Grupo Argos (BOG:GRUPOARGOS) Inventory Turnover : 1.86 (As of Sep. 2023)

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What is Grupo Argos 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. Grupo Argos's Cost of Goods Sold for the three months ended in Sep. 2023 was COP3,464,541 Mil. Grupo Argos's Average Total Inventories for the quarter that ended in Sep. 2023 was COP1,864,932 Mil. Grupo Argos's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo Argos's Days Inventory for the three months ended in Sep. 2023 was 49.12.

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. Grupo Argos's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.38.

Grupo Argos Inventory Turnover Historical Data

The historical data trend for Grupo Argos'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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Grupo Argos Inventory Turnover Chart

Grupo Argos Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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8.55

9.57

8.49

9.03

9.54

Grupo Argos Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.14	2.26	2.06	2.37	1.86

Grupo Argos Inventory Turnover Calculation

Grupo Argos'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 )
=	15791372	/ (	(1380657	+	1929915)	/	2 )
=	15791372	/	1655286
=	9.54

Grupo Argos's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	3464541	/ (	(1919836	+	1810028)	/	2 )
=	3464541	/	1864932
=	1.86

Grupo Argos (BOG:GRUPOARGOS) 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.

Grupo Argos's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1864932	/	3464541	*	365 / 4
	=	49.12

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.

Grupo Argos's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1864932	/	4844339
	=	0.38

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.

Grupo Argos Inventory Turnover Related Terms

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Grupo Argos (BOG:GRUPOARGOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grupo Argos SA (BOG:GRUPOARGOS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PFGRUPOARG:Columbia

Address

Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL

Website

https://www.grupoargos.com

Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.

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