DMG Mori Aktiengesellschaft (XTER:GIL) Inventory Turnover : 0.83 (As of Jun. 2023)

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What is DMG Mori Aktiengesellschaft 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. DMG Mori Aktiengesellschaft's Cost of Goods Sold for the six months ended in Jun. 2023 was €611 Mil. DMG Mori Aktiengesellschaft's Average Total Inventories for the quarter that ended in Jun. 2023 was €736 Mil. DMG Mori Aktiengesellschaft's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DMG Mori Aktiengesellschaft's Days Inventory for the six months ended in Jun. 2023 was 219.92.

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. DMG Mori Aktiengesellschaft's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.62.

DMG Mori Aktiengesellschaft Inventory Turnover Historical Data

The historical data trend for DMG Mori Aktiengesellschaft'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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DMG Mori Aktiengesellschaft Inventory Turnover Chart

DMG Mori Aktiengesellschaft Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.50

2.46

1.75

2.03

2.05

DMG Mori Aktiengesellschaft Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.93	1.10	0.98	1.06	0.83

DMG Mori Aktiengesellschaft Inventory Turnover Calculation

DMG Mori Aktiengesellschaft's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1294.685	/ (	(579.091	+	686.34)	/	2 )
=	1294.685	/	632.7155
=	2.05

DMG Mori Aktiengesellschaft's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	610.5	/ (	(686.34	+	785)	/	2 )
=	610.5	/	735.67
=	0.83

DMG Mori Aktiengesellschaft (XTER:GIL) 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.

DMG Mori Aktiengesellschaft's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	735.67	/	610.5	*	365 / 2
	=	219.92

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.

DMG Mori Aktiengesellschaft's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	735.67	/	1188.6
	=	0.62

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.

DMG Mori Aktiengesellschaft Inventory Turnover Related Terms

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DMG Mori Aktiengesellschaft (XTER:GIL) Business Description

Industry

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0OP0:UK

Address

Gildemeisterstrasse 60, Bielefeld, DEU, D-33689

Website

https://www.dmgmori.com

DMG Mori Aktiengesellschaft is a manufacturer of metal-cutting machine tools. The company operates three business segments: machine tools, industrial services, and corporate services. The machine tools segment includes turning and milling companies that produce lathes and milling machines, advanced technologies, and software solutions. Industrial solutions include the entire machine life cycle services. The largest end markets are Germany and the rest of Europe. The company is majority-owned by DMG Mori Company.