CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) Inventory Turnover : 22.17 (As of Dec. 2023)

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What is CIA de Gas deo Paulo - COMGAS 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. CIA de Gas deo Paulo - COMGAS's Cost of Goods Sold for the three months ended in Dec. 2023 was R$3,151 Mil. CIA de Gas deo Paulo - COMGAS's Average Total Inventories for the quarter that ended in Dec. 2023 was R$142 Mil. CIA de Gas deo Paulo - COMGAS's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CIA de Gas deo Paulo - COMGAS's Days Inventory for the three months ended in Dec. 2023 was 4.12.

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. CIA de Gas deo Paulo - COMGAS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

CIA de Gas deo Paulo - COMGAS Inventory Turnover Historical Data

The historical data trend for CIA de Gas deo Paulo - COMGAS'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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CIA de Gas deo Paulo - COMGAS Inventory Turnover Chart

CIA de Gas deo Paulo - COMGAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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82.69

52.28

68.87

108.64

89.68

CIA de Gas deo Paulo - COMGAS 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															28.24	23.01	20.97	19.20	22.17

CIA de Gas deo Paulo - COMGAS Inventory Turnover Calculation

CIA de Gas deo Paulo - COMGAS'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 )
=	11926.244	/ (	(123.86	+	142.12)	/	2 )
=	11926.244	/	132.99
=	89.68

CIA de Gas deo Paulo - COMGAS'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 )
=	3151.132	/ (	(0	+	142.12)	/	1 )
=	3151.132	/	142.12
=	22.17

CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) 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.

CIA de Gas deo Paulo - COMGAS'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
	=	142.12	/	3151.132	*	365 / 4
	=	4.12

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.

CIA de Gas deo Paulo - COMGAS'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 )
	=	142.12	/	3726.333
	=	0.04

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.

CIA de Gas deo Paulo - COMGAS Inventory Turnover Related Terms

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CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA de Gas de Sao Paulo - COMGAS (BSP:CGAS5) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CGAS3:Brazil

Address

Brigadeiro Faria Lima Avenue, 4,100 / 4th floor, Itaim Bibi, SP, BRA, 04538-132

Website

http://www.comgas.com.br

CIA de Gas de Sao Paulo - COMGAS distributes piped natural gas in part of the State of Sao Paulo for consumers in the industrial, residential, commercial, automotive, thermal generation and cogeneration sectors.

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