Anek Lines (ATH:ANEP) Inventory Turnover : 19.48 (As of Jun. 2023)

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What is Anek Lines 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. Anek Lines's Cost of Goods Sold for the six months ended in Jun. 2023 was €77.85 Mil. Anek Lines's Average Total Inventories for the quarter that ended in Jun. 2023 was €4.00 Mil. Anek Lines's Inventory Turnover for the quarter that ended in Jun. 2023 was 19.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anek Lines's Days Inventory for the six months ended in Jun. 2023 was 9.37.

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. Anek Lines's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.05.

Anek Lines Inventory Turnover Historical Data

The historical data trend for Anek Lines'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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Anek Lines Inventory Turnover Chart

Anek Lines Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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51.97

48.86

46.20

40.57

43.04

Anek Lines Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															24.47	18.94	24.18	17.39	19.48

Anek Lines Inventory Turnover Calculation

Anek Lines's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	140.679	/ (	(2.689	+	3.848)	/	2 )
=	140.679	/	3.2685
=	43.04

Anek Lines's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	77.851	/ (	(5.554	+	2.44)	/	2 )
=	77.851	/	3.997
=	19.48

Anek Lines (ATH:ANEP) 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.

Anek Lines's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3.997	/	77.851	*	365 / 2
	=	9.37

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.

Anek Lines's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3.997	/	81.884
	=	0.05

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.

Anek Lines Inventory Turnover Related Terms

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Anek Lines (ATH:ANEP) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

148 Karamanli Avenue, Crete, Chania, GRC, 73100

Website

https://www.anek.gr

Anek Lines SA is engaged in passenger shipping and performs business activities in the sector of passenger ferry shipping. The main sources of revenue are generated from the passenger, P.U. vehicles and truck fares, as well as other onboard activities (bars, restaurants, stores, and casinos). The company operates its shipping activities domestically and abroad, out of which the majority of the revenue is derived from Abroad.

Anek Lines (ATH:ANEP) Headlines

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