Elton /R (FRA:Y1O) Inventory Turnover : 2.40 (As of Jun. 2024)

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What is Elton /R 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. Elton /R's Cost of Goods Sold for the six months ended in Jun. 2024 was €68.5 Mil. Elton /R's Average Total Inventories for the quarter that ended in Jun. 2024 was €28.6 Mil. Elton /R's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elton /R's Days Inventory for the six months ended in Jun. 2024 was 76.13.

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. Elton /R's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.35.

Elton /R Inventory Turnover Historical Data

The historical data trend for Elton /R'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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Elton /R Inventory Turnover Chart

Elton /R Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.76

4.60

5.08

4.82

4.54

Elton /R Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial						2.43	1.95	2.32	2.37	2.40

Elton /R Inventory Turnover Calculation

Elton /R'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 )
=	150.489	/ (	(39.028	+	27.247)	/	2 )
=	150.489	/	33.1375
=	4.54

Elton /R'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 )
=	68.459	/ (	(27.247	+	29.871)	/	2 )
=	68.459	/	28.559
=	2.40

Elton /R (FRA:Y1O) 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.

Elton /R'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
	=	28.559	/	68.459	*	365 / 2
	=	76.13

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.

Elton /R'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 )
	=	28.559	/	81.752
	=	0.35

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.

Elton /R Inventory Turnover Related Terms

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Elton /R Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elton SA /R (FRA:Y1O) » Definitions » Inventory Turnover

Traded in Other Exchanges

ELTON:Greece

Address

Draseza Place, Industrial Park, Avlonas, Attica, GRC, 19011

Website

http://www.elton.gr

Elton SA /R is engaged in chemical ingredients distribution market & provides industrial solutions. The company covers Agrochemicals Animal Nutrition and Health, Food and Beverage, Cosmetics Pharma Household, Paints, Coatings, Construction materials, Textiles Chemical reagents and Lab equipment, Water treatment, Metal treatment, Paper treatment Candles, Lubricants, Plastics Raw materials for tires and Refrigerants. It also covers a range of industrial activities, to expand its network coverage and portfolio offering, but also to provide full up-to-date technical support and scientific information, elaborating its customers to create best products and results.

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