Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Inventory Turnover : 1.89 (As of Mar. 2013)

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What is Coca-Cola Hellenic Bottling Company S.A. 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. Coca-Cola Hellenic Bottling Company S.A.'s Cost of Goods Sold for the three months ended in Mar. 2013 was €952 Mil. Coca-Cola Hellenic Bottling Company S.A.'s Average Total Inventories for the quarter that ended in Mar. 2013 was €504 Mil. Coca-Cola Hellenic Bottling Company S.A.'s Inventory Turnover for the quarter that ended in Mar. 2013 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coca-Cola Hellenic Bottling Company S.A.'s Days Inventory for the three months ended in Mar. 2013 was 48.35.

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. Coca-Cola Hellenic Bottling Company S.A.'s Inventory-to-Revenue for the quarter that ended in Mar. 2013 was 0.35.

Coca-Cola Hellenic Bottling Company S.A. Inventory Turnover Historical Data

The historical data trend for Coca-Cola Hellenic Bottling Company S.A.'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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Coca-Cola Hellenic Bottling Company S.A. Inventory Turnover Chart

Coca-Cola Hellenic Bottling Company S.A. Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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8.74

8.67

8.93

9.13

9.94

Coca-Cola Hellenic Bottling Company S.A. Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Inventory Turnover	Get a 7-Day Free Trial															1.89	2.16	2.23	2.12	1.89

Coca-Cola Hellenic Bottling Company S.A. Inventory Turnover Calculation

Coca-Cola Hellenic Bottling Company S.A.'s Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	4522.2	/ (	(451.5	+	458)	/	2 )
=	4522.2	/	454.75
=	9.94

Coca-Cola Hellenic Bottling Company S.A.'s Inventory Turnover for the quarter that ended in Mar. 2013 is calculated as

	Inventory Turnover (Q: Mar. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2013 )	/ (	(Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Mar. 2013 ))	/	count )
=	951.5	/ (	(458	+	550.4)	/	2 )
=	951.5	/	504.2
=	1.89

Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) 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.

Coca-Cola Hellenic Bottling Company S.A.'s Days Inventory for the three months ended in Mar. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2013 )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
	=	504.2	/	951.5	*	365 / 4
	=	48.35

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.

Coca-Cola Hellenic Bottling Company S.A.'s Inventory to Revenue for the quarter that ended in Mar. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2013 )	/	Revenue (Q: Mar. 2013 )
	=	504.2	/	1431.9
	=	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.

Coca-Cola Hellenic Bottling Company S.A. Inventory Turnover Related Terms

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Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) » Definitions » Inventory Turnover

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Coca-Cola Hellenic Bottling Company S.A. was incorporated in Greece and founded in 1969. It took its current form in August 2000 through the acquisition of the Coca-Cola Beverages PLC by Hellenic Bottling Company S.A. The Company is headquartered in Athens. Its two major shareholders are the Kar-Tess Holding S.A., a private holding company, and The Coca-Cola Company. The Company and its subsidiaries are primarily engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company distributes its products in 27 countries in Europe and Nigeria. The Company has one business, being the production, sale and distribution of non-alcoholic, ready-to-drink beverages. The Company operates in 28 such as Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russia, Serbia and Ukraine. The Company is licensed to produce, sell and distribute a range of beverages. The Coca-Cola Company owns the trademarks for most of these. It supplies the concentrates and is largely responsible for consumer marketing. The Company's product portfolio consists of the world-leading brands Coca-Cola, Coca-Cola Light (diet Coke), Fanta and Sprite brands that it owns manufactures and distributes, including Amita, Avra, Deep RiverRock and Fruice brands licensed by other companies, such as Nestea and Monster. The Company produces, markets and sells its customers valuable brands, in addition to the 136 brands. In 2012, sparkling beverages of The Coca-Cola Company accounted for 62% of its sales volume, low calorie sparkling beverages accounted for 6%, while still and water beverages accounted for approximately 32% of its sales volume. With more than 30 water brands in its portfolio, it focuses on generating value through the 'on-the-go' or immediate consumption occasion.