Sika AG (CHIX:SIKAZ) Inventory Turnover : 2.00 (As of Jun. 2024)

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What is Sika AG 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. Sika AG's Cost of Goods Sold for the six months ended in Jun. 2024 was CHF2,617 Mil. Sika AG's Average Total Inventories for the quarter that ended in Jun. 2024 was CHF1,310 Mil. Sika AG's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sika AG's Days Inventory for the six months ended in Jun. 2024 was 91.36.

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. Sika AG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.22.

Sika AG Inventory Turnover Historical Data

The historical data trend for Sika AG'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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Sika AG Inventory Turnover Chart

Sika AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.52

4.24

4.52

4.48

4.25

Sika AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.08	2.04	1.88	1.98	2.00

Sika AG Inventory Turnover Calculation

Sika AG'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 )
=	5213.8	/ (	(1212.8	+	1240.7)	/	2 )
=	5213.8	/	1226.75
=	4.25

Sika AG's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2617.2	/ (	(1240.7	+	1379.6)	/	2 )
=	2617.2	/	1310.15
=	2.00

Sika AG (CHIX:SIKAz) 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.

Sika AG's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1310.15	/	2617.2	*	365 / 2
	=	91.36

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.

Sika AG's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1310.15	/	5834.8
	=	0.22

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.

Sika AG Inventory Turnover Related Terms

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Sika AG Business Description

Industry

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Traded in Other Exchanges

SXYAY:USA SKFOF:USA 0Z4C:UK SIKB:Germany SIKA:Switzerland

Address

Zugerstrasse 50, Baar, CHE, 6340

Website

https://www.sika.com

Established in 1910, Sika produces specialty chemicals primarily used by the construction sector (85% of sales). Its products are mainly used for bonding, sealing, reinforcing, and protecting in the construction and automotive industries. Approximately 70% of its products have a positive impact on sustainability for customers. Sika has a global manufacturing footprint of more than 400 factories spread across over 100 countries.

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