Randon Implementos E Participacoes (BSP:RAPT4) Inventory Turnover : 1.02 (As of Dec. 2023)

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What is Randon Implementos E 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. Randon Implementos E Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,972 Mil. Randon Implementos E Participacoes's Average Total Inventories for the quarter that ended in Dec. 2023 was R$1,935 Mil. Randon Implementos E Participacoes's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Randon Implementos E Participacoes's Days Inventory for the three months ended in Dec. 2023 was 89.52.

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. Randon Implementos E Participacoes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.

Randon Implementos E Participacoes Inventory Turnover Historical Data

The historical data trend for Randon Implementos E 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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Randon Implementos E Participacoes Inventory Turnover Chart

Randon Implementos E Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.63

4.30

4.42

4.06

4.10

Randon Implementos E 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															1.00	0.86	0.87	1.00	1.02

Randon Implementos E Participacoes Inventory Turnover Calculation

Randon Implementos E 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 )
=	8094.488	/ (	(2186.414	+	1766.662)	/	2 )
=	8094.488	/	1976.538
=	4.10

Randon Implementos E 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 )
=	1972.339	/ (	(2103.416	+	1766.662)	/	2 )
=	1972.339	/	1935.039
=	1.02

Randon Implementos E Participacoes (BSP:RAPT4) 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.

Randon Implementos E 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
	=	1935.039	/	1972.339	*	365 / 4
	=	89.52

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.

Randon Implementos E 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 )
	=	1935.039	/	2556.127
	=	0.76

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.

Randon Implementos E Participacoes Inventory Turnover Related Terms

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Randon Implementos E Participacoes (BSP:RAPT4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Randon SA Implementos E Participacoes (BSP:RAPT4) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RAPT3:Brazil

Address

Av Abramo Randon 770, Caxias Do Sul, RS, BRA, 95055010

Website

http://www.randon.com.br

Randon SA Implementos E Participacoes is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The company is engaged in the following segments Road / Railroad Equipment & Specialty Vehicles, Auto Parts and Services and others. Its products include various wagon types, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers, brake and transmission system. The firm generates its major part of the revenue from road, railroad equipment and specialty vehicles segment.

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