Akiles SE (XMAD:AKI) Inventory Turnover : 5.91 (As of Dec. 2019)

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What is Akiles SE 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. Akiles SE's Cost of Goods Sold for the six months ended in Dec. 2019 was €2.22 Mil. Akiles SE's Average Total Inventories for the quarter that ended in Dec. 2019 was €0.38 Mil. Akiles SE's Inventory Turnover for the quarter that ended in Dec. 2019 was 5.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akiles SE's Days Inventory for the six months ended in Dec. 2019 was 30.90.

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. Akiles SE's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.16.

Akiles SE Inventory Turnover Historical Data

The historical data trend for Akiles SE'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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Akiles SE Inventory Turnover Chart

Akiles SE Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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0.99

3.33

0.84

1.90

10.49

Akiles SE Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Inventory Turnover	Get a 7-Day Free Trial										0.55	1.29	0.50	2.57	5.91

Akiles SE Inventory Turnover Calculation

Akiles SE's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	3.525	/ (	(0.468	+	0.204)	/	2 )
=	3.525	/	0.336
=	10.49

Akiles SE's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	2.221	/ (	(0.548	+	0.204)	/	2 )
=	2.221	/	0.376
=	5.91

Akiles SE (XMAD:AKI) 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.

Akiles SE's Days Inventory for the six months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	0.376	/	2.221	*	365 / 2
	=	30.90

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.

Akiles SE's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	0.376	/	2.329
	=	0.16

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.

Akiles SE Inventory Turnover Related Terms

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Akiles SE (XMAD:AKI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Akiles Corp SE (XMAD:AKI) » Definitions » Inventory Turnover

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Address

49 Bulgaria Boulevard, Floor 11-12, Sofia, BGR, 1404

Website

https://www.akiles.eu

Akiles Corp SE is primarily involved in the two business areas namely Infrastructure and Utilities sector and Tourism sector. The Company operates mainly in the Balkans, Spain, and Greece.

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