Sartorius Stedim Biotech (LTS:0RG8) Inventory Turnover : 0.49 (As of Sep. 2024)

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What is Sartorius Stedim Biotech 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. Sartorius Stedim Biotech's Cost of Goods Sold for the three months ended in Sep. 2024 was €380 Mil. Sartorius Stedim Biotech's Average Total Inventories for the quarter that ended in Sep. 2024 was €771 Mil. Sartorius Stedim Biotech's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sartorius Stedim Biotech's Days Inventory for the three months ended in Sep. 2024 was 185.29.

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. Sartorius Stedim Biotech's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.18.

Sartorius Stedim Biotech Inventory Turnover Historical Data

The historical data trend for Sartorius Stedim Biotech'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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Sartorius Stedim Biotech Inventory Turnover Chart

Sartorius Stedim Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.38

2.27

2.13

1.85

1.62

Sartorius Stedim Biotech Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.36	0.39	0.44	0.48	0.49

Sartorius Stedim Biotech Inventory Turnover Calculation

Sartorius Stedim Biotech'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 )
=	1542	/ (	(1024.8	+	882.4)	/	2 )
=	1542	/	953.6
=	1.62

Sartorius Stedim Biotech'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 )
=	379.9	/ (	(797.1	+	745.7)	/	2 )
=	379.9	/	771.4
=	0.49

Sartorius Stedim Biotech (LTS:0RG8) 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.

Sartorius Stedim Biotech'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
	=	771.4	/	379.9	*	365 / 4
	=	185.29

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.

Sartorius Stedim Biotech'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 )
	=	771.4	/	655.4
	=	1.18

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.

Sartorius Stedim Biotech Inventory Turnover Related Terms

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Sartorius Stedim Biotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sartorius Stedim Biotech SA (LTS:0RG8) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SRTOY:USA SDMHF:USA DIMp:UK DIM:France 56S1:Germany DIM:Austria

Address

Otto-Brenner-Strasse 20, Goettingen, DEU, 37079

Website

https://www.sartorius.com

Sartorius Stedim Biotech, or SSB, is a leading provider of bioprocessing solutions. Its sells equipment and consumables for fermentation, filtration, fluid management, purification, and cell culture media for manufacturing biologic drugs, and has a focus on single-use technology, or SUT. It is a subsidiary of Sartorius AG, which has a 74% ownership and 85% voting control. The business is geographically diverse.

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