EVA Precision Industrial Holdings (FRA:GZT) Inventory Turnover : 3.80 (As of Dec. 2023)

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What is EVA Precision Industrial Holdings 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. EVA Precision Industrial Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €302.2 Mil. EVA Precision Industrial Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €79.6 Mil. EVA Precision Industrial Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EVA Precision Industrial Holdings's Days Inventory for the six months ended in Dec. 2023 was 48.04.

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. EVA Precision Industrial Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

EVA Precision Industrial Holdings Inventory Turnover Historical Data

The historical data trend for EVA Precision Industrial Holdings'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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EVA Precision Industrial Holdings Inventory Turnover Chart

EVA Precision Industrial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.73

5.44

6.86

7.82

7.52

EVA Precision Industrial Holdings 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															3.41	3.71	4.17	3.39	3.80

EVA Precision Industrial Holdings Inventory Turnover Calculation

EVA Precision Industrial Holdings'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 )
=	574.296	/ (	(77.432	+	75.241)	/	2 )
=	574.296	/	76.3365
=	7.52

EVA Precision Industrial Holdings'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 )
=	302.223	/ (	(83.861	+	75.241)	/	2 )
=	302.223	/	79.551
=	3.80

EVA Precision Industrial Holdings (FRA:GZT) 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.

EVA Precision Industrial Holdings'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
	=	79.551	/	302.223	*	365 / 2
	=	48.04

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.

EVA Precision Industrial Holdings'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 )
	=	79.551	/	389.882
	=	0.20

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.

EVA Precision Industrial Holdings Inventory Turnover Related Terms

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EVA Precision Industrial Holdings (FRA:GZT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EVA Precision Industrial Holdings Ltd (FRA:GZT) » Definitions » Inventory Turnover

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00838:Hong Kong

Address

Number 1 Science Museum Road, Unit 8, 6th Floor, Greenfield Tower, Concordia Plaza, Kowloon, Hong Kong, HKG

Website

http://www.eva-group.com

EVA Precision Industrial Holdings Ltd is an investment holding company. The Group is a vertically integrated precision manufacturing service provider. The Group's existing services include mainly i) design and fabrication of precision metal stamping and plastic injection moulds; ii) manufacturing of precision metal and plastic components by using tailor-made moulds and other sophisticated manufacturing processes; iii) lathing of metal components The company's operating segment includes Office automation equipment and Automotive components. It generates maximum revenue from the Office automation equipment segment. Geographically, it derives a majority of revenue from The People's Republic of China.

EVA Precision Industrial Holdings (FRA:GZT) Headlines

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