Altice Europe NV (Altice Europe NV) Inventory Turnover : 1.95 (As of Sep. 2020)

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What is Altice Europe NV 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. Altice Europe NV's Cost of Goods Sold for the three months ended in Sep. 2020 was $1,201 Mil. Altice Europe NV's Average Total Inventories for the quarter that ended in Sep. 2020 was $616 Mil. Altice Europe NV's Inventory Turnover for the quarter that ended in Sep. 2020 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altice Europe NV's Days Inventory for the three months ended in Sep. 2020 was 46.78.

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. Altice Europe NV's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.14.

Altice Europe NV Inventory Turnover Historical Data

The historical data trend for Altice Europe NV'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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Altice Europe NV Inventory Turnover Chart

Altice Europe NV Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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13.61

16.82

11.66

9.93

8.66

Altice Europe NV Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															2.10	2.33	1.93	1.77	1.95

Altice Europe NV Inventory Turnover Calculation

Altice Europe NV's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	4386.666	/ (	(480.319	+	532.667)	/	2 )
=	4386.666	/	506.493
=	8.66

Altice Europe NV's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	1200.707	/ (	(578.941	+	652.061)	/	2 )
=	1200.707	/	615.501
=	1.95

Altice Europe NV (OTCPK:ALLVF) 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.

Altice Europe NV's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	615.501	/	1200.707	*	365 / 4
	=	46.78

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.

Altice Europe NV's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	615.501	/	4434.747
	=	0.14

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.

Altice Europe NV Inventory Turnover Related Terms

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Altice Europe NV (Altice Europe NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Altice Europe NV (OTCPK:ALLVF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Oostdam 1, Woerden, NLD, 3441 EM

Website

http://www.altice.net

Altice Europe NV is engaged in telecom, content, media, entertainment and advertising. The company delivers products and solutions over fibre networks and mobile broadband. It is also a provider of enterprise digital solutions to business customers. The company's segments areFrance, Portugal, Israel, Dominican Republic, Teads, Altice TV, and Others.

Altice Europe NV (Altice Europe NV) Headlines

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