Stara Planina Holding AD (LTS:0O2S) Inventory Turnover : 0.64 (As of Mar. 2024)

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What is Stara Planina Holding AD 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. Stara Planina Holding AD's Cost of Goods Sold for the three months ended in Mar. 2024 was лв37.0 Mil. Stara Planina Holding AD's Average Total Inventories for the quarter that ended in Mar. 2024 was лв57.9 Mil. Stara Planina Holding AD's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stara Planina Holding AD's Days Inventory for the three months ended in Mar. 2024 was 142.77.

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. Stara Planina Holding AD's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Stara Planina Holding AD Inventory Turnover Historical Data

The historical data trend for Stara Planina Holding AD'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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Stara Planina Holding AD Inventory Turnover Chart

Stara Planina Holding AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.21

2.91

3.74

4.06

3.51

Stara Planina Holding AD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.85	0.97	0.47	1.08	0.64

Stara Planina Holding AD Inventory Turnover Calculation

Stara Planina Holding AD'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 )
=	214.821	/ (	(64.39	+	57.898)	/	2 )
=	214.821	/	61.144
=	3.51

Stara Planina Holding AD'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 )
=	37.006	/ (	(57.898	+	0)	/	1 )
=	37.006	/	57.898
=	0.64

Stara Planina Holding AD (LTS:0O2S) 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.

Stara Planina Holding AD'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
	=	57.898	/	37.006	*	365 / 4
	=	142.77

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.

Stara Planina Holding AD'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 )
	=	57.898	/	75.251
	=	0.77

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.

Stara Planina Holding AD Inventory Turnover Related Terms

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Stara Planina Holding AD (LTS:0O2S) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stara Planina Holding AD (LTS:0O2S) » Definitions » Inventory Turnover

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SPH:Bulgaria

Address

20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113

Website

https://www.sphold.com

Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation and sale of shareholdings in Bulgarian and foreign companies; acquisition, management and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry and Financial.

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