Aluar Aluminio ArgentinoIC (BUE:ALUA) Inventory Turnover : 0.32 (As of Mar. 2024)

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What is Aluar Aluminio ArgentinoIC 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. Aluar Aluminio ArgentinoIC's Cost of Goods Sold for the three months ended in Mar. 2024 was ARS172,354 Mil. Aluar Aluminio ArgentinoIC's Average Total Inventories for the quarter that ended in Mar. 2024 was ARS538,422 Mil. Aluar Aluminio ArgentinoIC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aluar Aluminio ArgentinoIC's Days Inventory for the three months ended in Mar. 2024 was 285.06.

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. Aluar Aluminio ArgentinoIC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.34.

Aluar Aluminio ArgentinoIC Inventory Turnover Historical Data

The historical data trend for Aluar Aluminio ArgentinoIC'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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Aluar Aluminio ArgentinoIC Inventory Turnover Chart

Aluar Aluminio ArgentinoIC Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.26

2.33

4.77

2.25

1.55

Aluar Aluminio ArgentinoIC 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															1.72	-2.06	0.40	0.47	0.32

Aluar Aluminio ArgentinoIC Inventory Turnover Calculation

Aluar Aluminio ArgentinoIC's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	269627.443	/ (	(166065.789	+	181793.434)	/	2 )
=	269627.443	/	173929.6115
=	1.55

Aluar Aluminio ArgentinoIC'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 )
=	172354.284	/ (	(397333.905	+	679509.152)	/	2 )
=	172354.284	/	538421.5285
=	0.32

Aluar Aluminio ArgentinoIC (BUE:ALUA) 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.

Aluar Aluminio ArgentinoIC'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
	=	538421.5285	/	172354.284	*	365 / 4
	=	285.06

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.

Aluar Aluminio ArgentinoIC'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 )
	=	538421.5285	/	230192.416
	=	2.34

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.

Aluar Aluminio ArgentinoIC Inventory Turnover Related Terms

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Aluar Aluminio ArgentinoIC (BUE:ALUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluar Aluminio Argentino SAIC (BUE:ALUA) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Marcelo Torcuato de Alvear 590, 3rd Floor, Buenos Aires, ARG, 1058

Website

http://www.aluar.com.ar

Aluar Aluminio Argentino SAIC is an Argentina based company engaged in manufacturing aluminum and aluminum products. It is used for aerospace, electrical component, construction, and transportation industries. The company offers rolling and alloy ingots, extrusion billets, rods, beams and zinc sows, among others. It also offers integrated solutions for engineering, manufacturing, construction, assembly and industrial services projects.

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