Chemical Works of Gedeon Richter (Chemical Works of Gedeon Richter) Inventory Turnover

: 1.28 (As of Dec. 2023)

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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. Chemical Works of Gedeon Richter's Cost of Goods Sold for the three months ended in Dec. 2023 was $621 Mil. Chemical Works of Gedeon Richter's Average Total Inventories for the quarter that ended in Dec. 2023 was $484 Mil. Chemical Works of Gedeon Richter's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chemical Works of Gedeon Richter's Days Inventory for the three months ended in Dec. 2023 was 71.14.

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. Chemical Works of Gedeon Richter's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Chemical Works of Gedeon Richter Inventory Turnover Historical Data

The historical data trend for Chemical Works of Gedeon Richter'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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Chemical Works of Gedeon Richter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.40

2.37

2.33

2.40

1.71

Chemical Works of Gedeon Richter Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.58	0.52	0.45	1.21	1.28

Chemical Works of Gedeon Richter Inventory Turnover Calculation

Chemical Works of Gedeon Richter'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 )
=	765.361	/ (	(413.469	+	479.35)	/	2 )
=	765.361	/	446.4095
=	1.71

Chemical Works of Gedeon Richter'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 )
=	621.03	/ (	(488.99	+	479.35)	/	2 )
=	621.03	/	484.17
=	1.28

Chemical Works of Gedeon Richter (OTCPK:RGEDF) 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.

Chemical Works of Gedeon Richter'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
	=	484.17	/	621.03	*	365 / 4
	=	71.14

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.

Chemical Works of Gedeon Richter'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 )
	=	484.17	/	1662.704
	=	0.29

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.

Chemical Works of Gedeon Richter Inventory Turnover Related Terms

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Chemical Works of Gedeon Richter (Chemical Works of Gedeon Richter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chemical Works of Gedeon Richter PLC (OTCPK:RGEDF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GEDSF:USA RICHTER:Hungary 0QFP:UK RIG2:Germany

Address

Gyomroi ut 19-21, Budapest, HUN, 1103

Website

https://www.richter.hu

Chemical Works of Gedeon Richter PLC is a pharmaceutical company. The company focuses on the development and manufacture of gynaecological, cardiovascular and central nervous system products. It manufactures medicines including original, generic and licenced products for treatment in the therapeutic area. The group is active in two business segments namely, the Pharmaceuticals segment comprising the research and development, manufacturing, sales and marketing of pharmaceutical products, and Wholesale and Retail segment for the products of the company. The company operates internationally and the majority of its revenue is generated from the Pharmaceuticals segment.

Chemical Works of Gedeon Richter (Chemical Works of Gedeon Richter) Headlines

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