OCI NV (XAMS:OCI) Inventory Turnover : 2.24 (As of Dec. 2023)

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What is OCI NV 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. OCI NV's Cost of Goods Sold for the three months ended in Dec. 2023 was €483 Mil. OCI NV's Average Total Inventories for the quarter that ended in Dec. 2023 was €216 Mil. OCI NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OCI NV's Days Inventory for the three months ended in Dec. 2023 was 40.80.

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. OCI NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

OCI NV Inventory Turnover Historical Data

The historical data trend for OCI NV'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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OCI NV Inventory Turnover Chart

OCI NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.09

9.69

14.57

8.85

7.21

OCI NV 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															1.71	2.68	3.09	2.95	2.24

OCI NV Inventory Turnover Calculation

OCI NV'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 )
=	1950.642	/ (	(397.802	+	142.96)	/	2 )
=	1950.642	/	270.381
=	7.21

OCI NV'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 )
=	482.617	/ (	(288.596	+	142.96)	/	2 )
=	482.617	/	215.778
=	2.24

OCI NV (XAMS:OCI) 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.

OCI NV'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
	=	215.778	/	482.617	*	365 / 4
	=	40.80

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.

OCI NV'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 )
	=	215.778	/	453.456
	=	0.48

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.

OCI NV Inventory Turnover Related Terms

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OCI NV (XAMS:OCI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

OCINF:USA OCI:Mexico OCIa:UK 0QGH:UK OIC:Germany

Address

Honthorststraat 19, Amsterdam, NH, NLD, 1071

Website

https://oci-global.com

OCI NV manufactures and sells a variety of fertilizers and natural gas-based chemicals. The firm organizes itself into five reportable segments based on product type and location. The methanol U.S. segment distributes methanol and ammonia primarily to industrial customers around the U.S. Gulf Coast. Methanol Europe produces and distributes regular and bio-methanol. Other segments include nitrogen U.S., nitrogen Europe, and fertiglobe, which is a nitrogen fertilizer platform serving the Middle East and North Africa. Majority revenue is generated from the Fertiglobe segment. The company generates majority of its revenue from Europe and the Americas.

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