TKAMY (thyssenkrupp AG) Inventory Turnover : 1.16 (As of Sep. 2024)

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What is thyssenkrupp 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. thyssenkrupp AG's Cost of Goods Sold for the three months ended in Sep. 2024 was $9,607 Mil. thyssenkrupp AG's Average Total Inventories for the quarter that ended in Sep. 2024 was $8,298 Mil. thyssenkrupp AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. thyssenkrupp AG's Days Inventory for the three months ended in Sep. 2024 was 78.82.

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. thyssenkrupp AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.85.

thyssenkrupp AG Inventory Turnover Historical Data

The historical data trend for thyssenkrupp 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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thyssenkrupp AG Inventory Turnover Chart

thyssenkrupp AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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4.42

4.55

4.09

4.41

4.37

thyssenkrupp AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.19	0.96	1.00	0.99	1.16

thyssenkrupp AG Inventory Turnover Calculation

thyssenkrupp AG's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	35291.898	/ (	(8060.832	+	8084.351)	/	2 )
=	35291.898	/	8072.5915
=	4.37

thyssenkrupp AG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	9607.103	/ (	(8512.379	+	8084.351)	/	2 )
=	9607.103	/	8298.365
=	1.16

thyssenkrupp AG (OTCPK:TKAMY) 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.

thyssenkrupp AG's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	8298.365	/	9607.103	*	365 / 4
	=	78.82

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.

thyssenkrupp AG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	8298.365	/	9778.024
	=	0.85

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.

thyssenkrupp AG Inventory Turnover Related Terms

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thyssenkrupp AG Business Description

Industry

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Traded in Other Exchanges

TYEKF:USA 1TKA:Italy THYSSENKRUPP:Hungary TKAd:UK 0O1C:UK TKA:Germany TKA:Bulgaria TKR:Austria

Address

ThyssenKrupp Allee 1, Essen, NW, DEU, 45143

Website

https://www.thyssenkrupp.com

thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automative Technology, Steel Europe, Marine System. Automotive Technology is one of the German supplier and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius and the majority investment thyssenkrupp nucera. Material Services includes distribution of mill-independent materials distributors and service. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. Revenue from Materials Services.