Zardoya Otis (XMAD:ZOT) Inventory Turnover : 2.17 (As of Nov. 2021)

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What is Zardoya Otis 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. Zardoya Otis's Cost of Goods Sold for the three months ended in Nov. 2021 was €64.2 Mil. Zardoya Otis's Average Total Inventories for the quarter that ended in Nov. 2021 was €29.6 Mil. Zardoya Otis's Inventory Turnover for the quarter that ended in Nov. 2021 was 2.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zardoya Otis's Days Inventory for the three months ended in Nov. 2021 was 42.06.

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. Zardoya Otis's Inventory-to-Revenue for the quarter that ended in Nov. 2021 was 0.15.

Zardoya Otis Inventory Turnover Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Inventory Turnover Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Inventory Turnover

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8.02

7.90

9.69

9.43

9.14

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Inventory Turnover	Get a 7-Day Free Trial															2.23	2.20	2.45	2.40	2.17

Zardoya Otis Inventory Turnover Calculation

Zardoya Otis's Inventory Turnover for the fiscal year that ended in Nov. 2021 is calculated as

	Inventory Turnover (A: Nov. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2021 )	/ (	(Total Inventories (A: Nov. 2020 )	+	Total Inventories (A: Nov. 2021 ))	/	count )
=	270.016	/ (	(29.479	+	29.598)	/	2 )
=	270.016	/	29.5385
=	9.14

Zardoya Otis's Inventory Turnover for the quarter that ended in Nov. 2021 is calculated as

	Inventory Turnover (Q: Nov. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2021 )	/ (	(Total Inventories (Q: Aug. 2021 )	+	Total Inventories (Q: Nov. 2021 ))	/	count )
=	64.216	/ (	(0	+	29.598)	/	1 )
=	64.216	/	29.598
=	2.17

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis's Days Inventory for the three months ended in Nov. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2021 )	/	Cost of Goods Sold (Q: Nov. 2021 )	*	Days in Period
	=	29.598	/	64.216	*	365 / 4
	=	42.06

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.

Zardoya Otis's Inventory to Revenue for the quarter that ended in Nov. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2021 )	/	Revenue (Q: Nov. 2021 )
	=	29.598	/	202.683
	=	0.15

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.

Zardoya Otis Inventory Turnover Related Terms

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Zardoya Otis (XMAD:ZOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » Inventory Turnover

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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