Simona AG (FRA:SIM0) Inventory Turnover : 1.16 (As of Jun. 2024)

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What is Simona 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. Simona AG's Cost of Goods Sold for the six months ended in Jun. 2024 was €156.6 Mil. Simona AG's Average Total Inventories for the quarter that ended in Jun. 2024 was €135.1 Mil. Simona AG's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simona AG's Days Inventory for the six months ended in Jun. 2024 was 157.39.

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. Simona AG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.45.

Simona AG Inventory Turnover Historical Data

The historical data trend for Simona 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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Simona AG Inventory Turnover Chart

Simona AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.53

2.17

3.01

3.14

2.32

Simona AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.63	1.34	1.21	1.05	1.16

Simona AG Inventory Turnover Calculation

Simona AG'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 )
=	319.045	/ (	(143.596	+	131.531)	/	2 )
=	319.045	/	137.5635
=	2.32

Simona AG's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	156.616	/ (	(131.531	+	138.612)	/	2 )
=	156.616	/	135.0715
=	1.16

Simona AG (FRA:SIM0) 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.

Simona AG's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	135.0715	/	156.616	*	365 / 2
	=	157.39

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.

Simona AG's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	135.0715	/	298.036
	=	0.45

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.

Simona AG Inventory Turnover Related Terms

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Simona AG Business Description

Industry

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SIM:Germany

Address

Teichweg 16, Kirn, RP, DEU, 55606

Website

https://www.simona.de

Simona AG is Germany based company that is engaged in developing, manufacturing and marketing semi-finished thermoplastics, pipes, and fittings as well as finished parts and profiles. The company's products include sheets, twin wall sheets, rods, profiles, welding rods, pipes, fittings, flanges, valves, solid rods, hollow rods, U-profiles and square pipes and finished parts and profiles. The company organizes its business into geographic segments namely EMEA, the Americas, and Asia-Pacific. All three segments generate their revenues through the sale of Semi-finished and finished parts and Pipes and fittings.

Executives

Matthias Schoenberg

Board of Directors

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