SMB Cote d'Ivoire (XBRV:SMBC) Inventory Turnover : 4.13 (As of Dec. 2023)

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What is SMB Cote d'Ivoire 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. SMB Cote d'Ivoire's Cost of Goods Sold for the six months ended in Dec. 2023 was XOF199,013 Mil. SMB Cote d'Ivoire's Average Total Inventories for the quarter that ended in Dec. 2023 was XOF48,177 Mil. SMB Cote d'Ivoire's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMB Cote d'Ivoire's Days Inventory for the six months ended in Dec. 2023 was 44.18.

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. SMB Cote d'Ivoire's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

SMB Cote d'Ivoire Inventory Turnover Historical Data

The historical data trend for SMB Cote d'Ivoire'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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SMB Cote d'Ivoire Inventory Turnover Chart

SMB Cote d'Ivoire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.55

3.64

7.23

9.88

4.13

SMB Cote d'Ivoire Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial										5.55	3.64	7.23	9.88	4.13

SMB Cote d'Ivoire Inventory Turnover Calculation

SMB Cote d'Ivoire'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 )
=	199013	/ (	(34584	+	61769)	/	2 )
=	199013	/	48176.5
=	4.13

SMB Cote d'Ivoire'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 )
=	199013	/ (	(34584	+	61769)	/	2 )
=	199013	/	48176.5
=	4.13

SMB Cote d'Ivoire (XBRV:SMBC) 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.

SMB Cote d'Ivoire'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
	=	48176.5	/	199013	*	365 / 2
	=	44.18

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.

SMB Cote d'Ivoire'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 )
	=	48176.5	/	247645
	=	0.19

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.

SMB Cote d'Ivoire Inventory Turnover Related Terms

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SMB Cote d'Ivoire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SMB Cote d'Ivoire (XBRV:SMBC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Boulevard de Petit Bassam, Vridi, Abidjan, CIV, BP 622

Website

http://www.smbci.ci

SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.