Elior Group (STU:21E) Inventory Turnover : 24.83 (As of Mar. 2024)

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What is Elior Group 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. Elior Group's Cost of Goods Sold for the six months ended in Mar. 2024 was €2,582 Mil. Elior Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €104 Mil. Elior Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 24.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elior Group's Days Inventory for the six months ended in Mar. 2024 was 7.35.

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. Elior Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Elior Group Inventory Turnover Historical Data

The historical data trend for Elior Group'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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Elior Group Inventory Turnover Chart

Elior Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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35.34

34.33

31.58

38.90

43.00

Elior Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															18.97	18.86	20.69	22.08	24.83

Elior Group Inventory Turnover Calculation

Elior Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	4429	/ (	(99	+	107)	/	2 )
=	4429	/	103
=	43.00

Elior Group'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2582	/ (	(107	+	101)	/	2 )
=	2582	/	104
=	24.83

Elior Group (STU:21E) 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.

Elior Group's Days Inventory for the six 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
	=	104	/	2582	*	365 / 2
	=	7.35

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.

Elior Group'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 )
	=	104	/	3123
	=	0.03

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.

Elior Group Inventory Turnover Related Terms

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Elior Group (STU:21E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Elior Group SA (STU:21E) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ELIORp:UK 0QVP:UK ELIOR:France 21E:Germany

Address

9-11 allee de l’Arche, Paris La Defense, FRA, 92032

Website

https://www.eliorgroup.com

Elior Group SA operates in the contracted food and support services industry. It provides catering services to business, education, health, and travel industries. Its business is divided into concession catering and contract catering. It has developed and promoted brands such as Elior, Elior services, Areas, Gemeaz, Serunion, etc. The firm mainly operates in France, Italy, the United States, Spain, and the United Kingdom.

Elior Group (STU:21E) Headlines

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