SIG Group AG (XSWX:SIGN) Inventory Turnover : 2.99 (As of Dec. 2023)

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What is SIG Group 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. SIG Group AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF1,220 Mil. SIG Group AG's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF408 Mil. SIG Group AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SIG Group AG's Days Inventory for the six months ended in Dec. 2023 was 61.06.

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. SIG Group AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

SIG Group AG Inventory Turnover Historical Data

The historical data trend for SIG Group 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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SIG Group AG Inventory Turnover Chart

SIG Group AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.66

8.38

8.48

7.25

6.13

SIG Group AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								3.91	3.12	3.23	2.69	2.99

SIG Group AG Inventory Turnover Calculation

SIG Group 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 )
=	2328.359	/ (	(397.41	+	362.518)	/	2 )
=	2328.359	/	379.964
=	6.13

SIG Group 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 )
=	1219.868	/ (	(453.712	+	362.518)	/	2 )
=	1219.868	/	408.115
=	2.99

SIG Group AG (XSWX:SIGN) 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.

SIG Group 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
	=	408.115	/	1219.868	*	365 / 2
	=	61.06

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.

SIG Group 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 )
	=	408.115	/	1594.08
	=	0.26

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.

SIG Group AG Inventory Turnover Related Terms

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SIG Group AG (XSWX:SIGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SIG Group AG (XSWX:SIGN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SIGCY:USA SCBGF:USA SIGNz:UK 0P4G:UK

Address

Laufengasse 18, Neuhausen am Rheinfall, CHE, 8212

Website

https://www.sig.biz

SIG Group AG is a systems and solutions provider for aseptic carton packaging solutions, comprising filling machines, sleeves, and closures as well as after-market services. Its geographical segments include Europe, the Middle East and Africa (MEA), Asia Pacific (APAC), and the Americas. It generates maximum revenue from the Europe segment. The company offers packaging solutions for the beverages and food industry.

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