CropEnergies AG (XTER:CE2) Inventory Turnover : 2.37 (As of Nov. 2023)

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What is CropEnergies 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. CropEnergies AG's Cost of Goods Sold for the three months ended in Nov. 2023 was €247 Mil. CropEnergies AG's Average Total Inventories for the quarter that ended in Nov. 2023 was €104 Mil. CropEnergies AG's Inventory Turnover for the quarter that ended in Nov. 2023 was 2.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CropEnergies AG's Days Inventory for the three months ended in Nov. 2023 was 38.43.

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. CropEnergies AG's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.33.

CropEnergies AG Inventory Turnover Historical Data

The historical data trend for CropEnergies 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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CropEnergies AG Inventory Turnover Chart

CropEnergies AG Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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8.47

9.09

8.51

9.01

9.08

CropEnergies AG Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															2.18	2.11	2.16	2.29	2.37

CropEnergies AG Inventory Turnover Calculation

CropEnergies AG's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	1097.246	/ (	(107.952	+	133.648)	/	2 )
=	1097.246	/	120.8
=	9.08

CropEnergies AG's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	247.227	/ (	(106.265	+	101.957)	/	2 )
=	247.227	/	104.111
=	2.37

CropEnergies AG (XTER:CE2) 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.

CropEnergies AG's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	104.111	/	247.227	*	365 / 4
	=	38.43

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.

CropEnergies AG's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	104.111	/	312.146
	=	0.33

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.

CropEnergies AG Inventory Turnover Related Terms

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CropEnergies AG (XTER:CE2) Business Description

Industry

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Traded in Other Exchanges

CE2d:UK

Address

Maximilianstrasse 10, Mannheim, BW, DEU, D-68165

Website

https://www.cropenergies.com

CropEnergies AG is a German company which manufactures bioethanol for the fuel sector from cereals and sugar beet. The company also produces various food and animal feed products such as ProtiWanze, a liquid protein animal feed for feeding ruminants and pigs, as well as a high-grade dry stillage protein animal feed. In addition, it produces neutral alcohol for the beverage, food, cosmetics and pharmaceutical industries, as well as for industrial applications, such as the production of windscreen washer fluid and disinfectants.

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