SZGPY (Salzgitter AG) Change In Inventory : $54 Mil (TTM As of Sep. 2024)

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What is Salzgitter AG Change In Inventory?

Salzgitter AG's change in inventory for the quarter that ended in Sep. 2024 was $30 Mil. It means Salzgitter AG's inventory declined by $30 Mil from Jun. 2024 to Sep. 2024 .

Salzgitter AG's change in inventory for the fiscal year that ended in Dec. 2023 was $483 Mil. It means Salzgitter AG's inventory declined by $483 Mil from Dec. 2022 to Dec. 2023 .

Salzgitter AG's Total Inventories for the quarter that ended in Sep. 2024 was $3,145 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Salzgitter AG's Days Inventory for the quarter that ended in Sep. 2024 was 153.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Salzgitter AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.60.

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. Salzgitter AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.13.

Salzgitter AG Change In Inventory Historical Data

The historical data trend for Salzgitter AG's Change In Inventory 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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Salzgitter AG Change In Inventory Chart

Salzgitter AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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93.33

366.79

-1,325.65

-373.73

483.32

Salzgitter AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															104.80	27.81	19.24	-22.50	29.86

Salzgitter AG Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $54 Mil.

Salzgitter AG (OTCPK:SZGPY) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Salzgitter AG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3119.2455	/	1859.379	*	365 / 4
	=	153.08

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Salzgitter AG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1859.379	/	3119.2455
	=	0.60

3. 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.

Salzgitter AG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3119.2455	/	2757.048
	=	1.13

Salzgitter AG Change In Inventory Related Terms

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Salzgitter AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salzgitter AG (OTCPK:SZGPY) » Definitions » Change In Inventory

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Traded in Other Exchanges

SZGPF:USA SZGd:UK 0G77:UK SZGA:Germany SZG:Germany SZG:Germany SZG:Germany SZG:Germany SZG:Austria

Address

Eisenhuttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.