Deutz AG (WBO:DEZ) Inventory Turnover : 0.86 (As of Dec. 2023)

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What is Deutz 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. Deutz AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €421 Mil. Deutz AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €488 Mil. Deutz AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deutz AG's Days Inventory for the three months ended in Dec. 2023 was 105.73.

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. Deutz AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.93.

Deutz AG Inventory Turnover Historical Data

The historical data trend for Deutz 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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Deutz AG Inventory Turnover Chart

Deutz AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.63

3.73

4.14

3.69

3.65

Deutz AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.85	0.76	0.76	0.86

Deutz AG Inventory Turnover Calculation

Deutz AG'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 )
=	1616.4	/ (	(451.6	+	433.9)	/	2 )
=	1616.4	/	442.75
=	3.65

Deutz AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	421	/ (	(541.7	+	433.9)	/	2 )
=	421	/	487.8
=	0.86

Deutz AG (WBO:DEZ) 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.

Deutz AG's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	487.8	/	421	*	365 / 4
	=	105.73

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.

Deutz AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	487.8	/	523.2
	=	0.93

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.

Deutz AG Inventory Turnover Related Terms

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Deutz AG (WBO:DEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Deutz AG (WBO:DEZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DEUZF:USA 1DEZ:Italy DEZd:UK 0E4K:UK DEZ:Germany

Address

Ottostrasse 1, Porz-Eil, Cologne, NW, DEU, 51149

Website

https://www.deutz.com

Deutz AG is an independent diesel engine manufacturer based in Germany. The company engages in customized and compact diesel engines that are cooled by water, oil, or air. The operating activities of the company are Classic and Green. It generates maximum revenue from the Classic segment. Geographically, it derives a majority of its revenue from the Rest of Europe.

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