VISTAL Gdynia (WAR:VTL) Inventory Turnover : 4.00 (As of Sep. 2023)

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What is VISTAL Gdynia 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. VISTAL Gdynia's Cost of Goods Sold for the three months ended in Sep. 2023 was zł5.97 Mil. VISTAL Gdynia's Average Total Inventories for the quarter that ended in Sep. 2023 was zł1.49 Mil. VISTAL Gdynia's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VISTAL Gdynia's Days Inventory for the three months ended in Sep. 2023 was 22.84.

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. VISTAL Gdynia's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.20.

VISTAL Gdynia Inventory Turnover Historical Data

The historical data trend for VISTAL Gdynia'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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VISTAL Gdynia Inventory Turnover Chart

VISTAL Gdynia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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11.61

14.05

16.72

10.95

20.19

VISTAL Gdynia Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															4.29	4.08	6.31	5.13	4.00

VISTAL Gdynia Inventory Turnover Calculation

VISTAL Gdynia'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 )
=	71.84	/ (	(4.84	+	2.277)	/	2 )
=	71.84	/	3.5585
=	20.19

VISTAL Gdynia's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	5.97	/ (	(1.575	+	1.413)	/	2 )
=	5.97	/	1.494
=	4.00

VISTAL Gdynia (WAR:VTL) 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.

VISTAL Gdynia's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.494	/	5.97	*	365 / 4
	=	22.84

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.

VISTAL Gdynia's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.494	/	7.489
	=	0.20

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.

VISTAL Gdynia Inventory Turnover Related Terms

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VISTAL Gdynia Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » VISTAL Gdynia SA (WAR:VTL) » Definitions » Inventory Turnover

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Address

ul. Hutnicza 40, Gdynia, POL, 81-061

Website

http://www.vistal.pl

VISTAL Gdynia SA is a leading manufacturer of steel structures for the construction, energy, shipbuilding and offshore industries. Geographically, the company operates in Poland and abroad. The business area of ??activity of the company is prefabrication, assembly, anti-corrosion works, testing of bridge, shipbuilding, wind energy and Offshore facilities.

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