Joao Fortes Engenharia (BSP:JFEN3) Inventory Turnover

: 0.03 (As of Dec. 2023)

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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. Joao Fortes Engenharia's Cost of Goods Sold for the three months ended in Dec. 2023 was R$25.09 Mil. Joao Fortes Engenharia's Average Total Inventories for the quarter that ended in Dec. 2023 was R$726.93 Mil. Joao Fortes Engenharia's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Joao Fortes Engenharia's Days Inventory for the three months ended in Dec. 2023 was 2,643.98.

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. Joao Fortes Engenharia's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 108.34.

Joao Fortes Engenharia Inventory Turnover Historical Data

The historical data trend for Joao Fortes Engenharia'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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Joao Fortes Engenharia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.26

0.04

0.08

0.02

0.13

Joao Fortes Engenharia 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															0.01	0.05	0.03	0.03	0.03

Joao Fortes Engenharia Inventory Turnover Calculation

Joao Fortes Engenharia'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 )
=	99.668	/ (	(792.994	+	731.144)	/	2 )
=	99.668	/	762.069
=	0.13

Joao Fortes Engenharia'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 )
=	25.088	/ (	(722.714	+	731.144)	/	2 )
=	25.088	/	726.929
=	0.03

Joao Fortes Engenharia (BSP:JFEN3) 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.

Joao Fortes Engenharia'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
	=	726.929	/	25.088	*	365 / 4
	=	2,643.98

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.

Joao Fortes Engenharia'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 )
	=	726.929	/	6.71
	=	108.34

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.

Joao Fortes Engenharia Inventory Turnover Related Terms

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Joao Fortes Engenharia (BSP:JFEN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Joao Fortes Engenharia SA (BSP:JFEN3) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Av Das Americas, 500, Bl. 19, Salas 105 a 108, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22640100

Website

http://www.joaofortes.com.br

Joao Fortes Engenharia SA is engaged in the development, marketing and management of residential, commercial and industrial building, such as residential houses, commercial and business centers, corporate headquarters, hotels and special projects.

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