Veolia Environnement (Veolia Environnement) Inventory Turnover : 12.07 (As of Dec. 2023)

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What is Veolia Environnement 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. Veolia Environnement's Cost of Goods Sold for the six months ended in Dec. 2023 was $20,456 Mil. Veolia Environnement's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,695 Mil. Veolia Environnement's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Veolia Environnement's Days Inventory for the six months ended in Dec. 2023 was 15.13.

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. Veolia Environnement's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Veolia Environnement Inventory Turnover Historical Data

The historical data trend for Veolia Environnement'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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Veolia Environnement Inventory Turnover Chart

Veolia Environnement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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28.02

29.09

28.54

30.33

25.29

Veolia Environnement 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															15.17	14.50	12.98	12.63	12.07

Veolia Environnement Inventory Turnover Calculation

Veolia Environnement'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 )
=	41278.081	/ (	(1574.153	+	1690.294)	/	2 )
=	41278.081	/	1632.2235
=	25.29

Veolia Environnement'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 )
=	20456.053	/ (	(1700.542	+	1690.294)	/	2 )
=	20456.053	/	1695.418
=	12.07

Veolia Environnement (OTCPK:VEOEY) 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.

Veolia Environnement'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
	=	1695.418	/	20456.053	*	365 / 2
	=	15.13

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.

Veolia Environnement'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 )
	=	1695.418	/	24642.094
	=	0.07

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.

Veolia Environnement Inventory Turnover Related Terms

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Veolia Environnement (Veolia Environnement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Veolia Environnement SA (OTCPK:VEOEY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VEOEF:USA VIEp:UK 0NY8:UK VIE:France VVD:Germany VIE:Austria

Address

30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300

Website

http://www.veolia.com

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with a significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and of its transport activity. The integration of most activities of the historical rival Suez in 2022 drove a turnover increase of nearly 40%.