Vilkyskiu pienine AB (OVSE:VLP1L) Inventory Turnover : 2.81 (As of Dec. 2023)

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What is Vilkyskiu pienine AB 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. Vilkyskiu pienine AB's Cost of Goods Sold for the three months ended in Dec. 2023 was €47.2 Mil. Vilkyskiu pienine AB's Average Total Inventories for the quarter that ended in Dec. 2023 was €16.8 Mil. Vilkyskiu pienine AB's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vilkyskiu pienine AB's Days Inventory for the three months ended in Dec. 2023 was 32.52.

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. Vilkyskiu pienine AB's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Vilkyskiu pienine AB Inventory Turnover Historical Data

The historical data trend for Vilkyskiu pienine AB'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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Vilkyskiu pienine AB Inventory Turnover Chart

Vilkyskiu pienine AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.20

9.65

9.49

9.75

8.48

Vilkyskiu pienine AB 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															2.31	2.46	3.05	2.78	2.81

Vilkyskiu pienine AB Inventory Turnover Calculation

Vilkyskiu pienine AB'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 )
=	182.849	/ (	(25.493	+	17.627)	/	2 )
=	182.849	/	21.56
=	8.48

Vilkyskiu pienine AB'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 )
=	47.235	/ (	(16.042	+	17.627)	/	2 )
=	47.235	/	16.8345
=	2.81

Vilkyskiu pienine AB (OVSE:VLP1L) 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.

Vilkyskiu pienine AB'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
	=	16.8345	/	47.235	*	365 / 4
	=	32.52

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.

Vilkyskiu pienine AB'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 )
	=	16.8345	/	56.67
	=	0.30

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.

Vilkyskiu pienine AB Inventory Turnover Related Terms

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Vilkyskiu pienine AB (OVSE:VLP1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vilkyskiu pienine AB (OVSE:VLP1L) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

UDW:Germany

Address

P. Lukosaicio street 14, Pagegiu savivaldybe, Vilkyskiai, LTU, 99254

Website

https://www.vilkyskiu.lt

Vilkyskiu pienine AB, through its subsidiaries, is engaged in milk processing and production of dairy products. It specializes in the production of cheese mozzarella, blue cheese, other cheese products and other fresh dairy products such as butter, yogurts, curd, sour cream and milk. The company's operating segments are Cheese, cheese products and other, Dry milk products and Fresh milk products. Most of the firm's revenue gets generated through Cheese, cheese products and other segment.

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