NV Bekaert (NV Bekaert) Inventory Turnover : 1.99 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is NV Bekaert 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. NV Bekaert's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,862 Mil. NV Bekaert's Average Total Inventories for the quarter that ended in Dec. 2023 was $937 Mil. NV Bekaert's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NV Bekaert's Days Inventory for the six months ended in Dec. 2023 was 91.86.

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. NV Bekaert's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

NV Bekaert Inventory Turnover Historical Data

The historical data trend for NV Bekaert'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.

* Premium members only.

NV Bekaert Inventory Turnover Chart

NV Bekaert Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.37

4.60

4.26

3.71

3.82

NV Bekaert 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															2.03	1.63	1.76	1.87	1.99

NV Bekaert Inventory Turnover Calculation

NV Bekaert'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 )
=	3951.242	/ (	(1210.907	+	859.876)	/	2 )
=	3951.242	/	1035.3915
=	3.82

NV Bekaert'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 )
=	1862.221	/ (	(1014.723	+	859.876)	/	2 )
=	1862.221	/	937.2995
=	1.99

NV Bekaert (OTCPK:BEKAY) 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.

NV Bekaert'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
	=	937.2995	/	1862.221	*	365 / 2
	=	91.86

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.

NV Bekaert'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 )
	=	937.2995	/	2191.806
	=	0.43

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.

NV Bekaert Inventory Turnover Related Terms

Thank you for viewing the detailed overview of NV Bekaert's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

NV Bekaert (NV Bekaert) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NV Bekaert SA (OTCPK:BEKAY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0OQJ:UK BK8N:Germany BEKB:Belgium BEKB:Austria

Address

Bekaertstraat 2, Zwevegem, BEL, BE-8550

Website

https://www.bekaert.com

NV Bekaert SA uses metal treatment technologies to deliver a portfolio of steel wire products and coating solutions to global customers. It operates in four segments: rubber reinforcement, steel wire solutions, specialty businesses, and Bridon-Bekaert Ropes Group. The company's products help reduce friction, improve corrosion resistance, and enhance adhesion with other materials. Bekaert's offerings are used in various sectors, including automotive, construction, energy, agriculture, and consumer goods.

NV Bekaert (NV Bekaert) Headlines

From GuruFocus

Bekaert makes Series-B investment in electrocatalyst maker Pajarito Powder

By PRNewswire PRNewswire • 09-01-2022