Odlewnie Polskie (WAR:ODL) Inventory Turnover : 1.32 (As of Dec. 2023)

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What is Odlewnie Polskie 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. Odlewnie Polskie's Cost of Goods Sold for the three months ended in Dec. 2023 was zł47.6 Mil. Odlewnie Polskie's Average Total Inventories for the quarter that ended in Dec. 2023 was zł36.0 Mil. Odlewnie Polskie's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odlewnie Polskie's Days Inventory for the three months ended in Dec. 2023 was 69.11.

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. Odlewnie Polskie's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Odlewnie Polskie Inventory Turnover Historical Data

The historical data trend for Odlewnie Polskie'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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Odlewnie Polskie Inventory Turnover Chart

Odlewnie Polskie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.46

8.27

8.77

7.02

5.37

Odlewnie Polskie Quarterly Data
	Mar19	Jun19	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															1.42	1.52	1.40	1.33	1.32

Odlewnie Polskie Inventory Turnover Calculation

Odlewnie Polskie'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 )
=	210.829	/ (	(42.291	+	36.217)	/	2 )
=	210.829	/	39.254
=	5.37

Odlewnie Polskie'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 )
=	47.589	/ (	(35.872	+	36.217)	/	2 )
=	47.589	/	36.0445
=	1.32

Odlewnie Polskie (WAR:ODL) 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.

Odlewnie Polskie'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
	=	36.0445	/	47.589	*	365 / 4
	=	69.11

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.

Odlewnie Polskie'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 )
	=	36.0445	/	54.265
	=	0.66

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.

Odlewnie Polskie Inventory Turnover Related Terms

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Odlewnie Polskie (WAR:ODL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Odlewnie Polskie SA (WAR:ODL) » Definitions » Inventory Turnover

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Address

Aleja Wyzwolenia 70, Starachowice, POL, 27-200

Website

http://www.odlewniepolskie.pl

Odlewnie Polskie SA is involved in producing and selling castings in Poland. It offers castings made of grey cast iron, nodular cast iron, ADI cast iron, SiMo cast iron, and steel cast materials for use in the machine, automotive, heavy rail, energy, and appliance industries, as well as in industrial instruments, and plumbing and sewage systems.

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