Institut IGH DD (ZAG:IGH) Inventory Turnover : 17.43 (As of Sep. 2024)

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What is Institut IGH DD 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. Institut IGH DD's Cost of Goods Sold for the three months ended in Sep. 2024 was €1.31 Mil. Institut IGH DD's Average Total Inventories for the quarter that ended in Sep. 2024 was €0.08 Mil. Institut IGH DD's Inventory Turnover for the quarter that ended in Sep. 2024 was 17.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Institut IGH DD's Days Inventory for the three months ended in Sep. 2024 was 5.24.

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. Institut IGH DD's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

Institut IGH DD Inventory Turnover Historical Data

The historical data trend for Institut IGH DD'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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Institut IGH DD Inventory Turnover Chart

Institut IGH DD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.84

0.80

0.65

1.22

55.34

Institut IGH DD Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															17.20	8.40	11.49	19.92	17.43

Institut IGH DD Inventory Turnover Calculation

Institut IGH DD's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	4.953	/ (	(0.09	+	0.089)	/	2 )
=	4.953	/	0.0895
=	55.34

Institut IGH DD'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 )
=	1.307	/ (	(0.075	+	0.075)	/	2 )
=	1.307	/	0.075
=	17.43

Institut IGH DD (ZAG:IGH) 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.

Institut IGH DD'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
	=	0.075	/	1.307	*	365 / 4
	=	5.24

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.

Institut IGH DD'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 )
	=	0.075	/	4.036
	=	0.02

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.

Institut IGH DD Inventory Turnover Related Terms

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Institut IGH DD Business Description

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Address

Janka Rakuse 1, Zagreb, HRV, 10000

Website

https://www.igh.hr

Institut IGH DD operates in the engineering and construction industry in Croatia. The company is engaged in providing services like scientific research in the field of construction which includes design, consultation, study, investigative work, supervision, laboratory testing, and proof of usability.

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