Vonovia SE (XTER:VNA) Inventory Turnover : 0.34 (As of Dec. 2023)

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What is Vonovia SE 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. Vonovia SE's Cost of Goods Sold for the three months ended in Dec. 2023 was €674 Mil. Vonovia SE's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,984 Mil. Vonovia SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vonovia SE's Days Inventory for the three months ended in Dec. 2023 was 268.59.

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. Vonovia SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.45.

Vonovia SE Inventory Turnover Historical Data

The historical data trend for Vonovia SE'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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Vonovia SE Inventory Turnover Chart

Vonovia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.16

3.29

3.86

3.76

1.32

Vonovia SE 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															0.50	0.30	0.35	0.31	0.34

Vonovia SE Inventory Turnover Calculation

Vonovia SE'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 )
=	2756.9	/ (	(2188.4	+	1977.4)	/	2 )
=	2756.9	/	2082.9
=	1.32

Vonovia SE'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 )
=	674.2	/ (	(1991.5	+	1977.4)	/	2 )
=	674.2	/	1984.45
=	0.34

Vonovia SE (XTER:VNA) 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.

Vonovia SE'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
	=	1984.45	/	674.2	*	365 / 4
	=	268.59

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.

Vonovia SE'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 )
	=	1984.45	/	810.8
	=	2.45

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.

Vonovia SE Inventory Turnover Related Terms

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Vonovia SE (XTER:VNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vonovia SE (XTER:VNA) » Definitions » Inventory Turnover

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Address

Universitatsstrasse 133, Bochum, DEU, 44803

Website

https://www.vonovia.de

Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia's sales activities include managing its portfolio and real estate sales from any of its subportfolios.

Executives

Ruth Werhahn	Board of Directors
Philip Grosse	Board of Directors
Christian Ulbrich	Supervisory Board
Rolf Buch	Board of Directors
Arnd Fittkau	Board of Directors
Daniel Riedl	Board of Directors
Helene Von Roeder	Board of Directors

Vonovia SE (XTER:VNA) Headlines

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