Enviva (FRA:XV6) Inventory Turnover : 1.38 (As of Sep. 2023)

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What is Enviva 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. Enviva's Cost of Goods Sold for the three months ended in Sep. 2023 was €251 Mil. Enviva's Average Total Inventories for the quarter that ended in Sep. 2023 was €182 Mil. Enviva's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enviva's Days Inventory for the three months ended in Sep. 2023 was 65.99.

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. Enviva's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.60.

Enviva Inventory Turnover Historical Data

The historical data trend for Enviva'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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Enviva Inventory Turnover Chart

Enviva Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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18.64

21.05

19.60

19.13

9.77

Enviva Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															3.31	2.56	1.66	1.50	1.38

Enviva Inventory Turnover Calculation

Enviva's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	982.355	/ (	(51.08	+	149.986)	/	2 )
=	982.355	/	100.533
=	9.77

Enviva's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	251.323	/ (	(183.258	+	180.242)	/	2 )
=	251.323	/	181.75
=	1.38

Enviva (FRA:XV6) 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.

Enviva's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	181.75	/	251.323	*	365 / 4
	=	65.99

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.

Enviva's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	181.75	/	300.437
	=	0.60

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.

Enviva Inventory Turnover Related Terms

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Enviva (FRA:XV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Enviva Inc (FRA:XV6) » Definitions » Inventory Turnover

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Traded in Other Exchanges

EVA:USA XV6:Germany

Address

7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814

Website

https://www.envivabiomass.com

Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

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