Symrise AG (WBO:SY1) Inventory Turnover : 1.16 (As of Dec. 2023)

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What is Symrise 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. Symrise AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,503 Mil. Symrise AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,292 Mil. Symrise AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Symrise AG's Days Inventory for the six months ended in Dec. 2023 was 156.85.

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. Symrise AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Symrise AG Inventory Turnover Historical Data

The historical data trend for Symrise 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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Symrise AG Inventory Turnover Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.36

2.43

2.53

2.52

2.35

Symrise AG 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															1.26	1.26	1.20	1.16	1.16

Symrise AG Inventory Turnover Calculation

Symrise AG'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 )
=	3037.616	/ (	(1327.559	+	1255.845)	/	2 )
=	3037.616	/	1291.702
=	2.35

Symrise 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1502.827	/ (	(1327.367	+	1255.845)	/	2 )
=	1502.827	/	1291.606
=	1.16

Symrise AG (WBO:SY1) 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.

Symrise AG'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
	=	1291.606	/	1502.827	*	365 / 2
	=	156.85

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.

Symrise 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 )
	=	1291.606	/	2316.473
	=	0.56

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.

Symrise AG Inventory Turnover Related Terms

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Symrise AG (WBO:SY1) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico SY1d:UK 0G6T:UK SY1:Germany

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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