Origin Enterprises (LSE:OGN) Inventory Turnover : 2.59 (As of Jan. 2024)

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What is Origin Enterprises 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. Origin Enterprises's Cost of Goods Sold for the six months ended in Jan. 2024 was €717 Mil. Origin Enterprises's Average Total Inventories for the quarter that ended in Jan. 2024 was €277 Mil. Origin Enterprises's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Origin Enterprises's Days Inventory for the six months ended in Jan. 2024 was 70.59.

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. Origin Enterprises's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.32.

Origin Enterprises Inventory Turnover Historical Data

The historical data trend for Origin Enterprises'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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Origin Enterprises Inventory Turnover Chart

Origin Enterprises Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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7.69

6.94

7.01

6.64

6.93

Origin Enterprises Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															2.58	3.28	2.54	3.29	2.59

Origin Enterprises Inventory Turnover Calculation

Origin Enterprises's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	2122.029	/ (	(380.412	+	232.167)	/	2 )
=	2122.029	/	306.2895
=	6.93

Origin Enterprises's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	716.754	/ (	(232.167	+	322.334)	/	2 )
=	716.754	/	277.2505
=	2.59

Origin Enterprises (LSE:OGN) 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.

Origin Enterprises's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	277.2505	/	716.754	*	365 / 2
	=	70.59

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.

Origin Enterprises's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	277.2505	/	854.913
	=	0.32

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.

Origin Enterprises Inventory Turnover Related Terms

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Origin Enterprises (LSE:OGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Origin Enterprises PLC (LSE:OGN) » Definitions » Inventory Turnover

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ORENF:USA OIZ:Ireland OIZ:Germany

Address

4-6 Riverwalk, Citywest Business Campus, Dublin, IRL, 24

Website

https://www.originenterprises.com

Origin Enterprises PLC is an agri-service business with operations throughout Europe. It provides technologies and strategic products to support food production systems for primary food producers. The company acts as an advisor for varietal selection, nutrition, crop protection, and other techniques to improve crop performance. Fertilizers, animal feed, seeds, and other agricultural supplements are sold to enhance farming productivity. It delivers products to farms from local distribution centers, and agronomists study the timing of applications to achieve the best results for customers. Farm visitations happen throughout each year, and soil and tissue analysis is conducted to either stop deficiencies or prevent future occurrences.