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Orbia AdvanceB de CV (Orbia AdvanceB de CV) Inventory Turnover : 1.22 (As of Sep. 2023)


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What is Orbia AdvanceB de CV 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. Orbia AdvanceB de CV's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,479 Mil. Orbia AdvanceB de CV's Average Total Inventories for the quarter that ended in Sep. 2023 was $1,216 Mil. Orbia AdvanceB de CV's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orbia AdvanceB de CV's Days Inventory for the three months ended in Sep. 2023 was 74.99.

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. Orbia AdvanceB de CV's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.62.

Orbia AdvanceB de CV Inventory Turnover Historical Data

The historical data trend for Orbia AdvanceB de CV'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.

* Premium members only.

Orbia AdvanceB de CV Inventory Turnover Chart

Orbia AdvanceB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.75 6.02 5.49 5.72 5.42

Orbia AdvanceB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.16 1.25 1.22 1.22

Orbia AdvanceB de CV Inventory Turnover Calculation

Orbia AdvanceB de CV's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=7079 / ((1292 + 1320) / 2 )
=7079 / 1306
=5.42

Orbia AdvanceB de CV's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=1479 / ((1238 + 1193) / 2 )
=1479 / 1215.5
=1.22

* 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.

Orbia AdvanceB de CV  (OTCPK:MXCHY) 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.

Orbia AdvanceB de CV's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1215.5/1479*365 / 4
=74.99

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.

Orbia AdvanceB de CV's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1215.5 / 1976
=0.62

* 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.

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.

Orbia AdvanceB de CV Inventory Turnover Related Terms

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Orbia AdvanceB de CV (Orbia AdvanceB de CV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orbia Advance Corp SAB de CV (OTCPK:MXCHY) » Definitions » Inventory Turnover
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CYDSASAA SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183 SZSE:002460 TPE:1326 TSE:4091 XBRU:SOLB SHSE:600426 SHSE:603260 TSE:3407 SAU:2310 ISX:BRPT
Traded in Other Exchanges
MXCHF:USA ORBIA:Mexico 4FZ:Germany
Address
Avenida Paseo de la Reforma 483, Piso 47, Colonia Cuauhtemoc, Alcaldía Cuauhtemoc, Ciudad de México, MEX, MEX, 06500
Website
https://www.mexichem.com
Orbia Advance Corp SAB de CV manufactures and sells a variety of chemical-based products and energy. The firm's operating segments are included in five business groups: i) Building and Infrastructure (under the Wavin brand), ii) Connectivity Solutions (under the Dura-Line brand), iii) Precision Agriculture (under the Netafim brand), iv) Fluorinated Solutions (under the Koura brand), and v) Polymer Solutions (under the Vestolit and Alphagary brands). The majority of revenue comes from the USA and Europe.