CTT-Correios de Portugal (CTT-Correios de Portugal) Inventory Turnover : 18.74 (As of Dec. 2023)

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What is CTT-Correios de Portugal 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. CTT-Correios de Portugal's Cost of Goods Sold for the three months ended in Dec. 2023 was $149 Mil. CTT-Correios de Portugal's Average Total Inventories for the quarter that ended in Dec. 2023 was $8 Mil. CTT-Correios de Portugal's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTT-Correios de Portugal's Days Inventory for the three months ended in Dec. 2023 was 4.87.

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. CTT-Correios de Portugal's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

CTT-Correios de Portugal Inventory Turnover Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Inventory Turnover Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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72.49

70.34

66.49

63.74

64.74

CTT-Correios de Portugal 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															19.13	14.29	16.30	14.08	18.74

CTT-Correios de Portugal Inventory Turnover Calculation

CTT-Correios de Portugal'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 )
=	524.752	/ (	(8.781	+	7.43)	/	2 )
=	524.752	/	8.1055
=	64.74

CTT-Correios de Portugal'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 )
=	149.284	/ (	(8.501	+	7.43)	/	2 )
=	149.284	/	7.9655
=	18.74

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal'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
	=	7.9655	/	149.284	*	365 / 4
	=	4.87

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.

CTT-Correios de Portugal'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 )
	=	7.9655	/	280.451
	=	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.

CTT-Correios de Portugal Inventory Turnover Related Terms

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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.