Audax Renovables (FRA:54F) Inventory Turnover : 57.08 (As of Dec. 2024)

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What is Audax Renovables 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. Audax Renovables's Cost of Goods Sold for the six months ended in Dec. 2024 was €990 Mil. Audax Renovables's Average Total Inventories for the quarter that ended in Dec. 2024 was €17 Mil. Audax Renovables's Inventory Turnover for the quarter that ended in Dec. 2024 was 57.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Audax Renovables's Days Inventory for the six months ended in Dec. 2024 was 3.20.

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. Audax Renovables's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

Audax Renovables Inventory Turnover Historical Data

The historical data trend for Audax Renovables'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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Audax Renovables Inventory Turnover Chart

Audax Renovables Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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522.58

477.81

331.38

183.17

115.48

Audax Renovables Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															127.62	107.76	81.32	51.93	57.08

Audax Renovables Inventory Turnover Calculation

Audax Renovables's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1752.08	/ (	(12.512	+	17.833)	/	2 )
=	1752.08	/	15.1725
=	115.48

Audax Renovables's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	989.778	/ (	(16.848	+	17.833)	/	2 )
=	989.778	/	17.3405
=	57.08

Audax Renovables (FRA:54F) 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.

Audax Renovables's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	17.3405	/	989.778	*	365 / 2
	=	3.20

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.

Audax Renovables's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	17.3405	/	1099.044
	=	0.02

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.

Audax Renovables Inventory Turnover Related Terms

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Audax Renovables Business Description

Industry

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0EIB:UK ADX:Spain

Address

Calle Electronica 19, Badalona, Barcelona, ESP, 08911

Website

https://www.audaxrenovables.com

Audax Renovables SA is engaged in the development of renewable energy for generating electricity. The company is mainly focused on developing wind energy. The group's projects are located in Spain, France, Panama, Germany, and Poland. The majority of the revenue is generated from Spain and Portugal.

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