Tecnicas Reunidas (XMAD:TRE) Inventory Turnover : 85.93 (As of Dec. 2023)

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What is Tecnicas Reunidas 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. Tecnicas Reunidas's Cost of Goods Sold for the three months ended in Dec. 2023 was €603 Mil. Tecnicas Reunidas's Average Total Inventories for the quarter that ended in Dec. 2023 was €7 Mil. Tecnicas Reunidas's Inventory Turnover for the quarter that ended in Dec. 2023 was 85.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tecnicas Reunidas's Days Inventory for the three months ended in Dec. 2023 was 1.06.

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. Tecnicas Reunidas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Tecnicas Reunidas Inventory Turnover Historical Data

The historical data trend for Tecnicas Reunidas'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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Tecnicas Reunidas Inventory Turnover Chart

Tecnicas Reunidas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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259.50

358.23

243.31

411.57

424.32

Tecnicas Reunidas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															149.43	111.32	101.24	102.54	85.93

Tecnicas Reunidas Inventory Turnover Calculation

Tecnicas Reunidas'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 )
=	3028.767	/ (	(7.74	+	6.536)	/	2 )
=	3028.767	/	7.138
=	424.32

Tecnicas Reunidas'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	603.067	/ (	(7.5	+	6.536)	/	2 )
=	603.067	/	7.018
=	85.93

Tecnicas Reunidas (XMAD:TRE) 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.

Tecnicas Reunidas's Days Inventory for the three 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
	=	7.018	/	603.067	*	365 / 4
	=	1.06

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.

Tecnicas Reunidas'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 )
	=	7.018	/	880.752
	=	0.01

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.

Tecnicas Reunidas Inventory Turnover Related Terms

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Tecnicas Reunidas (XMAD:TRE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tecnicas Reunidas SA (XMAD:TRE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0MKT:UK T5R:Germany TRE:Austria

Address

Arapiles Street, 14, Madrid, ESP, 28015

Website

http://www.tecnicasreunidas.es

Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.

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