Puma SE (MIL:1PUM) Inventory Turnover : 0.64 (As of Sep. 2024)

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What is Puma SE 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. Puma SE's Cost of Goods Sold for the three months ended in Sep. 2024 was €1,203 Mil. Puma SE's Average Total Inventories for the quarter that ended in Sep. 2024 was €1,886 Mil. Puma SE's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Puma SE's Days Inventory for the three months ended in Sep. 2024 was 143.11.

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. Puma SE's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.82.

Puma SE Inventory Turnover Historical Data

The historical data trend for Puma SE'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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Puma SE Inventory Turnover Chart

Puma SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.78

2.47

2.72

2.46

2.28

Puma SE 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															0.61	0.57	0.62	0.60	0.64

Puma SE Inventory Turnover Calculation

Puma SE'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 )
=	4615.1	/ (	(2241.9	+	1801.5)	/	2 )
=	4615.1	/	2021.7
=	2.28

Puma SE'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 )
=	1202.7	/ (	(1961.1	+	1811.3)	/	2 )
=	1202.7	/	1886.2
=	0.64

Puma SE (MIL:1PUM) 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.

Puma SE'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
	=	1886.2	/	1202.7	*	365 / 4
	=	143.11

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.

Puma SE'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 )
	=	1886.2	/	2308.2
	=	0.82

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.

Puma SE Inventory Turnover Related Terms

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Puma SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Puma SE (MIL:1PUM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PUMSY:USA PMMAF:USA PUMd:UK 0NQE:UK PUM:Germany PUM:Austria

Address

Puma Way 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.puma.com

Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (53% of 2023 sales) is its largest category, followed by apparel (32%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (75% in 2023) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (40% of 2023 sales), the Americas (39%), and Asia-Pacific (21%).

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