OC Oerlikon AG, Pfaffikon (XSWX:OERL) Inventory Turnover : 2.10 (As of Dec. 2023)

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What is OC Oerlikon AG, Pfaffikon 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. OC Oerlikon AG, Pfaffikon's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF974 Mil. OC Oerlikon AG, Pfaffikon's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF465 Mil. OC Oerlikon AG, Pfaffikon's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OC Oerlikon AG, Pfaffikon's Days Inventory for the six months ended in Dec. 2023 was 87.03.

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. OC Oerlikon AG, Pfaffikon's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

OC Oerlikon AG, Pfaffikon Inventory Turnover Historical Data

The historical data trend for OC Oerlikon AG, Pfaffikon'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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OC Oerlikon AG, Pfaffikon Inventory Turnover Chart

OC Oerlikon AG, Pfaffikon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.48

5.25

5.31

4.78

4.54

OC Oerlikon AG, Pfaffikon 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															2.65	2.23	2.23	2.06	2.10

OC Oerlikon AG, Pfaffikon Inventory Turnover Calculation

OC Oerlikon AG, Pfaffikon'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 )
=	2042	/ (	(504	+	395)	/	2 )
=	2042	/	449.5
=	4.54

OC Oerlikon AG, Pfaffikon'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 )
=	974	/ (	(534	+	395)	/	2 )
=	974	/	464.5
=	2.10

OC Oerlikon AG, Pfaffikon (XSWX:OERL) 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.

OC Oerlikon AG, Pfaffikon'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
	=	464.5	/	974	*	365 / 2
	=	87.03

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.

OC Oerlikon AG, Pfaffikon'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 )
	=	464.5	/	1256
	=	0.37

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.

OC Oerlikon AG, Pfaffikon Inventory Turnover Related Terms

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OC Oerlikon AG, Pfaffikon (XSWX:OERL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OC Oerlikon Corp AG, Pfaffikon (XSWX:OERL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OERLF:USA OERLz:UK 0QO3:UK OBH0:Germany

Address

Churerstrasse 120, Pfaffikon, CHE, 8808

Website

https://www.oerlikon.com

OC Oerlikon Corp AG, Pfaffikon engineers protective coatings for precision tools and components and equipment for textile production. The company has two operating segments namely Surface Solutions Division and Polymer Processing Solutions Division. It generates maximum revenue from the Polymer Processing Solutions Division segment. The Polymer Processing Solutions Division is a world market leader for solutions and systems used to manufacture manmade fibers that enable customers to produce high-quality synthetic fibers.

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