Metlen Energy & Metals (STU:MYH) Inventory Turnover : 1.45 (As of Jun. 2024)

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What is Metlen Energy & Metals 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. Metlen Energy & Metals's Cost of Goods Sold for the six months ended in Jun. 2024 was €2,068 Mil. Metlen Energy & Metals's Average Total Inventories for the quarter that ended in Jun. 2024 was €1,423 Mil. Metlen Energy & Metals's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Metlen Energy & Metals's Days Inventory for the six months ended in Jun. 2024 was 125.57.

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. Metlen Energy & Metals's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.57.

Metlen Energy & Metals Inventory Turnover Historical Data

The historical data trend for Metlen Energy & Metals'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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Metlen Energy & Metals Inventory Turnover Chart

Metlen Energy & Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.64

6.18

6.06

8.16

4.15

Metlen Energy & Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															3.46	4.80	2.31	2.08	1.45

Metlen Energy & Metals Inventory Turnover Calculation

Metlen Energy & Metals'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 )
=	4510.625	/ (	(840.364	+	1335.339)	/	2 )
=	4510.625	/	1087.8515
=	4.15

Metlen Energy & Metals's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2067.895	/ (	(1335.339	+	1510.334)	/	2 )
=	2067.895	/	1422.8365
=	1.45

Metlen Energy & Metals (STU:MYH) 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.

Metlen Energy & Metals's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1422.8365	/	2067.895	*	365 / 2
	=	125.57

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.

Metlen Energy & Metals's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1422.8365	/	2482.046
	=	0.57

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.

Metlen Energy & Metals Inventory Turnover Related Terms

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Metlen Energy & Metals Business Description

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MYTHY:USA MYTIL:Greece 0KAZ:UK

Address

8 Artemidos Street, Maroussi, Athens, GRC, 151 25

Website

https://www.mytilineos.gr

Mytilineos SA is a leading industrial and energy company with an international presence in all five continents. The company's business segments include Metallurgy, Sustainable Engineering Solutions, Power and Gas, and International Renewables and Storage Development. Maximum revenue is generated from the power and gas sector. Geographically, it derives a majority of its revenue from Hellas.

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