Essilorluxottica (Essilorluxottica) Inventory Turnover

: 1.67 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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. Essilorluxottica's Cost of Goods Sold for the six months ended in Dec. 2023 was $5,145 Mil. Essilorluxottica's Average Total Inventories for the quarter that ended in Dec. 2023 was $3,079 Mil. Essilorluxottica's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Essilorluxottica's Days Inventory for the six months ended in Dec. 2023 was 109.22.

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. Essilorluxottica's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Essilorluxottica Inventory Turnover Historical Data

The historical data trend for Essilorluxottica'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.

Essilorluxottica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.09

3.19

3.36

3.30

3.42

Essilorluxottica 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															1.80	1.56	1.64	1.64	1.67

Essilorluxottica Inventory Turnover Calculation

Essilorluxottica'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 )
=	10193.021	/ (	(2954.449	+	2998.909)	/	2 )
=	10193.021	/	2976.679
=	3.42

Essilorluxottica'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 )
=	5145.038	/ (	(3159.263	+	2998.909)	/	2 )
=	5145.038	/	3079.086
=	1.67

Essilorluxottica (OTCPK:ESLOF) 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.

Essilorluxottica'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
	=	3079.086	/	5145.038	*	365 / 2
	=	109.22

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.

Essilorluxottica'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 )
	=	3079.086	/	13679.389
	=	0.23

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.

Essilorluxottica Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Essilorluxottica's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Essilorluxottica (Essilorluxottica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Essilorluxottica (OTCPK:ESLOF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ESLOY:USA EL:Italy ELp:UK 0OMK:UK EL:France ESL:Germany ESLC:Germany ESL:Germany ESL:Germany ESL:Germany EI:Austria

Address

147, Rue de Paris, Charenton-Le-Pont, Paris, FRA, 94220

Website

https://www.essilorluxottica.com

EssilorLuxottica is a combination of the leading manufacturer of premium frames and sunglasses and the leading manufacturer of optical lenses. Both companies are significantly larger than the next biggest player in their respective fields and command over 15% of the fragmented global eyewear market. The company has a broad geographical presence, with around 36% of sales in Europe, 47% in North America, and the rest in Asia and Latin America.

Essilorluxottica (Essilorluxottica) Headlines

From GuruFocus

Daniel Loeb Comments on EssilorLuxottica

By Sydnee Gatewood Sydnee Gatewood • 04-22-2020

As Myopia Rates Rise in the U.S., Essilor of America Launches Initiative to Help Combat Growing Vision Issue

By PRNewswire PRNewswire • 09-20-2018

Chris Davis Comments on Essilor International SA

By Vera Yuan Vera Yuan • 09-09-2014

Dan Loeb Buys David Herro Stock EssilorLuxottica

By Holly LaFon Holly LaFon • 08-26-2019

Daniel Loeb Comments on EssilorLuxottica

By Sydnee Gatewood Sydnee Gatewood • 10-24-2019

TOCQUEVILLE ASSET MANAGEMENT L.P. Cuts Portfolio Down to Size in 1st Quarter

By GuruFocus Research GuruFocus Editor • 05-19-2022