Heidelberger Druckmaschinen AG (FRA:HDD) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Heidelberger Druckmaschinen 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. Heidelberger Druckmaschinen AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €543 Mil. Heidelberger Druckmaschinen AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €658 Mil. Heidelberger Druckmaschinen AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heidelberger Druckmaschinen AG's Days Inventory for the three months ended in Mar. 2024 was 110.49.

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. Heidelberger Druckmaschinen AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Heidelberger Druckmaschinen AG Inventory Turnover Historical Data

The historical data trend for Heidelberger Druckmaschinen 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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Heidelberger Druckmaschinen AG Inventory Turnover Chart

Heidelberger Druckmaschinen AG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.89

1.80

1.98

2.02

2.05

Heidelberger Druckmaschinen AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.75	0.32	0.31	0.37	0.83

Heidelberger Druckmaschinen AG Inventory Turnover Calculation

Heidelberger Druckmaschinen AG's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1247	/ (	(632	+	582)	/	2 )
=	1247	/	607
=	2.05

Heidelberger Druckmaschinen AG's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	543	/ (	(733	+	582)	/	2 )
=	543	/	657.5
=	0.83

Heidelberger Druckmaschinen AG (FRA:HDD) 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.

Heidelberger Druckmaschinen AG's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	657.5	/	543	*	365 / 4
	=	110.49

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.

Heidelberger Druckmaschinen AG's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	657.5	/	709
	=	0.93

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.

Heidelberger Druckmaschinen AG Inventory Turnover Related Terms

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Heidelberger Druckmaschinen AG (FRA:HDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heidelberger Druckmaschinen AG (FRA:HDD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HBGRY:USA HBGRF:USA 0OC2:UK HDD:Germany HDD:Germany HDD:Germany HDD:Austria

Address

Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115

Website

https://www.heidelberg.com

Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.

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