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Grammer AG (WBO:GMM) Inventory Turnover : 2.76 (As of Mar. 2024)


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What is Grammer 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. Grammer AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €502 Mil. Grammer AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €182 Mil. Grammer AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grammer AG's Days Inventory for the three months ended in Mar. 2024 was 33.08.

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. Grammer AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

Grammer AG Inventory Turnover Historical Data

The historical data trend for Grammer 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.

* Premium members only.

Grammer AG Inventory Turnover Chart

Grammer AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.53 9.23 9.98 10.40 10.91

Grammer AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.76 2.82 2.71 2.71 2.76

Grammer AG Inventory Turnover Calculation

Grammer 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 )
=2062.076 / ((194.874 + 183.029) / 2 )
=2062.076 / 188.9515
=10.91

Grammer 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 )
=502.383 / ((183.029 + 181.179) / 2 )
=502.383 / 182.104
=2.76

* 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.

Grammer AG  (WBO:GMM) 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.

Grammer 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
=182.104/502.383*365 / 4
=33.08

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.

Grammer 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 )
=182.104 / 556.563
=0.33

* 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.

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.

Grammer AG Inventory Turnover Related Terms

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Grammer AG (WBO:GMM) Business Description

Industry
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Traded in Other Exchanges
GMM:Germany
Address
Grammer-Allee 2, Ursensollen, BY, DEU, 92289
Website
https://www.grammer.com
Grammer AG is a company that is engaged in developing and manufacturing components and systems for car interiors. It is active in producing auto parts including seats for heavy and off-road vehicles and cars. It manages its business in two segments namely Automotive and Commercial segments. The automotive division supplies interior components such as headrests. armrests and centre console and other spare parts. It also sells driver seats for offroad vehicles such as tractors, construction machinery and forklifts. The company operates its business globally. It earns the majority of its revenue from EMEA region followed by Americas and from APAC region as well.