Le Belier (XPAR:BELI) Inventory Turnover : 1.74 (As of Jun. 2020)

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What is Le Belier 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. Le Belier's Cost of Goods Sold for the six months ended in Jun. 2020 was €51.9 Mil. Le Belier's Average Total Inventories for the quarter that ended in Jun. 2020 was €29.9 Mil. Le Belier's Inventory Turnover for the quarter that ended in Jun. 2020 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Le Belier's Days Inventory for the six months ended in Jun. 2020 was 105.02.

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. Le Belier's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.27.

Le Belier Inventory Turnover Historical Data

The historical data trend for Le Belier'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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Le Belier Inventory Turnover Chart

Le Belier Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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5.49

4.99

5.32

5.23

4.64

Le Belier Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Inventory Turnover	Get a 7-Day Free Trial															2.83	2.59	2.57	2.32	1.74

Le Belier Inventory Turnover Calculation

Le Belier'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 )
=	157.022	/ (	(35.112	+	32.638)	/	2 )
=	157.022	/	33.875
=	4.64

Le Belier's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	51.941	/ (	(32.638	+	27.141)	/	2 )
=	51.941	/	29.8895
=	1.74

Le Belier (XPAR:BELI) 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.

Le Belier's Days Inventory for the six months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	29.8895	/	51.941	*	365 / 2
	=	105.02

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.

Le Belier's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	29.8895	/	110.663
	=	0.27

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.

Le Belier Inventory Turnover Related Terms

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Le Belier (XPAR:BELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Le Belier SA (XPAR:BELI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plantier de la Reine, BP 103, Verac, FRA, 33240

Website

http://www.lebelier.com

Le Belier SA is a France-based company engaged in manufacturing of aluminum safety-related parts for the automotive industry. It operates through three segments: Foundry services, Machining and Tool-making. The Foundry services cover the transformation of casting a liquid metal into a mold to reproduce specific parts, while the Machining division produces high precision mechanical parts with tolerances in microns and the Tool-making division designs and produces foundry tools. It offers products such as braking systems, turbo systems, suspension and chassis parts which are sold to auto component suppliers such as Delphi, Bosch, Valio and others.

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