Yara International ASA (Yara International ASA) Inventory Turnover : 0.85 (As of Dec. 2023)

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What is Yara International ASA 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. Yara International ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,474 Mil. Yara International ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,926 Mil. Yara International ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yara International ASA's Days Inventory for the three months ended in Dec. 2023 was 107.90.

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. Yara International ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Yara International ASA Inventory Turnover Historical Data

The historical data trend for Yara International ASA'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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Yara International ASA Inventory Turnover Chart

Yara International ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.79

3.55

3.94

4.15

3.26

Yara International ASA 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															0.87	0.78	0.89	1.00	0.85

Yara International ASA Inventory Turnover Calculation

Yara International ASA'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 )
=	12095	/ (	(4365	+	3058)	/	2 )
=	12095	/	3711.5
=	3.26

Yara International ASA'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 )
=	2474	/ (	(2793	+	3058)	/	2 )
=	2474	/	2925.5
=	0.85

Yara International ASA (OTCPK:YARIY) 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.

Yara International ASA'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
	=	2925.5	/	2474	*	365 / 4
	=	107.90

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.

Yara International ASA'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 )
	=	2925.5	/	3505
	=	0.83

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.

Yara International ASA Inventory Turnover Related Terms

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Yara International ASA (Yara International ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Yara International ASA (OTCPK:YARIY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

YRAIF:USA YARo:Sweden YAR:Norway YARo:UK 0O7D:UK IU20:Germany IU2:Germany IU2:Germany

Address

Drammensveien 131, Oslo, NOR, 0277

Website

https://www.yara.com

Yara International ASA is a Crop nutrition company. The company converts natural gas into nitrogen products. It is engaged in the production of ammonia, mineral fertilizers, and industrial products. The firm also develops and markets environmental solutions and essential products for industrial applications. It markets and distributes a complete range of crop nutrition products and programs globally. The fertilizers and crop nutrition programs help to produce the food required for the growing world population. Industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations.

Yara International ASA (Yara International ASA) Headlines

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