Palfinger AG (Palfinger AG) Inventory Turnover : 1.46 (As of Dec. 2023)

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What is Palfinger 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. Palfinger AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,000 Mil. Palfinger AG's Average Total Inventories for the quarter that ended in Dec. 2023 was $684 Mil. Palfinger AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Palfinger AG's Days Inventory for the six months ended in Dec. 2023 was 124.83.

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. Palfinger AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Palfinger AG Inventory Turnover Historical Data

The historical data trend for Palfinger 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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Palfinger AG Inventory Turnover Chart

Palfinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.86

3.67

3.61

3.29

3.11

Palfinger AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.78	1.45	1.55	1.49	1.46

Palfinger AG Inventory Turnover Calculation

Palfinger 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 )
=	1983	/ (	(608.591	+	665.901)	/	2 )
=	1983	/	637.246
=	3.11

Palfinger AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	999.872	/ (	(701.876	+	665.901)	/	2 )
=	999.872	/	683.8885
=	1.46

Palfinger AG (OTCPK:PLFRF) 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.

Palfinger AG's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	683.8885	/	999.872	*	365 / 2
	=	124.83

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.

Palfinger AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	683.8885	/	1342.349
	=	0.51

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.

Palfinger AG Inventory Turnover Related Terms

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Palfinger AG (Palfinger AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Palfinger AG (OTCPK:PLFRF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0MJ1:UK PFI:Germany PAL:Austria

Address

Lamprechtshausener Bundesstrasse 8, Bergheim, AUT, 5101

Website

https://www.palfinger.ag

Palfinger is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales & Service and Segment Operations. Segment sales & service comprises the sales and service units. The segment operations comprise the production sites and the respective production share of the company. It earns the majority of revenue from the sales & service segment. Palfinger sells its products worldwide but segments geographically into six regions: Europe, Middle East, & Africa; North America; Latin America; Eurasia; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa region generates the majority of the company's revenue.

Palfinger AG (Palfinger AG) Headlines

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