Friedrich Vorwerk Group SE (Friedrich Vorwerk Group SE) Inventory Turnover : 6.90 (As of Dec. 2023)

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What is Friedrich Vorwerk Group SE 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. Friedrich Vorwerk Group SE's Cost of Goods Sold for the three months ended in Dec. 2023 was $58.1 Mil. Friedrich Vorwerk Group SE's Average Total Inventories for the quarter that ended in Dec. 2023 was $8.4 Mil. Friedrich Vorwerk Group SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Friedrich Vorwerk Group SE's Days Inventory for the three months ended in Dec. 2023 was 13.22.

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. Friedrich Vorwerk Group SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Friedrich Vorwerk Group SE Inventory Turnover Historical Data

The historical data trend for Friedrich Vorwerk Group SE'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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Friedrich Vorwerk Group SE Inventory Turnover Chart

Friedrich Vorwerk Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

23.90

33.36

20.98

24.24

24.83

Friedrich Vorwerk Group SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												7.04	3.78	4.62	7.34	6.90

Friedrich Vorwerk Group SE Inventory Turnover Calculation

Friedrich Vorwerk Group SE'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 )
=	233.146	/ (	(10.874	+	7.904)	/	2 )
=	233.146	/	9.389
=	24.83

Friedrich Vorwerk Group SE's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	58.067	/ (	(8.926	+	7.904)	/	2 )
=	58.067	/	8.415
=	6.90

Friedrich Vorwerk Group SE (OTCPK:FRVWY) 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.

Friedrich Vorwerk Group SE's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	8.415	/	58.067	*	365 / 4
	=	13.22

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.

Friedrich Vorwerk Group SE's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	8.415	/	107.104
	=	0.08

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.

Friedrich Vorwerk Group SE Inventory Turnover Related Terms

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Friedrich Vorwerk Group SE (Friedrich Vorwerk Group SE) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VH2:Germany

Address

Niedersachsenstrasse 19-21, Tostedt, DEU, 21255

Website

https://www.friedrich-vorwerk.de

Friedrich Vorwerk Group SE is a driver of the European energy transition. It has four segments Natural Gas segment, which is the key revenue driver, comprises the transport and conversion of raw natural gas into treated natural gas, Electricity segment provides infrastructure for the underground transport and conversion of electricity, which is generated from non-fossil energy sources such as wind, solar, hydro, and regenerative resources, Clean Hydrogen segment comprises the conversion of energy from energy sources into clean hydrogen and its transportation to consumers, Adjacent Opportunities segment concentrates on the related turnkey technologies, and the majority of its revenue comes from Adjacent Opportunities.

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