MTU Aero Engines AG (MTU Aero Engines AG) Inventory Turnover : 1.74 (As of Dec. 2023)

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What is MTU Aero Engines 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. MTU Aero Engines AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,916 Mil. MTU Aero Engines AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,673 Mil. MTU Aero Engines AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MTU Aero Engines AG's Days Inventory for the six months ended in Dec. 2023 was 104.70.

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. MTU Aero Engines AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.68.

MTU Aero Engines AG Inventory Turnover Historical Data

The historical data trend for MTU Aero Engines 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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MTU Aero Engines AG Inventory Turnover Chart

MTU Aero Engines AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.27

2.88

2.67

3.09

3.49

MTU Aero Engines AG 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															1.43	1.50	1.65	1.75	1.74

MTU Aero Engines AG Inventory Turnover Calculation

MTU Aero Engines 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 )
=	5720.829	/ (	(1554.025	+	1723.01)	/	2 )
=	5720.829	/	1638.5175
=	3.49

MTU Aero Engines 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2916.03	/ (	(1622.969	+	1723.01)	/	2 )
=	2916.03	/	1672.9895
=	1.74

MTU Aero Engines AG (OTCPK:MTUAF) 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.

MTU Aero Engines AG'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
	=	1672.9895	/	2916.03	*	365 / 2
	=	104.70

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.

MTU Aero Engines 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 )
	=	1672.9895	/	2475.463
	=	0.68

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.

MTU Aero Engines AG Inventory Turnover Related Terms

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MTU Aero Engines AG (MTU Aero Engines AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » MTU Aero Engines AG (OTCPK:MTUAF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MTUAY:USA 1MTX:Italy MTXd:UK 0FC9:UK MTX1:Germany MTX1:Germany MTX:Germany MTX:Germany MTX:Germany MTX:Germany MTX:Austria

Address

Dachauer Strasse 665, Munich, BY, DEU, 80995

Website

https://www.mtu.de

MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. MTU is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.

MTU Aero Engines AG (MTU Aero Engines AG) Headlines

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