Fomento de Construcciones y Contratas (FRA:FCC) Inventory Turnover : 1.46 (As of Jun. 2023)

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What is Fomento de Construcciones y Contratas 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. Fomento de Construcciones y Contratas's Cost of Goods Sold for the six months ended in Jun. 2023 was €1,649 Mil. Fomento de Construcciones y Contratas's Average Total Inventories for the quarter that ended in Jun. 2023 was €1,133 Mil. Fomento de Construcciones y Contratas's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fomento de Construcciones y Contratas's Days Inventory for the six months ended in Jun. 2023 was 125.37.

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. Fomento de Construcciones y Contratas's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.26.

Fomento de Construcciones y Contratas Inventory Turnover Historical Data

The historical data trend for Fomento de Construcciones y Contratas'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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Fomento de Construcciones y Contratas Inventory Turnover Chart

Fomento de Construcciones y Contratas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.27

3.90

3.47

2.82

2.77

Fomento de Construcciones y Contratas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.52	1.48	1.21	1.43	1.46

Fomento de Construcciones y Contratas Inventory Turnover Calculation

Fomento de Construcciones y Contratas's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2903.544	/ (	(1037.454	+	1060.171)	/	2 )
=	2903.544	/	1048.8125
=	2.77

Fomento de Construcciones y Contratas's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1648.884	/ (	(1060.171	+	1205.198)	/	2 )
=	1648.884	/	1132.6845
=	1.46

Fomento de Construcciones y Contratas (FRA:FCC) 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.

Fomento de Construcciones y Contratas's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1132.6845	/	1648.884	*	365 / 2
	=	125.37

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.

Fomento de Construcciones y Contratas's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1132.6845	/	4319.796
	=	0.26

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.

Fomento de Construcciones y Contratas Inventory Turnover Related Terms

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Fomento de Construcciones y Contratas (FRA:FCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fomento de Construcciones y Contratas SA (FRA:FCC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FMOCF:USA 0HAA:UK FCC:Spain FCC:Germany

Address

Federico Salmon, 13, Madrid, ESP, 28016

Website

http://www.fcc.es

Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.

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