CTS Eventim AG. KGaA (LTS:0EEE) Inventory Turnover : 49.41 (As of Sep. 2024)

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What is CTS Eventim AG. KGaA 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. CTS Eventim AG. KGaA's Cost of Goods Sold for the three months ended in Sep. 2024 was €648 Mil. CTS Eventim AG. KGaA's Average Total Inventories for the quarter that ended in Sep. 2024 was €13 Mil. CTS Eventim AG. KGaA's Inventory Turnover for the quarter that ended in Sep. 2024 was 49.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTS Eventim AG. KGaA's Days Inventory for the three months ended in Sep. 2024 was 1.85.

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. CTS Eventim AG. KGaA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

CTS Eventim AG. KGaA Inventory Turnover Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA Inventory Turnover Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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189.01

47.82

69.24

302.62

182.17

CTS Eventim AG. KGaA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															47.65	30.25	19.49	47.90	49.41

CTS Eventim AG. KGaA Inventory Turnover Calculation

CTS Eventim AG. KGaA'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 )
=	1755.395	/ (	(5.027	+	14.245)	/	2 )
=	1755.395	/	9.636
=	182.17

CTS Eventim AG. KGaA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	647.502	/ (	(12.939	+	13.273)	/	2 )
=	647.502	/	13.106
=	49.41

CTS Eventim AG. KGaA (LTS:0EEE) 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.

CTS Eventim AG. KGaA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	13.106	/	647.502	*	365 / 4
	=	1.85

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.

CTS Eventim AG. KGaA's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	13.106	/	825.031
	=	0.02

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.

CTS Eventim AG. KGaA Inventory Turnover Related Terms

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CTS Eventim AG. KGaA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (LTS:0EEE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CEVMY:USA CEVMF:USA EVDd:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, and theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

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