Konecranes Oyj (FRA:K34) Inventory Turnover : 0.48 (As of Sep. 2024)

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What is Konecranes Oyj 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. Konecranes Oyj's Cost of Goods Sold for the three months ended in Sep. 2024 was €489 Mil. Konecranes Oyj's Average Total Inventories for the quarter that ended in Sep. 2024 was €1,023 Mil. Konecranes Oyj's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Konecranes Oyj's Days Inventory for the three months ended in Sep. 2024 was 190.97.

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. Konecranes Oyj's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.96.

Konecranes Oyj Inventory Turnover Historical Data

The historical data trend for Konecranes Oyj'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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Konecranes Oyj Inventory Turnover Chart

Konecranes Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.40

2.33

2.12

1.83

1.93

Konecranes Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.57	0.37	0.43	0.48

Konecranes Oyj Inventory Turnover Calculation

Konecranes Oyj'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 )
=	1820.3	/ (	(947.3	+	938.1)	/	2 )
=	1820.3	/	942.7
=	1.93

Konecranes Oyj's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	488.7	/ (	(1040.1	+	1005.4)	/	2 )
=	488.7	/	1022.75
=	0.48

Konecranes Oyj (FRA:K34) 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.

Konecranes Oyj's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1022.75	/	488.7	*	365 / 4
	=	190.97

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.

Konecranes Oyj's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1022.75	/	1069.9
	=	0.96

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.

Konecranes Oyj Inventory Turnover Related Terms

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Konecranes Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Konecranes Oyj (FRA:K34) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KNCRY:USA KNCRF:USA KCRh:UK 0MET:UK KCR:Finland

Address

Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801

Website

https://www.konecranes.com

Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.

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