Rayonier Advanced Materials (STU:RYQ) Inventory Turnover : 1.61 (As of Mar. 2024)

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What is Rayonier Advanced Materials 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. Rayonier Advanced Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was €323 Mil. Rayonier Advanced Materials's Average Total Inventories for the quarter that ended in Mar. 2024 was €200 Mil. Rayonier Advanced Materials's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rayonier Advanced Materials's Days Inventory for the three months ended in Mar. 2024 was 56.54.

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. Rayonier Advanced Materials's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Rayonier Advanced Materials Inventory Turnover Historical Data

The historical data trend for Rayonier Advanced Materials'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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Rayonier Advanced Materials Inventory Turnover Chart

Rayonier Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.03

5.75

6.85

6.62

6.47

Rayonier Advanced Materials 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															1.70	1.61	1.57	1.74	1.61

Rayonier Advanced Materials Inventory Turnover Calculation

Rayonier Advanced Materials'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 )
=	1426.097	/ (	(250.475	+	190.254)	/	2 )
=	1426.097	/	220.3645
=	6.47

Rayonier Advanced Materials'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 )
=	322.824	/ (	(190.254	+	209.806)	/	2 )
=	322.824	/	200.03
=	1.61

Rayonier Advanced Materials (STU:RYQ) 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.

Rayonier Advanced Materials'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
	=	200.03	/	322.824	*	365 / 4
	=	56.54

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.

Rayonier Advanced Materials'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 )
	=	200.03	/	356.644
	=	0.56

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.

Rayonier Advanced Materials Inventory Turnover Related Terms

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Rayonier Advanced Materials (STU:RYQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rayonier Advanced Materials Inc (STU:RYQ) » Definitions » Inventory Turnover

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RYAM:USA

Address

1301 Riverplace Boulevard, Suite 2300, Jacksonville, FL, USA, 32207

Website

https://www.rayonieram.com

Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

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