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Bulmetal AD (XBUL:BMTL) Inventory Turnover : 0.67 (As of Jun. 2024)


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What is Bulmetal 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. Bulmetal AD's Cost of Goods Sold for the six months ended in Jun. 2024 was лв31.43 Mil. Bulmetal AD's Average Total Inventories for the quarter that ended in Jun. 2024 was лв46.75 Mil. Bulmetal AD's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bulmetal AD's Days Inventory for the six months ended in Jun. 2024 was 271.46.

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. Bulmetal AD's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.87.

Bulmetal AD Inventory Turnover Historical Data

The historical data trend for Bulmetal 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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Bulmetal AD Inventory Turnover Chart

Bulmetal AD Annual Data
Trend
Inventory Turnover

Bulmetal AD Semi-Annual Data
Jun23 Jun24
Inventory Turnover - 0.67

Bulmetal AD Inventory Turnover Calculation

Bulmetal AD's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

Inventory Turnover (A: . 20 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: . 20 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

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

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=31.428 / ((0 + 46.747) / 1 )
=31.428 / 46.747
=0.67

* 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.

Bulmetal AD  (XBUL:BMTL) 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.

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

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=46.747/31.428*365 / 2
=271.46

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=46.747 / 53.826
=0.87

* 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.

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.

Bulmetal AD Inventory Turnover Related Terms

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Bulmetal AD Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Bulmetal AD (XBUL:BMTL) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Prohoda St. , Stara Zagora region, Gurkovo municipality, Gurkovo, BGR
Website
https://www.bulmetal.com
Bulmetal AD is a company engaged in producing of light metal packaging in various types of industrial branches. The company's businesses are production and trade of light metal packaging for the food industry, the chemical industry, the construction industry. The company is a supplier of metal packaging to a number of large manufacturers in Europe, in various industrial fields.

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