RHI Magnesita NV (WBO:RHIM) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is RHI Magnesita NV 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. RHI Magnesita NV's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,394 Mil. RHI Magnesita NV's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,012 Mil. RHI Magnesita NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RHI Magnesita NV's Days Inventory for the six months ended in Dec. 2023 was 132.40.

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. RHI Magnesita NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

RHI Magnesita NV Inventory Turnover Historical Data

The historical data trend for RHI Magnesita NV'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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RHI Magnesita NV Inventory Turnover Chart

RHI Magnesita NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.39

3.22

2.75

2.55

2.69

RHI Magnesita NV Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									1.26	1.17	1.23	1.27	1.38

RHI Magnesita NV Inventory Turnover Calculation

RHI Magnesita NV'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 )
=	2714.4	/ (	(1036.3	+	983.1)	/	2 )
=	2714.4	/	1009.7
=	2.69

RHI Magnesita NV'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 )
=	1394.4	/ (	(1040.1	+	983.1)	/	2 )
=	1394.4	/	1011.6
=	1.38

RHI Magnesita NV (WBO:RHIM) 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.

RHI Magnesita NV'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
	=	1011.6	/	1394.4	*	365 / 2
	=	132.40

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.

RHI Magnesita NV'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 )
	=	1011.6	/	1837.7
	=	0.55

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.

RHI Magnesita NV Inventory Turnover Related Terms

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RHI Magnesita NV (WBO:RHIM) Business Description

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Address

Kranichberggasse 6, Vienna, AUT, 1120

Website

https://www.rhimagnesita.com

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has two main operating segments, Steel and Industrial. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, chemicals Industries. The company generates maximum revenue from the Steel segment. Its geographical markets are Europe, North America, Asia Pacific, South America, and MEA-CIS.

RHI Magnesita NV (WBO:RHIM) Headlines

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