VAE Apcarom (LTS:0DL6) Inventory Turnover : 0.45 (As of Mar. 2015)

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What is VAE Apcarom 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. VAE Apcarom's Cost of Goods Sold for the three months ended in Mar. 2015 was lei18.9 Mil. VAE Apcarom's Average Total Inventories for the quarter that ended in Mar. 2015 was lei41.9 Mil. VAE Apcarom's Inventory Turnover for the quarter that ended in Mar. 2015 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VAE Apcarom's Days Inventory for the three months ended in Mar. 2015 was 202.68.

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. VAE Apcarom's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 1.66.

VAE Apcarom Inventory Turnover Historical Data

The historical data trend for VAE Apcarom'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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VAE Apcarom Inventory Turnover Chart

VAE Apcarom Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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2.81

3.87

2.83

2.90

2.64

VAE Apcarom Quarterly Data
	Dec09	Dec10	Dec11	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Inventory Turnover	Get a 7-Day Free Trial								0.42	0.40	0.41	0.83	0.45

VAE Apcarom Inventory Turnover Calculation

VAE Apcarom's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	99.065	/ (	(37.177	+	37.992)	/	2 )
=	99.065	/	37.5845
=	2.64

VAE Apcarom's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

	Inventory Turnover (Q: Mar. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2015 )	/ (	(Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Mar. 2015 ))	/	count )
=	18.87	/ (	(37.992	+	45.834)	/	2 )
=	18.87	/	41.913
=	0.45

VAE Apcarom (LTS:0DL6) 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.

VAE Apcarom's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2015 )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
	=	41.913	/	18.87	*	365 / 4
	=	202.68

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.

VAE Apcarom's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	41.913	/	25.239
	=	1.66

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.

VAE Apcarom Inventory Turnover Related Terms

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VAE Apcarom (LTS:0DL6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » VAE Apcarom SA (LTS:0DL6) » Definitions » Inventory Turnover

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Address

Website

http://www.voestalpine.com

VAE Apcarom S.A. manufactures industrial equipment. Its activities are engaged in automotive, white goods, energy and special sections industries.

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