Compagnie de l`Odet (XPAR:ODET) Inventory Turnover : 5.59 (As of Dec. 2023)

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What is Compagnie de l`Odet 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. Compagnie de l`Odet's Cost of Goods Sold for the six months ended in Dec. 2023 was €5,194 Mil. Compagnie de l`Odet's Average Total Inventories for the quarter that ended in Dec. 2023 was €929 Mil. Compagnie de l`Odet's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compagnie de l`Odet's Days Inventory for the six months ended in Dec. 2023 was 32.66.

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. Compagnie de l`Odet's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Compagnie de l`Odet Inventory Turnover Historical Data

The historical data trend for Compagnie de l`Odet'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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Compagnie de l`Odet Inventory Turnover Chart

Compagnie de l`Odet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.04

19.47

19.44

15.72

9.85

Compagnie de l`Odet Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.86	6.71	7.64	7.32	5.59

Compagnie de l`Odet Inventory Turnover Calculation

Compagnie de l`Odet'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 )
=	9425.3	/ (	(605	+	1308.3)	/	2 )
=	9425.3	/	956.65
=	9.85

Compagnie de l`Odet'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5193.8	/ (	(550.4	+	1308.3)	/	2 )
=	5193.8	/	929.35
=	5.59

Compagnie de l`Odet (XPAR:ODET) 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.

Compagnie de l`Odet'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
	=	929.35	/	5193.8	*	365 / 2
	=	32.66

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.

Compagnie de l`Odet'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 )
	=	929.35	/	7447.5
	=	0.12

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.

Compagnie de l`Odet Inventory Turnover Related Terms

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Compagnie de l`Odet (XPAR:ODET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compagnie de l`Odet (XPAR:ODET) » Definitions » Inventory Turnover

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FCODF:USA

Address

51, Boulevard de Montmorency, Paris, FRA, 75016

Website

http://www.compagniedelodet.net

Compagnie de l`Odet is a France-based holding company with a major interest in the Bollore Group. The Bollore Group's operations are based on four areas: Transportation and logistics, Oil logistics, Communication, and Electricity storage and systems. Alongside these businesses, the group also manages several investments including plantations, real estate assets, and a portfolio of equity investments. It derives key revenue from the Communication business area and has operations in France, other parts of Europe, Africa, Asia-Pacific, and the United States.

Compagnie de l`Odet (XPAR:ODET) Headlines

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