Else Nutrition Holdings (FRA:0YL) Inventory Turnover : 0.31 (As of Dec. 2023)

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What is Else Nutrition Holdings 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. Else Nutrition Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was €1.68 Mil. Else Nutrition Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €5.46 Mil. Else Nutrition Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Else Nutrition Holdings's Days Inventory for the three months ended in Dec. 2023 was 296.98.

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. Else Nutrition Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.38.

Else Nutrition Holdings Inventory Turnover Historical Data

The historical data trend for Else Nutrition Holdings'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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Else Nutrition Holdings Inventory Turnover Chart

Else Nutrition Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.93

0.76

1.16

1.38

1.42

Else Nutrition Holdings 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															0.44	0.38	0.30	0.22	0.31

Else Nutrition Holdings Inventory Turnover Calculation

Else Nutrition Holdings'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 )
=	6.456	/ (	(4.107	+	4.961)	/	2 )
=	6.456	/	4.534
=	1.42

Else Nutrition Holdings'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 )
=	1.677	/ (	(5.955	+	4.961)	/	2 )
=	1.677	/	5.458
=	0.31

Else Nutrition Holdings (FRA:0YL) 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.

Else Nutrition Holdings'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
	=	5.458	/	1.677	*	365 / 4
	=	296.98

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.

Else Nutrition Holdings'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 )
	=	5.458	/	1.614
	=	3.38

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.

Else Nutrition Holdings Inventory Turnover Related Terms

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Else Nutrition Holdings (FRA:0YL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Else Nutrition Holdings Inc (FRA:0YL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BABYF:USA BABY:Canada

Address

6 Hanechoshet Street, Tel Aviv, ISR, 69710470

Website

https://www.elsenutrition.com

Else Nutrition Holdings Inc is an Israel-based food and nutrition company focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula.

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