Wacker Neuson SE (XTER:WAC) Inventory Turnover : 0.58 (As of Mar. 2024)

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What is Wacker Neuson SE 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. Wacker Neuson SE's Cost of Goods Sold for the three months ended in Mar. 2024 was €454 Mil. Wacker Neuson SE's Average Total Inventories for the quarter that ended in Mar. 2024 was €777 Mil. Wacker Neuson SE's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wacker Neuson SE's Days Inventory for the three months ended in Mar. 2024 was 156.14.

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. Wacker Neuson SE's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.31.

Wacker Neuson SE Inventory Turnover Historical Data

The historical data trend for Wacker Neuson SE'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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Wacker Neuson SE Inventory Turnover Chart

Wacker Neuson SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.47

2.40

3.06

2.94

2.76

Wacker Neuson SE 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															0.70	0.68	0.61	0.63	0.58

Wacker Neuson SE Inventory Turnover Calculation

Wacker Neuson SE'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 )
=	2008.4	/ (	(678.9	+	774.5)	/	2 )
=	2008.4	/	726.7
=	2.76

Wacker Neuson SE'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 )
=	454.3	/ (	(774.5	+	780.2)	/	2 )
=	454.3	/	777.35
=	0.58

Wacker Neuson SE (XTER:WAC) 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.

Wacker Neuson SE'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
	=	777.35	/	454.3	*	365 / 4
	=	156.14

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.

Wacker Neuson SE'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 )
	=	777.35	/	593.1
	=	1.31

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.

Wacker Neuson SE Inventory Turnover Related Terms

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Wacker Neuson SE (XTER:WAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wacker Neuson SE (XTER:WAC) » Definitions » Inventory Turnover

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0K11:UK WAC:Austria

Address

Preussenstrasse 41, Munich, DEU, 80809

Website

https://www.wackerneusongroup.com

Wacker Neuson SE manufactures light and heavy equipment for construction, landscaping, agriculture, recycling, energy, and rail industries. Excavators, dumpers, loaders, concrete technology, generators, and saws make up just a portion of the company's product portfolio. Besides, the company offers attachments and accessories for products to help deliver optimal solutions. Wacker Neuson has three business segments: Compact Equipment (approximately half of the total revenue), Light Equipment, and Services. The company offers a range of services, spare parts, and rental equipment through sales and service stations strategically placed around the world. Europe generates the majority of total revenue, but the company also sells to customers in the Americas and Asia-Pacific.

Wacker Neuson SE (XTER:WAC) Headlines

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