Comelf (LTS:0KXW) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is Comelf 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. Comelf's Cost of Goods Sold for the three months ended in Mar. 2024 was lei18.8 Mil. Comelf's Average Total Inventories for the quarter that ended in Mar. 2024 was lei20.3 Mil. Comelf's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comelf's Days Inventory for the three months ended in Mar. 2024 was 98.53.

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. Comelf's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Comelf Inventory Turnover Historical Data

The historical data trend for Comelf'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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Comelf Inventory Turnover Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.96

7.62

7.54

3.98

3.13

Comelf 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															0.79	0.74	0.85	0.71	0.93

Comelf Inventory Turnover Calculation

Comelf'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 )
=	88.37	/ (	(35.019	+	21.474)	/	2 )
=	88.37	/	28.2465
=	3.13

Comelf'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 )
=	18.826	/ (	(21.474	+	19.181)	/	2 )
=	18.826	/	20.3275
=	0.93

Comelf (LTS:0KXW) 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.

Comelf'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
	=	20.3275	/	18.826	*	365 / 4
	=	98.53

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.

Comelf'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 )
	=	20.3275	/	40.874
	=	0.50

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.

Comelf Inventory Turnover Related Terms

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Comelf (LTS:0KXW) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (LTS:0KXW) » Definitions » Inventory Turnover

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CMF:Romania

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting and transportation equipment, including their sub assemblies, steel structures, weapons ammunition, road transport vehicles and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tank, Equipment for wastewater treatment and others. Its segments consist of Factory of stainless steel products(FPI), Factory for Earth Moving Machinery and Equipment, Bag Filters and Electrostatic Precipitators(FUET) and Factory for Earth Moving Machines and Components(TERRA). The majority of its revenue is generated outside Romania.

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