Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Inventory Turnover : 9.96 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Compania deneamento de Minas Gerais - COPASA MG 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. Compania deneamento de Minas Gerais - COPASA MG's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,143 Mil. Compania deneamento de Minas Gerais - COPASA MG's Average Total Inventories for the quarter that ended in Dec. 2023 was R$115 Mil. Compania deneamento de Minas Gerais - COPASA MG's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compania deneamento de Minas Gerais - COPASA MG's Days Inventory for the three months ended in Dec. 2023 was 9.16.

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. Compania deneamento de Minas Gerais - COPASA MG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Compania deneamento de Minas Gerais - COPASA MG Inventory Turnover Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Inventory Turnover Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

55.84

47.39

49.20

37.90

38.06

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.52	7.77	9.02	9.17	9.96

Compania deneamento de Minas Gerais - COPASA MG Inventory Turnover Calculation

Compania deneamento de Minas Gerais - COPASA MG'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 )
=	4342.43	/ (	(116.395	+	111.821)	/	2 )
=	4342.43	/	114.108
=	38.06

Compania deneamento de Minas Gerais - COPASA MG'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 )
=	1142.613	/ (	(117.681	+	111.821)	/	2 )
=	1142.613	/	114.751
=	9.96

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) 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.

Compania deneamento de Minas Gerais - COPASA MG'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
	=	114.751	/	1142.613	*	365 / 4
	=	9.16

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.

Compania deneamento de Minas Gerais - COPASA MG'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 )
	=	114.751	/	1995.369
	=	0.06

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.

Compania deneamento de Minas Gerais - COPASA MG Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (BSP:CSMG3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

No Headlines