Invercap INVERCAP (XSGO:INVERCAP) Inventory Turnover : 0.61 (As of Sep. 2024)

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What is Invercap INVERCAP 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. Invercap INVERCAP's Cost of Goods Sold for the three months ended in Sep. 2024 was CLP327,838 Mil. Invercap INVERCAP's Average Total Inventories for the quarter that ended in Sep. 2024 was CLP540,892 Mil. Invercap INVERCAP's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Invercap INVERCAP's Days Inventory for the three months ended in Sep. 2024 was 150.55.

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. Invercap INVERCAP's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.43.

Invercap INVERCAP Inventory Turnover Historical Data

The historical data trend for Invercap INVERCAP'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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Invercap INVERCAP Inventory Turnover Chart

Invercap INVERCAP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.40

3.41

3.03

Invercap INVERCAP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.69	0.79	0.67	0.69	0.61

Invercap INVERCAP Inventory Turnover Calculation

Invercap INVERCAP'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 )
=	2000214.745	/ (	(666699.497	+	654364.183)	/	2 )
=	2000214.745	/	660531.84
=	3.03

Invercap INVERCAP's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	327838.114	/ (	(554611.315	+	527172.751)	/	2 )
=	327838.114	/	540892.033
=	0.61

Invercap INVERCAP (XSGO:INVERCAP) 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.

Invercap INVERCAP's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	540892.033	/	327838.114	*	365 / 4
	=	150.55

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.

Invercap INVERCAP's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	540892.033	/	378187.25
	=	1.43

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.

Invercap INVERCAP Inventory Turnover Related Terms

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Invercap INVERCAP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Invercap SA INVERCAP (XSGO:INVERCAP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Gertrudis Echenique 220, Las Condes, Santiago, CHL

Website

https://www.invercap.cl

Invercap SA INVERCAP through its subsidiaries engages in the extraction of iron ore and production of steel in Chile and Latin America. Its steel products include steel bars, flat products, structural tubes, pipes, and open profiles. The company also provides shaped steel products for structural use and conduction of steel fluids for safety and construction markets.

Invercap INVERCAP Headlines

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