Alpha Adriatic JSC (ZAG:ULPL) Inventory Turnover : 12.95 (As of Sep. 2023)

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What is Alpha Adriatic JSC 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. Alpha Adriatic JSC's Cost of Goods Sold for the three months ended in Sep. 2023 was €2.85 Mil. Alpha Adriatic JSC's Average Total Inventories for the quarter that ended in Sep. 2023 was €0.22 Mil. Alpha Adriatic JSC's Inventory Turnover for the quarter that ended in Sep. 2023 was 12.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpha Adriatic JSC's Days Inventory for the three months ended in Sep. 2023 was 7.05.

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. Alpha Adriatic JSC's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.05.

Alpha Adriatic JSC Inventory Turnover Historical Data

The historical data trend for Alpha Adriatic JSC'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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Alpha Adriatic JSC Inventory Turnover Chart

Alpha Adriatic JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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77.66

74.90

84.32

65.29

25.96

Alpha Adriatic JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															16.46	7.57	5.34	9.97	12.95

Alpha Adriatic JSC Inventory Turnover Calculation

Alpha Adriatic JSC'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 )
=	12.435	/ (	(0.176	+	0.782)	/	2 )
=	12.435	/	0.479
=	25.96

Alpha Adriatic JSC'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 )
=	2.849	/ (	(0.213	+	0.227)	/	2 )
=	2.849	/	0.22
=	12.95

Alpha Adriatic JSC (ZAG:ULPL) 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.

Alpha Adriatic JSC'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
	=	0.22	/	2.849	*	365 / 4
	=	7.05

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.

Alpha Adriatic JSC'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 )
	=	0.22	/	4.295
	=	0.05

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.

Alpha Adriatic JSC Inventory Turnover Related Terms

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Alpha Adriatic JSC (ZAG:ULPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Alpha Adriatic JSC (ZAG:ULPL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Carrara 6, Pula, HRV, 52100

Website

http://www.uljaniksm.com

Alpha Adriatic JSC formerly known as Uljanik Plovidba dd operates in the integrated shipping and logistics industry in Croatia. The company is engaged in shipping of bulk and liquid cargo like petroleum products and chemicals, and provision of different types of services related to maritime activities.

Alpha Adriatic JSC (ZAG:ULPL) Headlines

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