SAF Holland SE (CHIX:SFQD) Inventory Turnover : 1.33 (As of Dec. 2023)

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What is SAF Holland SE 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. SAF Holland SE's Cost of Goods Sold for the three months ended in Dec. 2023 was €409 Mil. SAF Holland SE's Average Total Inventories for the quarter that ended in Dec. 2023 was €307 Mil. SAF Holland SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SAF Holland SE's Days Inventory for the three months ended in Dec. 2023 was 68.63.

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. SAF Holland SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.59.

SAF Holland SE Inventory Turnover Historical Data

The historical data trend for SAF Holland SE'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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SAF Holland SE Inventory Turnover Chart

SAF Holland SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.23

5.37

6.48

6.59

6.65

SAF Holland SE 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															1.48	1.54	1.46	1.44	1.33

SAF Holland SE Inventory Turnover Calculation

SAF Holland SE'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 )
=	1693.411	/ (	(202.249	+	306.692)	/	2 )
=	1693.411	/	254.4705
=	6.65

SAF Holland SE'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 )
=	408.823	/ (	(308.255	+	306.692)	/	2 )
=	408.823	/	307.4735
=	1.33

SAF Holland SE (CHIX:SFQd) 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.

SAF Holland SE'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
	=	307.4735	/	408.823	*	365 / 4
	=	68.63

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.

SAF Holland SE'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 )
	=	307.4735	/	517.187
	=	0.59

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.

SAF Holland SE Inventory Turnover Related Terms

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SAF Holland SE (CHIX:SFQD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAF Holland SE (CHIX:SFQd) » Definitions » Inventory Turnover

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0O4N:UK SFQ:Germany SFQ:Austria

Address

68-70, Boulevard de la Petrusse, Luxembourg, LUX, 2320

Website

https://www.safholland.com

SAF Holland SE is a manufacturer of chassis-related systems and components for trailers, trucks and buses. The product range comprises axle and suspension systems, fifth wheels, kingpins and landing gear and is marketed under the brands SAF, Holland, Neway, KLL, V.ORLANDI and York. It operates through EMEA, Americas and APAC segments.

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