CCC Intelligent Solutions Holdings (FRA:0B1) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is CCC Intelligent Solutions Holdings 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. CCC Intelligent Solutions Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €54.6 Mil. CCC Intelligent Solutions Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CCC Intelligent Solutions Holdings's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. CCC Intelligent Solutions Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

CCC Intelligent Solutions Holdings Inventory Turnover Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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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CCC Intelligent Solutions Holdings Inventory Turnover Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

CCC Intelligent Solutions Holdings Inventory Turnover Calculation

CCC Intelligent Solutions Holdings'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 )
=	211.111	/ (	(0	+	0)	/	1 )
=	211.111	/	0
=	N/A

CCC Intelligent Solutions Holdings'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 )
=	54.625	/ (	(0	+	0)	/	1 )
=	54.625	/	0
=	N/A

CCC Intelligent Solutions Holdings (FRA:0B1) 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.

CCC Intelligent Solutions Holdings'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
	=	0	/	54.625	*	365 / 4
	=	0.00

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.

CCC Intelligent Solutions Holdings'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 )
	=	0	/	209.058
	=	0.00

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.

CCC Intelligent Solutions Holdings Inventory Turnover Related Terms

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CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

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