EVS Broadcast Equipment (XBRU:EVS) Inventory Turnover : 0.83 (As of Dec. 2023)

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What is EVS Broadcast Equipment 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. EVS Broadcast Equipment's Cost of Goods Sold for the six months ended in Dec. 2023 was €26.4 Mil. EVS Broadcast Equipment's Average Total Inventories for the quarter that ended in Dec. 2023 was €31.6 Mil. EVS Broadcast Equipment's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EVS Broadcast Equipment's Days Inventory for the six months ended in Dec. 2023 was 218.76.

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. EVS Broadcast Equipment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

EVS Broadcast Equipment Inventory Turnover Historical Data

The historical data trend for EVS Broadcast Equipment'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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EVS Broadcast Equipment Inventory Turnover Chart

EVS Broadcast Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.84

1.50

1.72

1.80

1.70

EVS Broadcast Equipment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.89	0.78	0.93	0.89	0.83

EVS Broadcast Equipment Inventory Turnover Calculation

EVS Broadcast Equipment'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 )
=	52.548	/ (	(28.786	+	33.001)	/	2 )
=	52.548	/	30.8935
=	1.70

EVS Broadcast Equipment'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	26.368	/ (	(30.212	+	33.001)	/	2 )
=	26.368	/	31.6065
=	0.83

EVS Broadcast Equipment (XBRU:EVS) 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.

EVS Broadcast Equipment'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
	=	31.6065	/	26.368	*	365 / 2
	=	218.76

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.

EVS Broadcast Equipment'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 )
	=	31.6065	/	85.773
	=	0.37

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.

EVS Broadcast Equipment Inventory Turnover Related Terms

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EVS Broadcast Equipment (XBRU:EVS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EVS Broadcast Equipment SA (XBRU:EVS) » Definitions » Inventory Turnover

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EVSBY:USA 5E1:Germany

Address

Liege Science Park, 13 Rue Bois Saint-Jean, Seraing, BEL, B-4102

Website

https://www.evs.com

EVS Broadcast Equipment SA designs and markets digital electronic systems to broadcasters, production companies, post-production facilities, film studios, content owners, and archive libraries around the globe, to support the production of their sports, entertainment, and news programs. EVS provides solutions based on tapeless workflows with a consistent modular architecture. The company has a presence in Asia-Pacific, Europe, the Middle East and Africa, and America and generates its revenues from outside broadcast vans, studios, and others sporting event rentals.

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