Partner Communications Co (XTAE:PTNR) Inventory Turnover : 9.82 (As of Dec. 2023)

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What is Partner Communications Co 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. Partner Communications Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪653 Mil. Partner Communications Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪67 Mil. Partner Communications Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Partner Communications Co's Days Inventory for the three months ended in Dec. 2023 was 9.29.

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. Partner Communications Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Partner Communications Co Inventory Turnover Historical Data

The historical data trend for Partner Communications Co'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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Partner Communications Co Inventory Turnover Chart

Partner Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.39

26.51

33.32

30.30

32.77

Partner Communications Co 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															7.16	6.36	5.55	7.02	9.82

Partner Communications Co Inventory Turnover Calculation

Partner Communications Co'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 )
=	2589	/ (	(89	+	69)	/	2 )
=	2589	/	79
=	32.77

Partner Communications Co'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 )
=	653	/ (	(64	+	69)	/	2 )
=	653	/	66.5
=	9.82

Partner Communications Co (XTAE:PTNR) 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.

Partner Communications Co'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
	=	66.5	/	653	*	365 / 4
	=	9.29

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.

Partner Communications Co'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 )
	=	66.5	/	806
	=	0.08

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.

Partner Communications Co Inventory Turnover Related Terms

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Partner Communications Co (XTAE:PTNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Partner Communications Co Ltd (XTAE:PTNR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PTNRF:USA

Address

8 Amal Street, Afek Industrial Park, Rosh Ha'ayin, ISR, 48103

Website

https://www.partner.co.il

Partner Communications Co Ltd is an Israeli-based telecommunications company. It provides a wide integrated and customized range of cellular and fixed-line telecommunication services, including infrastructure, international long-distance (ILD), internet services provider (ISP), television, and other services. The cellular business segment represents the portion of total revenues, and it offers services such as airtime calls, international roaming services, text messaging, internet browsing, value-added and content services, and services provided to other operators that use the company's cellular network.

Partner Communications Co (XTAE:PTNR) Headlines

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