Grupa Azoty (WAR:ATT) Inventory Turnover : 1.40 (As of Sep. 2024)

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What is Grupa Azoty 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. Grupa Azoty's Cost of Goods Sold for the three months ended in Sep. 2024 was zł2,912 Mil. Grupa Azoty's Average Total Inventories for the quarter that ended in Sep. 2024 was zł2,081 Mil. Grupa Azoty's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupa Azoty's Days Inventory for the three months ended in Sep. 2024 was 65.22.

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. Grupa Azoty's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.67.

Grupa Azoty Inventory Turnover Historical Data

The historical data trend for Grupa Azoty'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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Grupa Azoty Inventory Turnover Chart

Grupa Azoty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.56

5.21

6.67

7.20

4.68

Grupa Azoty 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															1.34	1.17	1.33	1.46	1.40

Grupa Azoty Inventory Turnover Calculation

Grupa Azoty'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 )
=	13833.787	/ (	(3444.385	+	2469.246)	/	2 )
=	13833.787	/	2956.8155
=	4.68

Grupa Azoty'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 )
=	2911.772	/ (	(2067.66	+	2094.79)	/	2 )
=	2911.772	/	2081.225
=	1.40

Grupa Azoty (WAR:ATT) 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.

Grupa Azoty'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
	=	2081.225	/	2911.772	*	365 / 4
	=	65.22

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.

Grupa Azoty'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 )
	=	2081.225	/	3085.251
	=	0.67

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.

Grupa Azoty Inventory Turnover Related Terms

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Grupa Azoty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Grupa Azoty SA (WAR:ATT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5PL:Germany

Address

ul. Kwiatkowskiego 8, Tarnow, POL, 33-101

Website

https://www.grupaazoty.com

Grupa Azoty SA is a holding company, which through its subsidiaries, produces and sells chemicals, plastics, fertilizers, titanium, and extracts sulfur products. The firm organizes itself into five segments based on the product type. The Agro fertilizer segment, which generates the majority of revenue, sells fertilizers and agrochemicals. The Plastics segment sells a variety of plastic products to the automotive, construction, food, and textile industries. The Energy segment produces and sells electricity. The Chemicals segment sells oxo alcohols and other chemicals and its other segment comprises activities such as laboratory services, property rental, and other activities.