Schaeffler AG (LTS:0RBK) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is Schaeffler 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. Schaeffler AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,999 Mil. Schaeffler AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €2,968 Mil. Schaeffler AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schaeffler AG's Days Inventory for the three months ended in Mar. 2024 was 90.29.

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. Schaeffler AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Schaeffler AG Inventory Turnover Historical Data

The historical data trend for Schaeffler 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.

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Schaeffler AG Inventory Turnover Chart

Schaeffler AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.03

4.85

4.77

4.63

4.54

Schaeffler AG 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															1.11	1.06	1.06	1.11	1.01

Schaeffler AG Inventory Turnover Calculation

Schaeffler 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 )
=	12717	/ (	(2792	+	2808)	/	2 )
=	12717	/	2800
=	4.54

Schaeffler AG'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 )
=	2999	/ (	(2808	+	3127)	/	2 )
=	2999	/	2967.5
=	1.01

Schaeffler AG (LTS:0RBK) 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.

Schaeffler AG'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
	=	2967.5	/	2999	*	365 / 4
	=	90.29

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.

Schaeffler AG'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 )
	=	2967.5	/	4085
	=	0.73

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.

Schaeffler AG Inventory Turnover Related Terms

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Schaeffler AG (LTS:0RBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaeffler AG (LTS:0RBK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SCFLF:USA 1SHA:Italy SHAd:UK SHA:Germany SHA:Austria

Address

Industriestrasse 1-3, Herzogenaurach, BY, DEU, 91074

Website

https://www.schaeffler.com

Schaeffler AG is an automotive and industrial supplier. The company's business is managed based on three divisions: Automotive Technologies, Automotive Aftermarket, and Industrial. The Automotive Technologies division organizes its business in the Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems business divisions. The industrial division distributes components and systems for rotary and linear movements as well as services for a wide range of industrial sectors. The Automotive Aftermarket division is responsible for business with spare vehicle parts. Its Automotive Technologies generates revenue. Its geographical segments are Europe, the Americas, Greater China, and Asia-Pacific.

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