Industrial Holding Bulgaria AD (XBUL:IHB) Inventory Turnover : 0.96 (As of Sep. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Industrial Holding Bulgaria AD 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. Industrial Holding Bulgaria AD's Cost of Goods Sold for the three months ended in Sep. 2023 was лв19.5 Mil. Industrial Holding Bulgaria AD's Average Total Inventories for the quarter that ended in Sep. 2023 was лв20.3 Mil. Industrial Holding Bulgaria AD's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Industrial Holding Bulgaria AD's Days Inventory for the three months ended in Sep. 2023 was 94.86.

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. Industrial Holding Bulgaria AD's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.74.

Industrial Holding Bulgaria AD Inventory Turnover Historical Data

The historical data trend for Industrial Holding Bulgaria AD'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.

* Premium members only.

Industrial Holding Bulgaria AD Inventory Turnover Chart

Industrial Holding Bulgaria AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

4.60

4.85

3.94

4.01

4.24

Industrial Holding Bulgaria AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.95	1.01	0.93	0.95	0.96

Industrial Holding Bulgaria AD Inventory Turnover Calculation

Industrial Holding Bulgaria AD's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	84.092	/ (	(17.96	+	21.736)	/	2 )
=	84.092	/	19.848
=	4.24

Industrial Holding Bulgaria AD's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	19.545	/ (	(20.648	+	19.989)	/	2 )
=	19.545	/	20.3185
=	0.96

Industrial Holding Bulgaria AD (XBUL:IHB) 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.

Industrial Holding Bulgaria AD's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	20.3185	/	19.545	*	365 / 4
	=	94.86

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.

Industrial Holding Bulgaria AD's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	20.3185	/	27.466
	=	0.74

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.

Industrial Holding Bulgaria AD Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Industrial Holding Bulgaria AD's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Industrial Holding Bulgaria AD (XBUL:IHB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Industrial Holding Bulgaria AD (XBUL:IHB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Damyan Gruev Street, Sofia, BGR, 1142

Website

https://www.bulgariaholding.com

Industrial Holding Bulgaria AD is engaged in acquisition, management, assessment and sale of shares in Bulgarian and foreign companies, acquisition, assessment and sale of patents, cession of licenses to use patents to companies in which the company holds shares, financing of companies in which the company holds shares, as well as any other activity not prohibited by law.

Industrial Holding Bulgaria AD (XBUL:IHB) Headlines

No Headlines