Jungheinrich AG (Jungheinrich AG) Inventory Turnover : 2.07 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Jungheinrich AG 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. Jungheinrich AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,192 Mil. Jungheinrich AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,060 Mil. Jungheinrich AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jungheinrich AG's Days Inventory for the six months ended in Dec. 2023 was 88.24.

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. Jungheinrich AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Jungheinrich AG Inventory Turnover Historical Data

The historical data trend for Jungheinrich AG'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.

* Premium members only.

Jungheinrich AG Inventory Turnover Chart

Jungheinrich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.96

5.12

4.48

3.76

4.19

Jungheinrich AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.16	1.69	1.80	1.82	2.07

Jungheinrich AG Inventory Turnover Calculation

Jungheinrich AG'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 )
=	4168.326	/ (	(1013.489	+	974.941)	/	2 )
=	4168.326	/	994.215
=	4.19

Jungheinrich AG'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2192.317	/ (	(1144.962	+	974.941)	/	2 )
=	2192.317	/	1059.9515
=	2.07

Jungheinrich AG (OTCPK:JGHAF) 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.

Jungheinrich AG's Days Inventory for the six 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
	=	1059.9515	/	2192.317	*	365 / 2
	=	88.24

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.

Jungheinrich AG'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 )
	=	1059.9515	/	3149.277
	=	0.34

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.

Jungheinrich AG Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Jungheinrich AG's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jungheinrich AG (Jungheinrich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jungheinrich AG (OTCPK:JGHAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0EXP:UK JUN3:Germany JUN3:Austria

Address

Friedrich-Ebert-Damm 129, Hamburg, DEU, 22047

Website

https://www.jungheinrich.com

Jungheinrich is Europe's second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of Jungheinrich remains in his descendants' hands through special voting shares. Globally, Jungheinrich ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

Jungheinrich AG (Jungheinrich AG) Headlines

No Headlines