Agfa-Gevaert NV (STU:AGE) Inventory Turnover : 0.53 (As of Mar. 2024)

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What is Agfa-Gevaert 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. Agfa-Gevaert NV's Cost of Goods Sold for the three months ended in Mar. 2024 was €175.0 Mil. Agfa-Gevaert NV's Average Total Inventories for the quarter that ended in Mar. 2024 was €330.5 Mil. Agfa-Gevaert NV's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agfa-Gevaert NV's Days Inventory for the three months ended in Mar. 2024 was 172.33.

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. Agfa-Gevaert NV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.32.

Agfa-Gevaert NV Inventory Turnover Historical Data

The historical data trend for Agfa-Gevaert 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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Agfa-Gevaert NV Inventory Turnover Chart

Agfa-Gevaert NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.06

2.97

2.95

3.13

2.94

Agfa-Gevaert NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.44	0.44	0.56	0.56	0.53

Agfa-Gevaert NV Inventory Turnover Calculation

Agfa-Gevaert NV's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1329	/ (	(418	+	487)	/	2 )
=	1329	/	452.5
=	2.94

Agfa-Gevaert 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	175	/ (	(337	+	324)	/	2 )
=	175	/	330.5
=	0.53

Agfa-Gevaert NV (STU:AGE) 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.

Agfa-Gevaert 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
	=	330.5	/	175	*	365 / 4
	=	172.33

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.

Agfa-Gevaert 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 )
	=	330.5	/	250
	=	1.32

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.

Agfa-Gevaert NV Inventory Turnover Related Terms

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Agfa-Gevaert NV (STU:AGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Agfa-Gevaert NV (STU:AGE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

AFGVY:USA AFGVF:USA 0MFU:UK AGE:Germany AGFB:Belgium

Address

Septestraat 27, Mortsel, BEL, B-2640

Website

https://www.agfa.com

Agfa-Gevaert NV develops, produces, and distributes a range of analog and digital imaging systems and information technology solutions, for the printing sector, healthcare sector, and specific industrial applications. The company's operating segment includes Offset Solutions; Digital Print and Chemicals; Radiology Solutions and Healthcare IT. It generates maximum revenue from the Offset Solutions segment. The Offset Solutions division is a supplier to the offset printing industry, offering commercial, newspaper, and packaging printers and an extensive range of integrated prepress and printing solutions.