Adval Tech Holding AG (XSWX:ADVN) Inventory Turnover : 1.11 (As of Jun. 2024)

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What is Adval Tech Holding AG 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. Adval Tech Holding AG's Cost of Goods Sold for the six months ended in Jun. 2024 was CHF46.8 Mil. Adval Tech Holding AG's Average Total Inventories for the quarter that ended in Jun. 2024 was CHF42.2 Mil. Adval Tech Holding AG's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adval Tech Holding AG's Days Inventory for the six months ended in Jun. 2024 was 164.40.

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. Adval Tech Holding AG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.49.

Adval Tech Holding AG Inventory Turnover Historical Data

The historical data trend for Adval Tech Holding AG'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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Adval Tech Holding AG Inventory Turnover Chart

Adval Tech Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.39

1.77

2.22

2.28

2.10

Adval Tech Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.19	1.20	1.07	1.07	1.11

Adval Tech Holding AG Inventory Turnover Calculation

Adval Tech Holding AG'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 )
=	91.989	/ (	(49.96	+	37.846)	/	2 )
=	91.989	/	43.903
=	2.10

Adval Tech Holding AG's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	46.801	/ (	(37.846	+	46.472)	/	2 )
=	46.801	/	42.159
=	1.11

Adval Tech Holding AG (XSWX:ADVN) 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.

Adval Tech Holding AG's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	42.159	/	46.801	*	365 / 2
	=	164.40

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.

Adval Tech Holding AG's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	42.159	/	85.298
	=	0.49

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.

Adval Tech Holding AG Inventory Turnover Related Terms

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Adval Tech Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adval Tech Holding AG (XSWX:ADVN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Freiburgstrasse 556, Niederwangen, CHE, 3172

Website

https://www.advaltech.com

Adval Tech Holding AG is an industrial supplier of technologically sophisticated components and subassemblies made of metal and plastic. The company focuses on the automotive market and on related applications. The Components division is engaged in the manufacture of metal and plastic high-volume components, focusing on the automotive industry in terms of quantities, quality requirements, lifetime, and production processes. Geographically, activities function through Germany, Switzerland, Hungary, France, Czech Republic, Turkey, Slovakia, other European countries, China, North America, Latin America, Africa, Australia and Oceania. Maximum revenue is generated from Germany region.

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