Elektrokrajina AD (XBLB:EKBL-R-A) Inventory Turnover: 4.64 (As of Dec. 2023)

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What is Elektrokrajina AD Inventory Turnover?

Elektrokrajina AD XBLB:EKBL-R-A Inventory Turnover is 4.64 as of Dec. 2023.

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. Elektrokrajina AD's Cost of Goods Sold for the six months ended in Dec. 2023 was BAM61.2 Mil. Elektrokrajina AD's Average Total Inventories for the quarter that ended in Dec. 2023 was BAM13.2 Mil. Elektrokrajina AD's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elektrokrajina AD's Days Inventory for the six months ended in Dec. 2023 was 39.30.

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. Elektrokrajina AD's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Elektrokrajina AD  (XBLB:EKBL-R-A) 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.

Elektrokrajina AD's Days Inventory for the six 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
=13.176/61.181*365 / 2
=39.30

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.

Elektrokrajina AD'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 )
=13.176 / 149.98
=0.09

* 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.

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.

Elektrokrajina AD Inventory Turnover Related Terms

Elektrokrajina AD Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Elektrokrajina AD'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.

Elektrokrajina AD Inventory Turnover Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 23.92 21.12 0.00 5.18 4.64

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial 23.92 21.12 0.00 5.18 4.64

Elektrokrajina AD Inventory Turnover Calculation

Elektrokrajina AD'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 )
=61.181 / ((11.951 + 14.401) / 2 )
=61.181 / 13.176
=4.64

Elektrokrajina AD'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=61.181 / ((11.951 + 14.401) / 2 )
=61.181 / 13.176
=4.64

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 4.64 mean?
Elektrokrajina AD (XBLB:EKBL-R-A) has a Inventory Turnover of 4.64 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Elektrokrajina AD and its competitors.
Is Elektrokrajina AD's Inventory Turnover too high?
Elektrokrajina AD's current Inventory Turnover is 4.64.
How does Elektrokrajina AD's Inventory Turnover compare to NEE and SO?
Elektrokrajina AD's Inventory Turnover of 4.64 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Utilities - Regulated company?
A good Inventory Turnover depends on the Utilities - Regulated industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Elektrokrajina AD and its competitors. Elektrokrajina AD's current Inventory Turnover is 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrokrajina AD stock overvalued right now?
Elektrokrajina AD (XBLB:EKBL-R-A) has a current Inventory Turnover of 4.64. The current Inventory Turnover is 4.64. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Elektrokrajina AD (XBLB:EKBL-R-A), the current Inventory Turnover is 4.64 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elektrokrajina AD Business Description

Address 95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.