METRO AG (STU:B4B) Inventory Turnover : 2.82 (As of Sep. 2023)

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What is METRO 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. METRO AG's Cost of Goods Sold for the three months ended in Sep. 2023 was €6,645 Mil. METRO AG's Average Total Inventories for the quarter that ended in Sep. 2023 was €2,355 Mil. METRO AG's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. METRO AG's Days Inventory for the three months ended in Sep. 2023 was 32.33.

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. METRO AG's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.30.

METRO AG Inventory Turnover Historical Data

The historical data trend for METRO 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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METRO AG Inventory Turnover Chart

METRO AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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11.16

11.26

10.74

11.19

10.93

METRO AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.65	2.63	2.21	2.51	2.82

METRO AG Inventory Turnover Calculation

METRO AG'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 )
=	25668	/ (	(2455	+	2242)	/	2 )
=	25668	/	2348.5
=	10.93

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	6645	/ (	(2467	+	2242)	/	2 )
=	6645	/	2354.5
=	2.82

METRO AG (STU:B4B) 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.

METRO AG's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2354.5	/	6645	*	365 / 4
	=	32.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2354.5	/	7904
	=	0.30

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.

METRO AG Inventory Turnover Related Terms

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METRO AG (STU:B4B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » METRO AG (STU:B4B) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0RTE:UK B4B:Germany MEO:Austria

Address

Metro-Strasse 1, Dusseldorf, NW, DEU, 40235

Website

https://www.metroag.de

METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.

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