Societatea Energetica Electrica (BSE:EL) Inventory Turnover : 20.57 (As of Dec. 2023)

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What is Societatea Energetica Electrica 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. Societatea Energetica Electrica's Cost of Goods Sold for the three months ended in Dec. 2023 was lei2,573 Mil. Societatea Energetica Electrica's Average Total Inventories for the quarter that ended in Dec. 2023 was lei125 Mil. Societatea Energetica Electrica's Inventory Turnover for the quarter that ended in Dec. 2023 was 20.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Societatea Energetica Electrica's Days Inventory for the three months ended in Dec. 2023 was 4.44.

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. Societatea Energetica Electrica's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Societatea Energetica Electrica Inventory Turnover Historical Data

The historical data trend for Societatea Energetica Electrica'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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Societatea Energetica Electrica Inventory Turnover Chart

Societatea Energetica Electrica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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69.04

65.52

88.41

120.31

88.77

Societatea Energetica Electrica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															26.46	28.31	24.26	19.27	20.57

Societatea Energetica Electrica Inventory Turnover Calculation

Societatea Energetica Electrica'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 )
=	10192.768	/ (	(113.972	+	115.66)	/	2 )
=	10192.768	/	114.816
=	88.77

Societatea Energetica Electrica'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2572.818	/ (	(134.515	+	115.66)	/	2 )
=	2572.818	/	125.0875
=	20.57

Societatea Energetica Electrica (BSE:EL) 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.

Societatea Energetica Electrica's Days Inventory for the three 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
	=	125.0875	/	2572.818	*	365 / 4
	=	4.44

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.

Societatea Energetica Electrica'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 )
	=	125.0875	/	2660.033
	=	0.05

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.

Societatea Energetica Electrica Inventory Turnover Related Terms

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Societatea Energetica Electrica (BSE:EL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Societatea Energetica Electrica SA (BSE:EL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ELSA:UK ECEA:Germany

Address

No. 9, Grigore Alexandrescu Street, 1st District, Bucharest, ROU, 010621

Website

https://www.electrica.ro

Societatea Energetica Electrica SA is a Romanian company, which is engaged in operation and development of electricity distribution networks and activities related to electricity supply to final consumers. It mainly acts as an electricity distribution operator and the main electricity supplier in North Transylvania, South Transylvania, and North Muntenia. The company operates through following segments: Electricity & gas supply, which is engaged in purchasing and supplying electricity and gas to end consumers; Electricity distribution, which provides electricity distribution services; External electricity network services, which offers repairs, maintenance and other services for electricity networks owned by other distributors; Electricity generation segment; and Headquarters.