Ouro Finoude Animal Participacoes (BSP:OFSA3) Inventory Turnover : 0.66 (As of Dec. 2023)

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What is Ouro Finoude Animal Participacoes 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. Ouro Finoude Animal Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$160.1 Mil. Ouro Finoude Animal Participacoes's Average Total Inventories for the quarter that ended in Dec. 2023 was R$241.9 Mil. Ouro Finoude Animal Participacoes's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ouro Finoude Animal Participacoes's Days Inventory for the three months ended in Dec. 2023 was 137.87.

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. Ouro Finoude Animal Participacoes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Ouro Finoude Animal Participacoes Inventory Turnover Historical Data

The historical data trend for Ouro Finoude Animal Participacoes'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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Ouro Finoude Animal Participacoes Inventory Turnover Chart

Ouro Finoude Animal Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.96

2.00

1.99

1.72

1.93

Ouro Finoude Animal Participacoes 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															0.47	0.28	0.38	0.46	0.66

Ouro Finoude Animal Participacoes Inventory Turnover Calculation

Ouro Finoude Animal Participacoes'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 )
=	511.548	/ (	(324.971	+	206.217)	/	2 )
=	511.548	/	265.594
=	1.93

Ouro Finoude Animal Participacoes'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 )
=	160.083	/ (	(277.528	+	206.217)	/	2 )
=	160.083	/	241.8725
=	0.66

Ouro Finoude Animal Participacoes (BSP:OFSA3) 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.

Ouro Finoude Animal Participacoes'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
	=	241.8725	/	160.083	*	365 / 4
	=	137.87

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.

Ouro Finoude Animal Participacoes'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 )
	=	241.8725	/	280.596
	=	0.86

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.

Ouro Finoude Animal Participacoes Inventory Turnover Related Terms

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Ouro Finoude Animal Participacoes (BSP:OFSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ouro Fino Saude Animal Participacoes SA (BSP:OFSA3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anhanguera Highway SP 330, Km 298, Industrial District, Cravinhos, SP, BRA, 14140-000

Website

https://www.ourofinosaudeanimal.com

Ouro Fino Saude Animal Participacoes SA is engaged in the production and sale of veterinary drugs, vaccines, and other products for cattle, pigs, poultry, sheep, horses and goats and pets. The company reportable segments are Production animals, Companion animals, and International operations. It generates maximum revenue from the Production animals segment. The product portfolio includes Anticoccidials, Antimicrobials, Biological, Ectoparasiticides, Endectocides, Fortifiers / Supplements, and others.

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