Klil Industries (XTAE:KLIL) Inventory Turnover : 0.85 (As of Mar. 2024)

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What is Klil Industries 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. Klil Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪62.2 Mil. Klil Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₪73.0 Mil. Klil Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Klil Industries's Days Inventory for the three months ended in Mar. 2024 was 107.23.

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. Klil Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.97.

Klil Industries Inventory Turnover Historical Data

The historical data trend for Klil Industries'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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Klil Industries Inventory Turnover Chart

Klil Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.35

4.32

4.55

3.85

3.33

Klil Industries 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															0.93	0.83	0.88	0.76	0.85

Klil Industries Inventory Turnover Calculation

Klil Industries'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 )
=	304.246	/ (	(107.246	+	75.318)	/	2 )
=	304.246	/	91.282
=	3.33

Klil Industries'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 )
=	62.153	/ (	(75.318	+	70.759)	/	2 )
=	62.153	/	73.0385
=	0.85

Klil Industries (XTAE:KLIL) 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.

Klil Industries'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
	=	73.0385	/	62.153	*	365 / 4
	=	107.23

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.

Klil Industries'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 )
	=	73.0385	/	75.593
	=	0.97

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.

Klil Industries Inventory Turnover Related Terms

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Klil Industries (XTAE:KLIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Klil Industries Ltd (XTAE:KLIL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Eastern Industrial Zone, PO Box 659, Karmiel, ISR, 20100

Website

http://www.klil.co.il

Klil Industries Ltd is a Israel based company operates in the Primary aluminum sector. It designs, develops and markets aluminium systems for construction and industrial applications. Its product line includes windows and doors, kill blinds & shades systems, curtain walls & aluminium panels and finished aluminium products.

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