Cognor Holding (WAR:COG) Inventory Turnover : 1.22 (As of Mar. 2024)

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What is Cognor Holding 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. Cognor Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was zł661 Mil. Cognor Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was zł540 Mil. Cognor Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cognor Holding's Days Inventory for the three months ended in Mar. 2024 was 74.63.

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. Cognor Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Cognor Holding Inventory Turnover Historical Data

The historical data trend for Cognor Holding'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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Cognor Holding Inventory Turnover Chart

Cognor Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.52

5.14

5.51

6.35

5.69

Cognor Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.41	1.28	1.07	0.80	1.22

Cognor Holding Inventory Turnover Calculation

Cognor Holding's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2772.41	/ (	(425.801	+	549.078)	/	2 )
=	2772.41	/	487.4395
=	5.69

Cognor Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	660.813	/ (	(556.255	+	524.682)	/	2 )
=	660.813	/	540.4685
=	1.22

Cognor Holding (WAR:COG) 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.

Cognor Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	540.4685	/	660.813	*	365 / 4
	=	74.63

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.

Cognor Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	540.4685	/	686.28
	=	0.79

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.

Cognor Holding Inventory Turnover Related Terms

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Cognor Holding (WAR:COG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cognor Holding SA (WAR:COG) » Definitions » Inventory Turnover

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WO9:Germany

Address

ul. Zielona 26, Kielce, POL, 25-563

Website

http://www.cognor.pl

Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

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