AVAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVAX SA (ATH:AVAX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IJ6:Germany

Address

16 Amaroussiou, Halandriou Street, Marousi, GRC, 15125

Website

https://www.avax.gr

AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; the exhaust gas desulphurisation system in Northern Greece; The Other Activities segment covers estate development and other activities.

AVAX (ATH:AVAX) Headlines

No Headlines