Lanxess AG (XTER:LXS) Inventory Turnover : 0.91 (As of Sep. 2024)

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What is Lanxess 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. Lanxess AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €1,249 Mil. Lanxess AG's Average Total Inventories for the quarter that ended in Sep. 2024 was €1,374 Mil. Lanxess AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lanxess AG's Days Inventory for the three months ended in Sep. 2024 was 100.38.

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. Lanxess AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.86.

Lanxess AG Inventory Turnover Historical Data

The historical data trend for Lanxess 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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Lanxess AG Inventory Turnover Chart

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.97

4.02

3.39

3.52

3.38

Lanxess AG 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															0.82	0.84	0.98	0.96	0.91

Lanxess AG Inventory Turnover Calculation

Lanxess 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 )
=	5446	/ (	(1861	+	1360)	/	2 )
=	5446	/	1610.5
=	3.38

Lanxess AG'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 )
=	1249	/ (	(1397	+	1351)	/	2 )
=	1249	/	1374
=	0.91

Lanxess AG (XTER:LXS) 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.

Lanxess AG'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
	=	1374	/	1249	*	365 / 4
	=	100.38

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.

Lanxess AG'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 )
	=	1374	/	1598
	=	0.86

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.

Lanxess AG Inventory Turnover Related Terms

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Lanxess AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (XTER:LXS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LX9B:Germany LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://lanxess.com

Lanxess AG is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Executives

Sadik Emiroglu	Supervisory Board
Dr. Hans-joachim Müller	Supervisory Board
Dr. Hubert Fink	Board of Directors
Matthias Zachert	Board of Directors
Frederique Van Baarle	Board of Directors
Oliver Stratmann	Board of Directors
Dr. Anno Borkowsky	Board of Directors
Michael Pontzen	Board of Directors

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