Orange Belgium (XBRU:OBEL) Inventory Turnover : 7.12 (As of Dec. 2023)

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What is Orange Belgium 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. Orange Belgium's Cost of Goods Sold for the six months ended in Dec. 2023 was €362 Mil. Orange Belgium's Average Total Inventories for the quarter that ended in Dec. 2023 was €51 Mil. Orange Belgium's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orange Belgium's Days Inventory for the six months ended in Dec. 2023 was 25.63.

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. Orange Belgium's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Orange Belgium Inventory Turnover Historical Data

The historical data trend for Orange Belgium'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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Orange Belgium Inventory Turnover Chart

Orange Belgium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.59

18.72

22.52

23.19

16.63

Orange Belgium 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															14.11	12.93	13.25	7.32	7.12

Orange Belgium Inventory Turnover Calculation

Orange Belgium'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 )
=	639.505	/ (	(25.493	+	51.424)	/	2 )
=	639.505	/	38.4585
=	16.63

Orange Belgium'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 )
=	362.205	/ (	(50.3	+	51.424)	/	2 )
=	362.205	/	50.862
=	7.12

Orange Belgium (XBRU:OBEL) 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.

Orange Belgium'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
	=	50.862	/	362.205	*	365 / 2
	=	25.63

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.

Orange Belgium'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 )
	=	50.862	/	1028.721
	=	0.05

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.

Orange Belgium Inventory Turnover Related Terms

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Orange Belgium (XBRU:OBEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Orange Belgium SA (XBRU:OBEL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0FBS:UK MOS:Germany

Address

Avenue du Bourget 3, Brussels, BEL, BE-1140

Website

https://www.orange.be

Orange Belgium SA is a triple-play telecommunications company that provides mobile, fixed telephone, digital TV, and broadband Internet services to households and companies. In terms of products, the majority of revenue comes from mobile services. most of the group's mobile customers are postpaid subscribers. The company also operates in Luxembourg, but overall company revenue comes mostly from Belgium. Orange Belgium owns telecommunications infrastructure, including fiber networks. The company also acts as a wholesaler, allowing mobile virtual network operators access to Orange Belgium's infrastructure.

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