Progres AD (XBLB:PRGS-R-A) Inventory Turnover : 6.58 (As of Dec. 2024)

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What is Progres AD 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. Progres AD's Cost of Goods Sold for the six months ended in Dec. 2024 was BAM2.91 Mil. Progres AD's Average Total Inventories for the quarter that ended in Dec. 2024 was BAM0.44 Mil. Progres AD's Inventory Turnover for the quarter that ended in Dec. 2024 was 6.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Progres AD's Days Inventory for the six months ended in Dec. 2024 was 27.74.

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. Progres AD's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.31.

Progres AD Inventory Turnover Historical Data

The historical data trend for Progres 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.

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Progres AD Inventory Turnover Chart

Progres AD Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

3.74

4.28

4.33

5.68

6.58

Progres AD Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24
Inventory Turnover	3.74	4.28	4.33	5.68	6.58

Progres AD Inventory Turnover Calculation

Progres AD's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2.905	/ (	(0.432	+	0.451)	/	2 )
=	2.905	/	0.4415
=	6.58

Progres AD's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	2.905	/ (	(0.432	+	0.451)	/	2 )
=	2.905	/	0.4415
=	6.58

Progres AD (XBLB:PRGS-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.

Progres AD's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.4415	/	2.905	*	365 / 2
	=	27.74

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.

Progres AD's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.4415	/	1.442
	=	0.31

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.

Progres AD Inventory Turnover Related Terms

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Progres AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Progres AD (XBLB:PRGS-R-A) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Ulica Zmaj Jovina number 8-10, Belgrade, SRB, 71000

Website

https://www.progres.rs

Progres AD provides psycho-social support for children, youth and adults on the territory of Bosnia and Herzegovina.

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