Titan Petrochemicals Group (FRA:TIP1) Inventory Turnover : 1.97 (As of Jun. 2020)

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What is Titan Petrochemicals Group 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. Titan Petrochemicals Group's Cost of Goods Sold for the six months ended in Jun. 2020 was €6.06 Mil. Titan Petrochemicals Group's Average Total Inventories for the quarter that ended in Jun. 2020 was €3.08 Mil. Titan Petrochemicals Group's Inventory Turnover for the quarter that ended in Jun. 2020 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Titan Petrochemicals Group's Days Inventory for the six months ended in Jun. 2020 was 92.77.

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. Titan Petrochemicals Group's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.38.

Titan Petrochemicals Group Inventory Turnover Historical Data

The historical data trend for Titan Petrochemicals Group'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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Titan Petrochemicals Group Inventory Turnover Chart

Titan Petrochemicals Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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18.96

29.28

1.99

12.07

Titan Petrochemicals Group Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Inventory Turnover	Get a 7-Day Free Trial															0.68	0.93	3.45	5.88	1.97

Titan Petrochemicals Group Inventory Turnover Calculation

Titan Petrochemicals Group's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	26.302	/ (	(2.807	+	1.551)	/	2 )
=	26.302	/	2.179
=	12.07

Titan Petrochemicals Group's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	6.058	/ (	(1.551	+	4.608)	/	2 )
=	6.058	/	3.0795
=	1.97

Titan Petrochemicals Group (FRA:TIP1) 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.

Titan Petrochemicals Group's Days Inventory for the six months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	3.0795	/	6.058	*	365 / 2
	=	92.77

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.

Titan Petrochemicals Group's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	3.0795	/	8.198
	=	0.38

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.

Titan Petrochemicals Group Inventory Turnover Related Terms

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Titan Petrochemicals Group (FRA:TIP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Titan Petrochemicals Group Ltd (FRA:TIP1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

303 Hennessy Road, Room 802, 8th Floor, OfficePlus@Wan Chai, Wanchai, Hong Kong, HKG

Website

http://www.petrotitan.com

Titan Petrochemicals Group Ltd is principally engaged in the business of construction and repair of the ship, and upstream and downstream oil and gas business. It is also engaged in providing logistics, transportation, distribution, and marine services for petrochemical products in the Asia Pacific region. It operates through two business units: Trading of commodities; and Shipbuilding, ship repairing and manufacturing of steel structure. It earns all its revenues from China.

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