Heidelberg Materials AG (XTER:HEI) Inventory Turnover : 1.48 (As of Dec. 2023)

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What is Heidelberg Materials AG 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. Heidelberg Materials AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €3,892 Mil. Heidelberg Materials AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €2,634 Mil. Heidelberg Materials AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heidelberg Materials AG's Days Inventory for the six months ended in Dec. 2023 was 123.50.

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. Heidelberg Materials AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Heidelberg Materials AG Inventory Turnover Historical Data

The historical data trend for Heidelberg Materials AG'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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Heidelberg Materials AG Inventory Turnover Chart

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.57

3.15

3.47

3.58

3.04

Heidelberg Materials AG 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															1.81	1.73	1.75	1.57	1.48

Heidelberg Materials AG Inventory Turnover Calculation

Heidelberg Materials AG'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 )
=	8030.7	/ (	(2642.9	+	2641.6)	/	2 )
=	8030.7	/	2642.25
=	3.04

Heidelberg Materials AG'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 )
=	3892	/ (	(2625.9	+	2641.6)	/	2 )
=	3892	/	2633.75
=	1.48

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG'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
	=	2633.75	/	3892	*	365 / 2
	=	123.50

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.

Heidelberg Materials AG'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 )
	=	2633.75	/	10705
	=	0.25

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.

Heidelberg Materials AG Inventory Turnover Related Terms

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Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors