The Israel (The Israel) Inventory Turnover : 0.71 (As of Mar. 2024)

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What is The Israel 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. The Israel's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,179 Mil. The Israel's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,667 Mil. The Israel's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Israel's Days Inventory for the three months ended in Mar. 2024 was 128.98.

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. The Israel's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

The Israel Inventory Turnover Historical Data

The historical data trend for The Israel'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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The Israel Inventory Turnover Chart

The Israel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.66

2.78

3.08

2.69

2.54

The Israel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.60	0.58	0.69	0.66	0.71

The Israel Inventory Turnover Calculation

The Israel'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 )
=	4869	/ (	(2134	+	1703)	/	2 )
=	4869	/	1918.5
=	2.54

The Israel's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1179	/ (	(1703	+	1630)	/	2 )
=	1179	/	1666.5
=	0.71

The Israel (OTCPK:IRLCF) 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.

The Israel's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1666.5	/	1179	*	365 / 4
	=	128.98

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.

The Israel's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1666.5	/	1735
	=	0.96

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.

The Israel Inventory Turnover Related Terms

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The Israel (The Israel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » The Israel Corp Ltd (OTCPK:IRLCF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ILCO:Israel

Address

23 Aranha Street, P.O. Box 20456, Millennium Tower, Tel Aviv, ISR, 61204

Website

http://www.israelcorp.com

The Israel Corp Ltd is a holding company that provides focused exposure to mature assets in the natural resources industry. Operations are conducted through two affiliates: Israel Chemicals and the Bazan Group. It generates maximum revenue from the Israel Chemicals segment. Geographically, it derives a majority of revenue from Israel and also has a presence in Europe; North America; Asia; South America and other countries.