HELLA GmbH KGaA (XTER:HLE) Inventory Turnover : 1.17 (As of Sep. 2023)

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What is HELLA GmbH KGaA 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. HELLA GmbH KGaA's Cost of Goods Sold for the three months ended in Sep. 2023 was €1,437 Mil. HELLA GmbH KGaA's Average Total Inventories for the quarter that ended in Sep. 2023 was €1,223 Mil. HELLA GmbH KGaA's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HELLA GmbH KGaA's Days Inventory for the three months ended in Sep. 2023 was 77.68.

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. HELLA GmbH KGaA's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.63.

HELLA GmbH KGaA Inventory Turnover Historical Data

The historical data trend for HELLA GmbH KGaA'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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HELLA GmbH KGaA Inventory Turnover Chart

HELLA GmbH KGaA Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

Inventory Turnover

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7.51

7.24

6.59

5.31

5.44

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.16	1.28	1.26	1.25	1.17

HELLA GmbH KGaA Inventory Turnover Calculation

HELLA GmbH KGaA's Inventory Turnover for the fiscal year that ended in May. 2021 is calculated as

	Inventory Turnover (A: May. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2021 )	/ (	(Total Inventories (A: May. 2020 )	+	Total Inventories (A: May. 2021 ))	/	count )
=	4846.776	/ (	(881.524	+	900.416)	/	2 )
=	4846.776	/	890.97
=	5.44

HELLA GmbH KGaA's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1436.525	/ (	(1197.836	+	1247.852)	/	2 )
=	1436.525	/	1222.844
=	1.17

HELLA GmbH KGaA (XTER:HLE) 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.

HELLA GmbH KGaA's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1222.844	/	1436.525	*	365 / 4
	=	77.68

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.

HELLA GmbH KGaA's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1222.844	/	1937.169
	=	0.63

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.

HELLA GmbH KGaA Inventory Turnover Related Terms

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HELLA GmbH KGaA (XTER:HLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HELLA GmbH & Co KGaA (XTER:HLE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0R3U:UK HLE:Austria

Address

Rixbecker Strasse 75, Lippstadt, NW, DEU, 59552

Website

https://www.hella.com

HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.

Executives

Charlotte Sötje	Supervisory Board
Christoph Thomas	Supervisory Board

HELLA GmbH KGaA (XTER:HLE) Headlines

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