AMAG Austria Metall AG (WBO:AMAG) Inventory Turnover : 1.28 (As of Dec. 2023)

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What is AMAG Austria Metall 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. AMAG Austria Metall AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €568 Mil. AMAG Austria Metall AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €443 Mil. AMAG Austria Metall AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AMAG Austria Metall AG's Days Inventory for the six months ended in Dec. 2023 was 142.26.

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. AMAG Austria Metall AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

AMAG Austria Metall AG Inventory Turnover Historical Data

The historical data trend for AMAG Austria Metall 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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AMAG Austria Metall AG Inventory Turnover Chart

AMAG Austria Metall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.52

3.01

3.12

3.23

2.65

AMAG Austria Metall AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.52	1.59	1.42	1.38	1.28

AMAG Austria Metall AG Inventory Turnover Calculation

AMAG Austria Metall 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 )
=	1217.605	/ (	(486.882	+	433.103)	/	2 )
=	1217.605	/	459.9925
=	2.65

AMAG Austria Metall AG'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	567.75	/ (	(452.016	+	433.103)	/	2 )
=	567.75	/	442.5595
=	1.28

AMAG Austria Metall AG (WBO:AMAG) 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.

AMAG Austria Metall AG's Days Inventory for the six 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
	=	442.5595	/	567.75	*	365 / 2
	=	142.26

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.

AMAG Austria Metall AG'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 )
	=	442.5595	/	662.797
	=	0.67

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.

AMAG Austria Metall AG Inventory Turnover Related Terms

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AMAG Austria Metall AG (WBO:AMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AMAG Austria Metall AG (WBO:AMAG) » Definitions » Inventory Turnover

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AM8:Germany

Address

Lamprechtshausener Strasse 61, P.O. Box 3, Braunau-Ranshofen, Ranshofen, AUT, A-5282

Website

https://www.amag-al4u.com

AMAG Austria Metall AG produces and sells high-quality cast and rolled aluminum products. The firm organizes its segments based on function. The metal segment purchases aluminum scrap and produces aluminum. The casting segment produces high-quality cast aluminum alloys for use by the automotive and electrical engineering industries. The rolling segment, which generates the majority of revenue, manufactures high-quality rolled aluminum products such as sheets, strips, and plates for use in the automotive, sports, engineering, and transportation markets. The segment also produces foil for packaging industries. The majority of revenue is generated in Western Europe and Austria.