GrafTech International (FRA:UCR) Inventory Turnover : 0.43 (As of Dec. 2023)

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What is GrafTech International 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. GrafTech International's Cost of Goods Sold for the three months ended in Dec. 2023 was €143.8 Mil. GrafTech International's Average Total Inventories for the quarter that ended in Dec. 2023 was €335.9 Mil. GrafTech International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GrafTech International's Days Inventory for the three months ended in Dec. 2023 was 213.14.

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. GrafTech International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.67.

GrafTech International Inventory Turnover Historical Data

The historical data trend for GrafTech International'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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GrafTech International Inventory Turnover Chart

GrafTech International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.40

1.78

2.51

1.95

1.43

GrafTech International 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															0.35	0.24	0.35	0.39	0.43

GrafTech International Inventory Turnover Calculation

GrafTech International'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 )
=	535.792	/ (	(434.93	+	316.721)	/	2 )
=	535.792	/	375.8255
=	1.43

GrafTech International'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 )
=	143.808	/ (	(355.095	+	316.721)	/	2 )
=	143.808	/	335.908
=	0.43

GrafTech International (FRA:UCR) 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.

GrafTech International'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
	=	335.908	/	143.808	*	365 / 4
	=	213.14

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.

GrafTech International'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 )
	=	335.908	/	125.762
	=	2.67

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.

GrafTech International Inventory Turnover Related Terms

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GrafTech International (FRA:UCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GrafTech International Ltd (FRA:UCR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EAF:USA EAF:Mexico G6G:Germany

Address

982 Keynote Circle, Brooklyn Heights, Independence, OH, USA, 44131

Website

https://www.graftech.com

GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. The Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.

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