Fertilizantes Heringer (BSP:FHER3) Inventory Turnover : 1.31 (As of Dec. 2023)

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What is Fertilizantes Heringer 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. Fertilizantes Heringer's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,384 Mil. Fertilizantes Heringer's Average Total Inventories for the quarter that ended in Dec. 2023 was R$1,058 Mil. Fertilizantes Heringer's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fertilizantes Heringer's Days Inventory for the three months ended in Dec. 2023 was 69.76.

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. Fertilizantes Heringer's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.74.

Fertilizantes Heringer Inventory Turnover Historical Data

The historical data trend for Fertilizantes Heringer'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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Fertilizantes Heringer Inventory Turnover Chart

Fertilizantes Heringer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

4.71

3.32

3.68

4.23

Fertilizantes Heringer 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															1.07	1.18	0.87	1.35	1.31

Fertilizantes Heringer Inventory Turnover Calculation

Fertilizantes Heringer'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 )
=	5327.169	/ (	(1446.657	+	1070.715)	/	2 )
=	5327.169	/	1258.686
=	4.23

Fertilizantes Heringer'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 )
=	1384.303	/ (	(1045.974	+	1070.715)	/	2 )
=	1384.303	/	1058.3445
=	1.31

Fertilizantes Heringer (BSP:FHER3) 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.

Fertilizantes Heringer'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
	=	1058.3445	/	1384.303	*	365 / 4
	=	69.76

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.

Fertilizantes Heringer'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 )
	=	1058.3445	/	1427.804
	=	0.74

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.

Fertilizantes Heringer Inventory Turnover Related Terms

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Fertilizantes Heringer (BSP:FHER3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Fertilizantes Heringer SA (BSP:FHER3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avendia Idalino Carvalho, S/N, Bairro Areinha, Viana, ES, BRA, 29135000

Website

http://www.heringer.com.br

Fertilizantes Heringer SA is engaged in the production, marketing, and distribution of fertilizers in Brazil. It offers basic fertilizers, NPK formulas, and special fertilizers. The company also offers various services such as soil analysis incentive programs, technical lectures for farmers, pre-and after-sales support, and specialized technical guidance. The company has two segments: The industrial segment, which comprises the sulfuric acid and single super phosphate plant located in Paranagua; and the Mixing segment, which comprises the company's 11 mixing units. The firm generates the majority of its revenues from the mixing segment.

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