adidas AG (XTER:ADS) Change In Inventory : €1,297 Mil (TTM As of Dec. 2023)

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What is adidas AG Change In Inventory?

adidas AG's change in inventory for the quarter that ended in Dec. 2023 was €247 Mil. It means adidas AG's inventory declined by €247 Mil from Sep. 2023 to Dec. 2023 .

adidas AG's change in inventory for the fiscal year that ended in Dec. 2023 was €1,297 Mil. It means adidas AG's inventory declined by €1,297 Mil from Dec. 2022 to Dec. 2023 .

adidas AG's Total Inventories for the quarter that ended in Dec. 2023 was €4,525 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. adidas AG's Days Inventory for the quarter that ended in Dec. 2023 was 160.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. adidas AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. adidas AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.97.

adidas AG Change In Inventory Historical Data

The historical data trend for adidas AG's Change In Inventory 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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adidas AG Change In Inventory Chart

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-505.00

-481.00

125.00

-1,879.00

1,297.00

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															157.00	138.00	194.00	718.00	247.00

adidas AG Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,297 Mil.

adidas AG (XTER:ADS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

adidas AG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4687	/	2665	*	365 / 4
	=	160.48

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

adidas AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2665	/	4687
	=	0.57

3. 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.

adidas AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4687	/	4811
	=	0.97

adidas AG Change In Inventory Related Terms

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adidas AG (XTER:ADS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (XTER:ADS) » Definitions » Change In Inventory

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ADDYY:USA ADDDF:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.

Executives

Brian Grevy

Board of Directors

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