AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) Inventory Turnover : 2.53 (As of Dec. 2023)

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What is AT&S Austria Technologie & Systemtechnik AG 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. AT&S Austria Technologie & Systemtechnik AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €365 Mil. AT&S Austria Technologie & Systemtechnik AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €144 Mil. AT&S Austria Technologie & Systemtechnik AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AT&S Austria Technologie & Systemtechnik AG's Days Inventory for the three months ended in Dec. 2023 was 36.12.

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. AT&S Austria Technologie & Systemtechnik AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

AT&S Austria Technologie & Systemtechnik AG Inventory Turnover Historical Data

The historical data trend for AT&S Austria Technologie & Systemtechnik AG'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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AT&S Austria Technologie & Systemtechnik AG Inventory Turnover Chart

AT&S Austria Technologie & Systemtechnik AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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7.81

9.31

7.83

7.73

8.96

AT&S Austria Technologie & Systemtechnik AG 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															1.55	1.94	2.16	2.26	2.53

AT&S Austria Technologie & Systemtechnik AG Inventory Turnover Calculation

AT&S Austria Technologie & Systemtechnik AG's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1516.604	/ (	(193.236	+	145.383)	/	2 )
=	1516.604	/	169.3095
=	8.96

AT&S Austria Technologie & Systemtechnik AG'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 )
=	364.54	/ (	(154.315	+	134.256)	/	2 )
=	364.54	/	144.2855
=	2.53

AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) 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.

AT&S Austria Technologie & Systemtechnik AG'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
	=	144.2855	/	364.54	*	365 / 4
	=	36.12

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.

AT&S Austria Technologie & Systemtechnik AG'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 )
	=	144.2855	/	391.175
	=	0.37

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.

AT&S Austria Technologie & Systemtechnik AG Inventory Turnover Related Terms

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AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ATSv:UK 0O5C:UK AUS:Germany ATS:Czech Republic

Address

Fabriksgasse 13, Leoben-Hinterberg, AUT, 8700

Website

https://www.ats.net

AT&S Austria Technologie & Systemtechnik AG manufactures printed circuit boards and operates through three segments: Mobile Devices and Substrates; Automotive, Industrial and Medical; and Others. The products are manufactured in the European and Asian markets and are directly distributed to original equipment manufacturers as well as contract electronic manufacturers. It has a wide geographical reach with production facilities in Austria (Leoben and Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan, near Seoul). Majority of its revenues are derived from the Mobile Devices and Substrates segment, which is responsible for the production of printed circuit boards.

Executives