4iG Nyrt (BUD:4IG) Inventory Turnover : 6.39 (As of Mar. 2024)

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What is 4iG Nyrt 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. 4iG Nyrt's Cost of Goods Sold for the three months ended in Mar. 2024 was Ft93,573 Mil. 4iG Nyrt's Average Total Inventories for the quarter that ended in Mar. 2024 was Ft14,641 Mil. 4iG Nyrt's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 4iG Nyrt's Days Inventory for the three months ended in Mar. 2024 was 14.28.

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. 4iG Nyrt's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

4iG Nyrt Inventory Turnover Historical Data

The historical data trend for 4iG Nyrt'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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4iG Nyrt Inventory Turnover Chart

4iG Nyrt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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97.45

26.95

29.46

29.70

31.52

4iG Nyrt 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															4.46	4.77	5.60	5.82	6.39

4iG Nyrt Inventory Turnover Calculation

4iG Nyrt'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 )
=	363016	/ (	(10727	+	12305)	/	2 )
=	363016	/	11516
=	31.52

4iG Nyrt'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 )
=	93573	/ (	(12305	+	16977)	/	2 )
=	93573	/	14641
=	6.39

4iG Nyrt (BUD:4IG) 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.

4iG Nyrt'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
	=	14641	/	93573	*	365 / 4
	=	14.28

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.

4iG Nyrt'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 )
	=	14641	/	157660
	=	0.09

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.

4iG Nyrt Inventory Turnover Related Terms

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4iG Nyrt (BUD:4IG) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 4iG Nyrt (BUD:4IG) » Definitions » Inventory Turnover

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Address

Montevideo Street 8, Budapest, HUN, 1037

Website

https://www.4ig.hu

4iG Nyrt operates in the software application industry in Hungary. The company is engaged in project management and professional quality assurance, operation of database and application servers, oracle ERP and CMS development, implementation and operate ECM solutions, and account management consultancy. It operates through the following segments: IT services and trade; Telecommunications and Other activities. The company generates maximum revenue from the Telecommunications segment.

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