Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) Inventory Turnover : 0.45 (As of Mar. 2023)

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What is Compania Colombiana de Tejidos Coltejer 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. Compania Colombiana de Tejidos Coltejer's Cost of Goods Sold for the three months ended in Mar. 2023 was COP3,173 Mil. Compania Colombiana de Tejidos Coltejer's Average Total Inventories for the quarter that ended in Mar. 2023 was COP7,100 Mil. Compania Colombiana de Tejidos Coltejer's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compania Colombiana de Tejidos Coltejer's Days Inventory for the three months ended in Mar. 2023 was 204.18.

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. Compania Colombiana de Tejidos Coltejer's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 4.57.

Compania Colombiana de Tejidos Coltejer Inventory Turnover Historical Data

The historical data trend for Compania Colombiana de Tejidos Coltejer'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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Compania Colombiana de Tejidos Coltejer Inventory Turnover Chart

Compania Colombiana de Tejidos Coltejer Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.34

3.67

4.32

4.04

1.06

Compania Colombiana de Tejidos Coltejer Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.22	0.14	0.64	0.45

Compania Colombiana de Tejidos Coltejer Inventory Turnover Calculation

Compania Colombiana de Tejidos Coltejer's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9069	/ (	(0	+	8520)	/	1 )
=	9069	/	8520
=	1.06

Compania Colombiana de Tejidos Coltejer's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	3173	/ (	(8520	+	5680)	/	2 )
=	3173	/	7100
=	0.45

Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) 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.

Compania Colombiana de Tejidos Coltejer's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	7100	/	3173	*	365 / 4
	=	204.18

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.

Compania Colombiana de Tejidos Coltejer's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	7100	/	1553
	=	4.57

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.

Compania Colombiana de Tejidos Coltejer Inventory Turnover Related Terms

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Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Carrera 42, No 54 A-161, Autopista Sur, Itagui, COL

Website

http://www.coltejer.com.co

Compania Colombiana de Tejidos Coltejer is principally engaged in the textile industry. Its activities include the production, distribution and sale of natural, artificial and synthetic fibers, fabrics and textiles.

Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) Headlines

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