Hellenic Telecommunication Organization (ATH:HTO) Inventory Turnover : 3.80 (As of Mar. 2024)

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What is Hellenic Telecommunication Organization 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. Hellenic Telecommunication Organization's Cost of Goods Sold for the three months ended in Mar. 2024 was €215 Mil. Hellenic Telecommunication Organization's Average Total Inventories for the quarter that ended in Mar. 2024 was €56 Mil. Hellenic Telecommunication Organization's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hellenic Telecommunication Organization's Days Inventory for the three months ended in Mar. 2024 was 23.99.

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. Hellenic Telecommunication Organization's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Hellenic Telecommunication Organization Inventory Turnover Historical Data

The historical data trend for Hellenic Telecommunication Organization'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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Hellenic Telecommunication Organization Inventory Turnover Chart

Hellenic Telecommunication Organization Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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10.60

11.40

19.01

23.20

17.42

Hellenic Telecommunication Organization Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.65	4.08	3.13	3.91	3.80

Hellenic Telecommunication Organization Inventory Turnover Calculation

Hellenic Telecommunication Organization'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 )
=	801.4	/ (	(38	+	54)	/	2 )
=	801.4	/	46
=	17.42

Hellenic Telecommunication Organization'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	214.5	/ (	(51.1	+	61.7)	/	2 )
=	214.5	/	56.4
=	3.80

Hellenic Telecommunication Organization (ATH:HTO) 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.

Hellenic Telecommunication Organization'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
	=	56.4	/	214.5	*	365 / 4
	=	23.99

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.

Hellenic Telecommunication Organization'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 )
	=	56.4	/	877.6
	=	0.06

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.

Hellenic Telecommunication Organization Inventory Turnover Related Terms

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Hellenic Telecommunication Organization (ATH:HTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hellenic Telecommunication Organization SA (ATH:HTO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HLTOY:USA 0FIZ:UK OTE:Germany

Address

99 Kifissias Avenue, Maroussi, Athens, GRC, 15124

Website

https://www.cosmote.gr

Hellenic Telecommunication Organization is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: 1) OTE is a provider of fixed-line services, internet access services, ICT services and TV services in Greece. 2) Cosmonote Group- Greece is a provider of mobile telecommunications, retail operations (shops) and customer services. 3) Telekom Romania Mobile is a provider of mobile telecommunications services in Romania. The majority of revenue earned by the company is from OTE segment.

Hellenic Telecommunication Organization (ATH:HTO) Headlines

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