MAN SE (CHIX:MAND) Inventory Turnover : 2.22 (As of Jun. 2021)

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What is MAN SE 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. MAN SE's Cost of Goods Sold for the six months ended in Jun. 2021 was €5,190 Mil. MAN SE's Average Total Inventories for the quarter that ended in Jun. 2021 was €2,333 Mil. MAN SE's Inventory Turnover for the quarter that ended in Jun. 2021 was 2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MAN SE's Days Inventory for the six months ended in Jun. 2021 was 82.04.

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. MAN SE's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.36.

MAN SE Inventory Turnover Historical Data

The historical data trend for MAN SE'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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MAN SE Inventory Turnover Chart

MAN SE Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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3.62

2.78

3.53

4.40

4.12

MAN SE Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial															2.01	2.05	1.69	2.31	2.22

MAN SE Inventory Turnover Calculation

MAN SE's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	9538	/ (	(2428	+	2204)	/	2 )
=	9538	/	2316
=	4.12

MAN SE's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	5190	/ (	(2204	+	2462)	/	2 )
=	5190	/	2333
=	2.22

MAN SE (CHIX:MANd) 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.

MAN SE's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	2333	/	5190	*	365 / 2
	=	82.04

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.

MAN SE's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	2333	/	6405
	=	0.36

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.

MAN SE Inventory Turnover Related Terms

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MAN SE (CHIX:MAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » MAN SE (CHIX:MANd) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Dachauer Strasse 641, Munich, DEU, 80995

Website

https://www.mantruckandbus.com

MAN is a commercial vehicle manufacturer and engineering company. The company organises itself into segments: MAN truck and bus and MAN Latin America, MAN truck and bus, which generates the majority of revenue, supplies commercial vehicles to Europe and Asian markets. MAN Latin America manufactures trucks and buses in Brazil.

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