Materialise NV (Materialise NV) Inventory Turnover : 1.66 (As of Mar. 2024)

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What is Materialise NV 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. Materialise NV's Cost of Goods Sold for the three months ended in Mar. 2024 was $30.1 Mil. Materialise NV's Average Total Inventories for the quarter that ended in Mar. 2024 was $18.2 Mil. Materialise NV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Materialise NV's Days Inventory for the three months ended in Mar. 2024 was 55.11.

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. Materialise NV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.26.

Materialise NV Inventory Turnover Historical Data

The historical data trend for Materialise NV'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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Materialise NV Inventory Turnover Chart

Materialise NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.07

7.48

8.39

7.66

7.07

Materialise NV 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															1.87	1.76	1.60	1.69	1.66

Materialise NV Inventory Turnover Calculation

Materialise NV'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 )
=	121.044	/ (	(16.354	+	17.881)	/	2 )
=	121.044	/	17.1175
=	7.07

Materialise NV'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 )
=	30.111	/ (	(17.881	+	18.492)	/	2 )
=	30.111	/	18.1865
=	1.66

Materialise NV (NAS:MTLS) 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.

Materialise NV'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
	=	18.1865	/	30.111	*	365 / 4
	=	55.11

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.

Materialise NV'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 )
	=	18.1865	/	69.171
	=	0.26

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.

Materialise NV Inventory Turnover Related Terms

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Materialise NV (Materialise NV) Business Description

Industry

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Traded in Other Exchanges

06MA:Germany 06MA:Germany

Address

Technologielaan 15, Leuven, BEL, 3001

Website

https://www.materialise.com

Materialise NV is a provider of 3D printing services. The products and services of the group are organized in the three segments: Medical segment, which develops and delivers medical software solutions, medical devices, and other related products and services; Software segment, which develops and delivers additive manufacturing software solutions and related services; and Manufacturing segment, which delivers 3D printed products and related services. Its geographical segments are the United States, the Americas (excluding the USA), Belgium, Germany, France, Switzerland, the United Kingdom, Italy, Netherlands, Other Europe, and the Asia Pacific.