Jenoptik AG (Jenoptik AG) Inventory Turnover : 0.70 (As of Dec. 2023)

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What is Jenoptik AG 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. Jenoptik AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $211 Mil. Jenoptik AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $302 Mil. Jenoptik AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jenoptik AG's Days Inventory for the three months ended in Dec. 2023 was 130.61.

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. Jenoptik AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.93.

Jenoptik AG Inventory Turnover Historical Data

The historical data trend for Jenoptik AG'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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Jenoptik AG Inventory Turnover Chart

Jenoptik AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.38

2.36

2.43

2.72

2.71

Jenoptik AG 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															0.70	0.58	0.60	0.58	0.70

Jenoptik AG Inventory Turnover Calculation

Jenoptik AG'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 )
=	758.481	/ (	(269.185	+	290.821)	/	2 )
=	758.481	/	280.003
=	2.71

Jenoptik AG'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 )
=	211.175	/ (	(313.713	+	290.821)	/	2 )
=	211.175	/	302.267
=	0.70

Jenoptik AG (OTCPK:JNPKF) 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.

Jenoptik AG'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
	=	302.267	/	211.175	*	365 / 4
	=	130.61

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.

Jenoptik AG'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 )
	=	302.267	/	324.246
	=	0.93

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.

Jenoptik AG Inventory Turnover Related Terms

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Jenoptik AG (Jenoptik AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jenoptik AG (OTCPK:JNPKF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1JEN:Italy 0ZPV:UK JEN:Germany JEN:Austria

Address

Carl-Zeiss-Strasse 1, Jena, DEU, 07743

Website

https://www.jenoptik.com

Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The firm has manufacturing facilities in Europe, the United States, and Asia, and generates revenue all over the world.