Chervon Holdings (FRA:AZ9) Inventory Turnover : 0.88 (As of Dec. 2023)

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What is Chervon 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. Chervon Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €446 Mil. Chervon Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €504 Mil. Chervon Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chervon Holdings's Days Inventory for the six months ended in Dec. 2023 was 206.23.

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. Chervon Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Chervon Holdings Inventory Turnover Historical Data

The historical data trend for Chervon 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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Chervon Holdings Inventory Turnover Chart

Chervon Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.32

2.71

2.94

2.40

1.72

Chervon Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					1.36	1.23	1.11	0.85	0.88

Chervon Holdings Inventory Turnover Calculation

Chervon 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 )
=	905.887	/ (	(566.399	+	486.882)	/	2 )
=	905.887	/	526.6405
=	1.72

Chervon 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	446.242	/ (	(521.659	+	486.882)	/	2 )
=	446.242	/	504.2705
=	0.88

Chervon Holdings (FRA:AZ9) 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.

Chervon Holdings's Days Inventory for the six 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
	=	504.2705	/	446.242	*	365 / 2
	=	206.23

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.

Chervon 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 )
	=	504.2705	/	583.367
	=	0.86

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.

Chervon Holdings Inventory Turnover Related Terms

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Chervon Holdings (FRA:AZ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chervon Holdings Ltd (FRA:AZ9) » Definitions » Inventory Turnover

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CHRHF:USA 02285:Hong Kong

Address

No. 99, Tianyuan West Road, Jiangning Economic and Technological, Development Zone, Nanjing, CHN

Website

https://global.chervongroup.com

Chervon Holdings Ltd is an investment holding company. The company and its subsidiaries are engaged in researching, developing, manufacturing, testing, sales, and after-sale services for power tools, outdoor power equipment and related products. The Company earned majority of its revenue from Sales of outdoor power equipment.

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