Attica Holdings (ATH:ATTICA) Inventory Turnover : 23.18 (As of Dec. 2023)

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What is Attica Holdings 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. Attica Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €251.4 Mil. Attica Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €10.8 Mil. Attica Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Attica Holdings's Days Inventory for the six months ended in Dec. 2023 was 7.87.

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. Attica Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Attica Holdings Inventory Turnover Historical Data

The historical data trend for Attica Holdings'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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Attica Holdings Inventory Turnover Chart

Attica Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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59.07

44.58

49.57

56.28

40.26

Attica Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															27.03	23.38	24.65	20.59	23.18

Attica Holdings Inventory Turnover Calculation

Attica Holdings'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 )
=	442.009	/ (	(9.391	+	12.567)	/	2 )
=	442.009	/	10.979
=	40.26

Attica Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	251.409	/ (	(9.124	+	12.567)	/	2 )
=	251.409	/	10.8455
=	23.18

Attica Holdings (ATH:ATTICA) 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.

Attica Holdings's Days Inventory for the six 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
	=	10.8455	/	251.409	*	365 / 2
	=	7.87

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.

Attica Holdings'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 )
	=	10.8455	/	344.042
	=	0.03

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.

Attica Holdings Inventory Turnover Related Terms

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Attica Holdings (ATH:ATTICA) Business Description

Industry

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Traded in Other Exchanges

AAE1:Germany

Address

1-7 Lysikratous and Evripidou Street, Kallithea, Athens, GRC, 17674

Website

https://www.attica-group.com

Attica Holdings SA provides ferry services in the Eastern Mediterranean Sea. The company provides its services through a fleet of modern and technologically advanced vessels, providing transportation services for passengers, private vehicles and trucks. It operates its ferries under the brand name Superfast Ferries and Blue Star Ferries, and Hellenic Seaways. The company's geographical segments are divided into domestic and international routes. The majority of the revenue is generated from domestic routes, and the revenue is generated in the form of Fares collected as well as on-board sales.

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