Proeduca Altus (XMAD:PRO) Inventory Turnover : 0.00 (As of Aug. 2023)

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What is Proeduca Altus 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. Proeduca Altus's Cost of Goods Sold for the six months ended in Aug. 2023 was €2.9 Mil. Proeduca Altus's Average Total Inventories for the quarter that ended in Aug. 2023 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Proeduca Altus's Days Inventory for the six months ended in Aug. 2023 was 0.00.

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. Proeduca Altus's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.00.

Proeduca Altus Inventory Turnover Historical Data

The historical data trend for Proeduca Altus'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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Proeduca Altus Inventory Turnover Chart

Proeduca Altus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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52.67

55.28

217.78

217.76

558.64

Proeduca Altus Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial							170.82	84.68	151.35	297.64	-

Proeduca Altus Inventory Turnover Calculation

Proeduca Altus's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	6.145	/ (	(0.011	+	0)	/	1 )
=	6.145	/	0.011
=	558.64

Proeduca Altus's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	2.872	/ (	(0	+	0)	/	1 )
=	2.872	/	0
=	N/A

Proeduca Altus (XMAD:PRO) 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.

Proeduca Altus's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0	/	2.872	*	365 / 2
	=	0.00

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.

Proeduca Altus's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0	/	140.679
	=	0.00

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.

Proeduca Altus Inventory Turnover Related Terms

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Proeduca Altus (XMAD:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Proeduca Altus SA (XMAD:PRO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue De La Paz 137, Logrono, ESP, 26006

Website

https://www.grupoproeduca.com

Proeduca Altus SA is engaged in the business of providing online education. The business has its presence in Spain, Ecuador, Colombia, Mexico, Peru, Argentina, Bolivia and the USA.