Jensen-Group NV (XBRU:JEN) Inventory Turnover : 1.93 (As of Dec. 2023)

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What is Jensen-Group 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. Jensen-Group NV's Cost of Goods Sold for the six months ended in Dec. 2023 was €112.9 Mil. Jensen-Group NV's Average Total Inventories for the quarter that ended in Dec. 2023 was €58.6 Mil. Jensen-Group NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jensen-Group NV's Days Inventory for the six months ended in Dec. 2023 was 94.78.

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. Jensen-Group NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Jensen-Group NV Inventory Turnover Historical Data

The historical data trend for Jensen-Group 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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Jensen-Group NV Inventory Turnover Chart

Jensen-Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.27

3.10

3.26

4.17

3.98

Jensen-Group NV 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															-	2.06	2.01	2.24	1.93

Jensen-Group NV Inventory Turnover Calculation

Jensen-Group 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 )
=	234.7	/ (	(54.825	+	63.182)	/	2 )
=	234.7	/	59.0035
=	3.98

Jensen-Group 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	112.862	/ (	(54.047	+	63.182)	/	2 )
=	112.862	/	58.6145
=	1.93

Jensen-Group NV (XBRU:JEN) 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.

Jensen-Group NV'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
	=	58.6145	/	112.862	*	365 / 2
	=	94.78

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.

Jensen-Group 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 )
	=	58.6145	/	193.424
	=	0.30

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.

Jensen-Group NV Inventory Turnover Related Terms

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Jensen-Group NV (XBRU:JEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jensen-Group NV (XBRU:JEN) » Definitions » Inventory Turnover

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XD1:Germany

Address

Neerhonderd 33, Wetteren, BEL, 9230

Website

https://www.jensen-group.com

Jensen-Group NV manufactures commercial and heavy-duty laundry equipment. It designs, produces, and supplies single machines, systems, and turnkey solutions for the heavy-duty laundry industry. It has established a Cleantech brand which includes technology and machines for the laundry process. The company's products include transport and handling systems, washing tunnels, laundry sorting machines, feeding machines as well as ironing and folding machines. The group also manages turnkey laundry projects. The company operates in Europe, America, Asia, and Australia and derives the majority of its revenues from Europe.

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