Rheinmetall AG (XTER:RHM) Inventory Turnover : 0.38 (As of Dec. 2023)

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What is Rheinmetall 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. Rheinmetall AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,196 Mil. Rheinmetall AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €3,107 Mil. Rheinmetall AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rheinmetall AG's Days Inventory for the three months ended in Dec. 2023 was 237.05.

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. Rheinmetall AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.22.

Rheinmetall AG Inventory Turnover Historical Data

The historical data trend for Rheinmetall 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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Rheinmetall AG Inventory Turnover Chart

Rheinmetall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.48

1.85

1.72

1.75

1.34

Rheinmetall AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.26	0.25	0.28	0.38

Rheinmetall AG Inventory Turnover Calculation

Rheinmetall 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 )
=	3239	/ (	(1879	+	2951)	/	2 )
=	3239	/	2415
=	1.34

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1196	/ (	(3263	+	2951)	/	2 )
=	1196	/	3107
=	0.38

Rheinmetall AG (XTER:RHM) 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.

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

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3107	/	1196	*	365 / 4
	=	237.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3107	/	2557
	=	1.22

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.

Rheinmetall AG Inventory Turnover Related Terms

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Rheinmetall AG (XTER:RHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rheinmetall AG (XTER:RHM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RNMBY:USA RNMBF:USA 1RHM:Italy RHMd:UK 0NI1:UK RHM:Germany RHMB:Germany RHMB:Germany RHM:Germany RHM:Germany RHM:Austria

Address

Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476

Website

https://www.rheinmetall.com

Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapon and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapon and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.

Executives

Professor Dr. Andreas Arthur Georgi	Supervisory Board
Ulrich Grillo	Supervisory Board
Armin Theodor Papperger	Board of Directors
Dagmar Steinert	Board of Directors
Armin Papperger	Board of Directors
Helmut P. Merch	Board of Directors
Professor Dr. Susanne Hannemann	Supervisory Board
Dr. Britta Giesen	Supervisory Board
Peter Sebastian Krause	Board of Directors

Rheinmetall AG (XTER:RHM) Headlines

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