D'Ieteren Group (XBRU:DIE) Inventory Turnover : 2.11 (As of Dec. 2023)

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What is D'Ieteren Group 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. D'Ieteren Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,020 Mil. D'Ieteren Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,433 Mil. D'Ieteren Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. D'Ieteren Group's Days Inventory for the six months ended in Dec. 2023 was 86.56.

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. D'Ieteren Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

D'Ieteren Group Inventory Turnover Historical Data

The historical data trend for D'Ieteren Group'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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D'Ieteren Group Inventory Turnover Chart

D'Ieteren Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.97

6.06

6.38

4.57

4.70

D'Ieteren Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.92	3.54	2.57	2.41	2.11

D'Ieteren Group Inventory Turnover Calculation

D'Ieteren Group'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 )
=	6177.5	/ (	(1191.7	+	1434.3)	/	2 )
=	6177.5	/	1313
=	4.70

D'Ieteren Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3020.3	/ (	(1430.8	+	1434.3)	/	2 )
=	3020.3	/	1432.55
=	2.11

D'Ieteren Group (XBRU:DIE) 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.

D'Ieteren Group's Days Inventory for the six 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
	=	1432.55	/	3020.3	*	365 / 2
	=	86.56

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.

D'Ieteren Group'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 )
	=	1432.55	/	3898.2
	=	0.37

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.

D'Ieteren Group Inventory Turnover Related Terms

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D'Ieteren Group (XBRU:DIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » D'Ieteren Group (XBRU:DIE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SIEVF:USA SIETY:USA DIEb:UK 0ON7:UK DJD:Germany

Address

Rue du Mail, 50, Brussels, BEL, B-1050

Website

https://www.dieterengroup.com

D'Ieteren Group imports and distributes vehicles belonging to the Volkswagen brand pool (D'Ieteren Auto) and provides car glass repair and replacement solutions (Belron). D'Ieteren Auto also sells used vehicles, provides spare parts and accessories, offers car financing and long-term rental services, and distributes motorcycle and scooter products. D'Ieteren Auto's operations are focused in Belgium. Belron provides car glass repair solutions under different brands, including Carglass, Safelite AutoGlass, and Autoglass in Europe. Customers of The D'Ieteren group generate approximately half its revenue from D'Ieteren Auto and the other half from Belron.

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