Electro Aco Altona (BSP:EALT4) Inventory Turnover : 1.26 (As of Dec. 2023)

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What is Electro Aco Altona 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. Electro Aco Altona's Cost of Goods Sold for the three months ended in Dec. 2023 was R$102.0 Mil. Electro Aco Altona's Average Total Inventories for the quarter that ended in Dec. 2023 was R$80.7 Mil. Electro Aco Altona's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro Aco Altona's Days Inventory for the three months ended in Dec. 2023 was 72.18.

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. Electro Aco Altona's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

Electro Aco Altona Inventory Turnover Historical Data

The historical data trend for Electro Aco Altona'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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Electro Aco Altona Inventory Turnover Chart

Electro Aco Altona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.15

5.22

5.87

5.73

4.97

Electro Aco Altona Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.32	1.16	1.25	1.33	1.26

Electro Aco Altona Inventory Turnover Calculation

Electro Aco Altona'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 )
=	377.768	/ (	(70.752	+	81.374)	/	2 )
=	377.768	/	76.063
=	4.97

Electro Aco Altona'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	102.003	/ (	(79.989	+	81.374)	/	2 )
=	102.003	/	80.6815
=	1.26

Electro Aco Altona (BSP:EALT4) 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.

Electro Aco Altona's Days Inventory for the three 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
	=	80.6815	/	102.003	*	365 / 4
	=	72.18

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.

Electro Aco Altona'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 )
	=	80.6815	/	134.965
	=	0.60

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.

Electro Aco Altona Inventory Turnover Related Terms

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Electro Aco Altona (BSP:EALT4) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Aco Altona SA (BSP:EALT4) » Definitions » Inventory Turnover

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EALT3:Brazil

Address

Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900

Website

http://www.altona.com.br

Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.

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