Smurfit Kappa Group (DUB:SK3) Change In Inventory : €196 Mil (TTM As of Dec. 2023)

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What is Smurfit Kappa Group Change In Inventory?

Smurfit Kappa Group's change in inventory for the quarter that ended in Dec. 2023 was €72 Mil. It means Smurfit Kappa Group's inventory declined by €72 Mil from Jun. 2023 to Dec. 2023 .

Smurfit Kappa Group's change in inventory for the fiscal year that ended in Dec. 2023 was €196 Mil. It means Smurfit Kappa Group's inventory declined by €196 Mil from Dec. 2022 to Dec. 2023 .

Smurfit Kappa Group's Total Inventories for the quarter that ended in Dec. 2023 was €1,036 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smurfit Kappa Group's Days Inventory for the quarter that ended in Dec. 2023 was 54.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smurfit Kappa Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.34.

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. Smurfit Kappa Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Smurfit Kappa Group Change In Inventory Historical Data

The historical data trend for Smurfit Kappa Group'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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Smurfit Kappa Group Change In Inventory Chart

Smurfit Kappa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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40.00

14.00

-246.00

-187.00

196.00

Smurfit Kappa Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-168.00	-220.00	33.00	124.00	72.00

Smurfit Kappa Group 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 semi-annually data reported by the company within the most recent 12 months, which was €196 Mil.

Smurfit Kappa Group (DUB:SK3) Change In Inventory Explanation

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

Smurfit Kappa Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1079	/	3604	*	365 / 2
	=	54.64

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

Smurfit Kappa Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3604	/	1079
	=	3.34

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.

Smurfit Kappa Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1079	/	5435
	=	0.20

Smurfit Kappa Group Change In Inventory Related Terms

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Smurfit Kappa Group (DUB:SK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Smurfit Kappa Group PLC (DUB:SK3) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

SMFTF:USA SMFKY:USA SKGl:UK SKG:UK SK3:Germany

Address

Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2

Website

https://www.smurfitkappa.com

Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

Smurfit Kappa Group (DUB:SK3) Headlines

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