Orange (Orange) Inventory Turnover : 8.93 (As of Dec. 2023)

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What is Orange 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. Orange's Cost of Goods Sold for the six months ended in Dec. 2023 was $10,878 Mil. Orange's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,219 Mil. Orange's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orange's Days Inventory for the six months ended in Dec. 2023 was 20.44.

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. Orange's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Orange Inventory Turnover Historical Data

The historical data trend for Orange'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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Orange Inventory Turnover Chart

Orange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.86

21.55

19.66

18.16

17.81

Orange Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.23	9.00	9.49	8.84	8.93

Orange Inventory Turnover Calculation

Orange'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 )
=	21070.883	/ (	(1110.169	+	1256.27)	/	2 )
=	21070.883	/	1183.2195
=	17.81

Orange'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 )
=	10877.863	/ (	(1180.932	+	1256.27)	/	2 )
=	10877.863	/	1218.601
=	8.93

Orange (NYSE:ORAN) 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.

Orange'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
	=	1218.601	/	10877.863	*	365 / 2
	=	20.44

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.

Orange'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 )
	=	1218.601	/	24620.502
	=	0.05

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.

Orange Inventory Turnover Related Terms

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Orange (Orange) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Orange SA (NYSE:ORAN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FNCTF:USA ORA:Italy ORAp:UK 0A2Q:UK 0OQV:UK ORA:France FTE:Germany FTE1:Germany FTE:Germany FTE1:Germany FTE:Germany ORA:Austria

Address

111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://www.orange.com

Orange is the incumbent telecom operator in France. The company operates fixed and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR. Orange also has fixed and wireless (convergent) operations in Spain, Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, Moldova). Around 15% of revenue comes from emerging African markets, where the company only operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.