Flughafen Zuerich AG (Flughafen Zuerich AG) Inventory Turnover : 14.97 (As of Dec. 2023)

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What is Flughafen Zuerich 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. Flughafen Zuerich AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $330 Mil. Flughafen Zuerich AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $22 Mil. Flughafen Zuerich AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flughafen Zuerich AG's Days Inventory for the six months ended in Dec. 2023 was 12.19.

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. Flughafen Zuerich AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Flughafen Zuerich AG Inventory Turnover Historical Data

The historical data trend for Flughafen Zuerich 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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Flughafen Zuerich AG Inventory Turnover Chart

Flughafen Zuerich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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48.89

38.86

40.90

49.92

37.94

Flughafen Zuerich AG 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															21.59	24.86	26.03	18.84	14.97

Flughafen Zuerich AG Inventory Turnover Calculation

Flughafen Zuerich 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 )
=	654.024	/ (	(11.7	+	22.78)	/	2 )
=	654.024	/	17.24
=	37.94

Flughafen Zuerich AG'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 )
=	330.134	/ (	(21.324	+	22.78)	/	2 )
=	330.134	/	22.052
=	14.97

Flughafen Zuerich AG (OTCPK:FLGZY) 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.

Flughafen Zuerich AG'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
	=	22.052	/	330.134	*	365 / 2
	=	12.19

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.

Flughafen Zuerich AG'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 )
	=	22.052	/	762.72
	=	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.

Flughafen Zuerich AG Inventory Turnover Related Terms

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Flughafen Zuerich AG (Flughafen Zuerich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flughafen Zuerich AG (OTCPK:FLGZY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

UZAPF:USA FHZNz:UK 0RG6:UK FHZN:Switzerland

Address

Zurich-Flughafen, Postfach, Zurich, CHE, CH-8058

Website

https://www.flughafen-zuerich.ch

Flughafen Zuerich AG owns and operates Zurich Airport, and offers services to international, domestic, and regional flights. Its services provided for passengers encompass activities related to the departure, arrival, and transfer areas at the airport. Revenue is split between aviation (majority of total revenue) and nonaviation services. Aviation services primarily derive from passenger and landing charges. Nonaviation services refer to retail and parking charges, sales from facility management, and other services provided at the airport. Passengers traveling within Europe cover approximately three fourths of total passengers, with many tourist cities being popular destinations.