Vitesco Technologies Group AG (Vitesco Technologies Group AG) Inventory Turnover : 2.01 (As of Mar. 2024)

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What is Vitesco Technologies Group AG 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. Vitesco Technologies Group AG's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,856 Mil. Vitesco Technologies Group AG's Average Total Inventories for the quarter that ended in Mar. 2024 was $925 Mil. Vitesco Technologies Group AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vitesco Technologies Group AG's Days Inventory for the three months ended in Mar. 2024 was 45.48.

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. Vitesco Technologies Group AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Vitesco Technologies Group AG Inventory Turnover Historical Data

The historical data trend for Vitesco Technologies Group AG'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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Vitesco Technologies Group AG Inventory Turnover Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.55

12.35

10.25

9.38

9.60

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													2.24	2.20	2.01	2.17	2.01

Vitesco Technologies Group AG Inventory Turnover Calculation

Vitesco Technologies Group AG'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 )
=	8528.789	/ (	(876.271	+	899.782)	/	2 )
=	8528.789	/	888.0265
=	9.60

Vitesco Technologies Group AG'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 )
=	1856.196	/ (	(899.782	+	950.652)	/	2 )
=	1856.196	/	925.217
=	2.01

Vitesco Technologies Group AG (OTCPK:VTSCY) 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.

Vitesco Technologies Group AG'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
	=	925.217	/	1856.196	*	365 / 4
	=	45.48

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.

Vitesco Technologies Group AG'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 )
	=	925.217	/	2165.109
	=	0.43

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.

Vitesco Technologies Group AG Inventory Turnover Related Terms

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Vitesco Technologies Group AG (Vitesco Technologies Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (OTCPK:VTSCY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

VTSCF:USA 0AAF:UK VTSC:Germany VTSC:Austria

Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

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