Acerias Paz del Rio (BOG:PAZRIO) Inventory Turnover : 1.22 (As of Dec. 2023)

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What is Acerias Paz del Rio 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. Acerias Paz del Rio's Cost of Goods Sold for the three months ended in Dec. 2023 was COP313,164 Mil. Acerias Paz del Rio's Average Total Inventories for the quarter that ended in Dec. 2023 was COP256,556 Mil. Acerias Paz del Rio's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Acerias Paz del Rio's Days Inventory for the three months ended in Dec. 2023 was 74.76.

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. Acerias Paz del Rio's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

Acerias Paz del Rio Inventory Turnover Historical Data

The historical data trend for Acerias Paz del Rio'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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Acerias Paz del Rio Inventory Turnover Chart

Acerias Paz del Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.95

4.67

5.20

5.28

5.11

Acerias Paz del Rio Quarterly Data
	Sep18	Dec18	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															1.28	1.28	1.18	1.26	1.22

Acerias Paz del Rio Inventory Turnover Calculation

Acerias Paz del Rio'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 )
=	1353052.794	/ (	(274307.457	+	255628.322)	/	2 )
=	1353052.794	/	264967.8895
=	5.11

Acerias Paz del Rio'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 )
=	313164.104	/ (	(257483.49	+	255628.322)	/	2 )
=	313164.104	/	256555.906
=	1.22

Acerias Paz del Rio (BOG:PAZRIO) 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.

Acerias Paz del Rio'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
	=	256555.906	/	313164.104	*	365 / 4
	=	74.76

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.

Acerias Paz del Rio'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 )
	=	256555.906	/	380156.017
	=	0.67

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.

Acerias Paz del Rio Inventory Turnover Related Terms

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Acerias Paz del Rio (BOG:PAZRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Acerias Paz del Rio SA (BOG:PAZRIO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Edificio Megabanco, Piso 6, 13-26, Calle 100, Bogota, COL, 4260

Website

http://www.pazdelrio.com.co

Acerias Paz del Rio SA is a steel production company. It is engaged in the manufacturing of steel products and derivates used in the industrial, metallurgical, construction and agricultural sectors.

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