UMICY (Umicore) Inventory Turnover : 2.42 (As of Jun. 2024)

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What is Umicore 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. Umicore's Cost of Goods Sold for the six months ended in Jun. 2024 was $6,831 Mil. Umicore's Average Total Inventories for the quarter that ended in Jun. 2024 was $2,820 Mil. Umicore's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Umicore's Days Inventory for the six months ended in Jun. 2024 was 75.35.

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. Umicore's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.35.

Umicore Inventory Turnover Historical Data

The historical data trend for Umicore'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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Umicore Inventory Turnover Chart

Umicore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.67

7.75

7.66

7.30

5.37

Umicore 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															3.75	3.65	2.78	2.68	2.42

Umicore Inventory Turnover Calculation

Umicore'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 )
=	17971.825	/ (	(3590.648	+	3100.961)	/	2 )
=	17971.825	/	3345.8045
=	5.37

Umicore'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 )
=	6830.894	/ (	(3100.961	+	2539.828)	/	2 )
=	6830.894	/	2820.3945
=	2.42

Umicore (OTCPK:UMICY) 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.

Umicore'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
	=	2820.3945	/	6830.894	*	365 / 2
	=	75.35

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.

Umicore'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 )
	=	2820.3945	/	8015.501
	=	0.35

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.

Umicore Inventory Turnover Related Terms

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Umicore Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

UMICF:USA UMIb:UK 0RUY:UK NVJ:Germany UMI:Belgium UMI:Austria

Address

Rue du Marais 31 Broekstraat, Brussels, BEL, B-1000

Website

https://www.umicore.com

Umicore SA operations are divided into the following business groups: Catalysis, Energy & Surface Technologies and Recycling. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road & non-road vehicles. The Energy & Surface Technologies segment is focused on products that are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. The Recycling segment treats complex waste streams containing precious and other speciality metals. The majority of revenue is from the Recycling segment. Geographically, the majority is from Europe.