ALTEO Energy Services (BUD:ALTEO) Inventory Turnover : 23.50 (As of Dec. 2023)

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What is ALTEO Energy Services 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. ALTEO Energy Services's Cost of Goods Sold for the six months ended in Dec. 2023 was Ft25,682 Mil. ALTEO Energy Services's Average Total Inventories for the quarter that ended in Dec. 2023 was Ft1,093 Mil. ALTEO Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ALTEO Energy Services's Days Inventory for the six months ended in Dec. 2023 was 7.77.

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. ALTEO Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

ALTEO Energy Services Inventory Turnover Historical Data

The historical data trend for ALTEO Energy Services'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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ALTEO Energy Services Inventory Turnover Chart

ALTEO Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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80.62

66.77

33.41

49.08

45.74

ALTEO Energy Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															17.71	18.45	31.40	25.31	23.50

ALTEO Energy Services Inventory Turnover Calculation

ALTEO Energy Services'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 )
=	63330.516	/ (	(1779.133	+	989.904)	/	2 )
=	63330.516	/	1384.5185
=	45.74

ALTEO Energy Services'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	25681.516	/ (	(1196	+	989.904)	/	2 )
=	25681.516	/	1092.952
=	23.50

ALTEO Energy Services (BUD:ALTEO) 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.

ALTEO Energy Services's Days Inventory for the six 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
	=	1092.952	/	25681.516	*	365 / 2
	=	7.77

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.

ALTEO Energy Services'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 )
	=	1092.952	/	40100.327
	=	0.03

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.

ALTEO Energy Services Inventory Turnover Related Terms

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ALTEO Energy Services (BUD:ALTEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ALTEO Energy Services PLC (BUD:ALTEO) » Definitions » Inventory Turnover

Traded in Other Exchanges

54O:Germany

Address

Korhaz utca 6-12., Budapest, HUN, 1033

Website

https://www.alteo.hu

ALTEO Energy Services PLC operates in the utility industry in Hungary. Its business segments includes, Heat and electricity production and management, Renewables-based energy production, Energy services, Energy trading and other. Majority of the revenue generated from Heat and electricity production and management.

ALTEO Energy Services (BUD:ALTEO) Headlines

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