Basf SE (XTER:BAS) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Basf SE 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. Basf SE's Cost of Goods Sold for the three months ended in Mar. 2024 was €12,604 Mil. Basf SE's Average Total Inventories for the quarter that ended in Mar. 2024 was €14,035 Mil. Basf SE's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Basf SE's Days Inventory for the three months ended in Mar. 2024 was 101.61.

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. Basf SE's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Basf SE Inventory Turnover Historical Data

The historical data trend for Basf SE'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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Basf SE Inventory Turnover Chart

Basf SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.72

4.19

4.97

4.46

3.51

Basf SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.92	0.84	0.79	0.84	0.90

Basf SE Inventory Turnover Calculation

Basf SE'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 )
=	52200	/ (	(15941	+	13800)	/	2 )
=	52200	/	14870.5
=	3.51

Basf SE's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	12604	/ (	(13800	+	14269)	/	2 )
=	12604	/	14034.5
=	0.90

Basf SE (XTER:BAS) 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.

Basf SE's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	14034.5	/	12604	*	365 / 4
	=	101.61

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.

Basf SE's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	14034.5	/	17553
	=	0.80

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.

Basf SE Inventory Turnover Related Terms

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Basf SE (XTER:BAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Basf SE (XTER:BAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BFFAF:USA BASFY:USA BAS N:Mexico BASF:Italy BASF:Hungary BASd:UK 0BFA:UK BAS:Austria

Address

Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056

Website

https://www.basf.com

Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.

Executives

Dr. Stephan Kothrade	Board of Directors
Dr. Melanie Maas-brunner	Board of Directors
Dr. Dirk Elvermann	Board of Directors
Dr. Kurt Bock	Supervisory Board
Prof. Dr. Stefan Asenkerschbaumer	Supervisory Board
Dame Alison Carnwath	Supervisory Board
Prof. Dr. Thomas Carell	Supervisory Board
Alessandra Genco	Supervisory Board
Liming Chen	Supervisory Board
Dr. Markus Kamieth	Board of Directors
Saori Dubourg	Board of Directors
Sinischa Horvat	Supervisory Board
Tatjana Diether	Supervisory Board
Waldemar Helber	Supervisory Board
Michael Heinz	Board of Directors

Basf SE (XTER:BAS) Headlines

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