BFSAF (Befesa) Inventory Turnover : 1.52 (As of Jun. 2024)

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What is Befesa 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. Befesa's Cost of Goods Sold for the three months ended in Jun. 2024 was $172 Mil. Befesa's Average Total Inventories for the quarter that ended in Jun. 2024 was $113 Mil. Befesa's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Befesa's Days Inventory for the three months ended in Jun. 2024 was 60.16.

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. Befesa's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.33.

Befesa Inventory Turnover Historical Data

The historical data trend for Befesa'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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Befesa Inventory Turnover Chart

Befesa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.51

5.86

6.49

6.50

5.74

Befesa Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.41	1.33	1.35	1.52

Befesa Inventory Turnover Calculation

Befesa'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 )
=	628.209	/ (	(108.622	+	110.239)	/	2 )
=	628.209	/	109.4305
=	5.74

Befesa's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	171.776	/ (	(117.03	+	109.475)	/	2 )
=	171.776	/	113.2525
=	1.52

Befesa (OTCPK:BFSAF) 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.

Befesa's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	113.2525	/	171.776	*	365 / 4
	=	60.16

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.

Befesa's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	113.2525	/	347.488
	=	0.33

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.

Befesa Inventory Turnover Related Terms

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Befesa Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BFSA:Mexico BFSAd:UK 0RVK:UK BFSA:Germany BFSA:Austria

Address

68-70, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2320

Website

https://www.befesa.com

Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt sags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. The geographical segments are Spain, Germany, Netherlands, Belgium, Finland, France, United Kingdom, Italy, & others, out of which the majority is derived from Spain.

Befesa Headlines

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Francisco Garcia Parames Comments on Befesa

By Sydnee Gatewood Sydnee Gatewood • 05-01-2020