Philip Morris CR AS (XPRA:TABAK) Inventory Turnover : 3.78 (As of Dec. 2023)

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What is Philip Morris CR AS 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. Philip Morris CR AS's Cost of Goods Sold for the six months ended in Dec. 2023 was Kč6,159 Mil. Philip Morris CR AS's Average Total Inventories for the quarter that ended in Dec. 2023 was Kč1,629 Mil. Philip Morris CR AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Philip Morris CR AS's Days Inventory for the six months ended in Dec. 2023 was 48.25.

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. Philip Morris CR AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Philip Morris CR AS Inventory Turnover Historical Data

The historical data trend for Philip Morris CR AS'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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Philip Morris CR AS Inventory Turnover Chart

Philip Morris CR AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.99

7.13

7.48

6.18

7.87

Philip Morris CR AS 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															3.32	3.85	4.73	2.75	3.78

Philip Morris CR AS Inventory Turnover Calculation

Philip Morris CR AS'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 )
=	11652	/ (	(1851	+	1109)	/	2 )
=	11652	/	1480
=	7.87

Philip Morris CR AS'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 )
=	6159	/ (	(2148	+	1109)	/	2 )
=	6159	/	1628.5
=	3.78

Philip Morris CR AS (XPRA:TABAK) 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.

Philip Morris CR AS'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
	=	1628.5	/	6159	*	365 / 2
	=	48.25

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.

Philip Morris CR AS'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 )
	=	1628.5	/	10859
	=	0.15

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.

Philip Morris CR AS Inventory Turnover Related Terms

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Philip Morris CR AS (XPRA:TABAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris CR AS (XPRA:TABAK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TBK:Germany

Address

Karlovo namesti 10, Prague, CZE, 120 00

Website

https://www.philipmorris.cz

Philip Morris CR AS is a Czech Republic-based company active in the tobacco industry. The company is engaged in the production, sale, distribution, and marketing of tobacco products. The company also distributes smoke-free tobacco products under the HEETS name; and IQOS tobacco heating systems and related accessories, as well as cigarettes. It provides its tobacco products primarily under the Marlboro, L&M, Philip Morris, Petra Klasik, Sparta, and Chesterfield brands.

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