EUROKAI GmbH KGaA (FRA:EUK3) Inventory Turnover : 14.03 (As of Dec. 2023)

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What is EUROKAI GmbH KGaA 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. EUROKAI GmbH KGaA's Cost of Goods Sold for the six months ended in Dec. 2023 was €86.0 Mil. EUROKAI GmbH KGaA's Average Total Inventories for the quarter that ended in Dec. 2023 was €6.1 Mil. EUROKAI GmbH KGaA's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EUROKAI GmbH KGaA's Days Inventory for the six months ended in Dec. 2023 was 13.01.

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. EUROKAI GmbH KGaA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

EUROKAI GmbH KGaA Inventory Turnover Historical Data

The historical data trend for EUROKAI GmbH KGaA'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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EUROKAI GmbH KGaA Inventory Turnover Chart

EUROKAI GmbH KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.53

24.64

29.50

30.80

28.44

EUROKAI GmbH KGaA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															15.09	15.68	14.73	14.88	14.03

EUROKAI GmbH KGaA Inventory Turnover Calculation

EUROKAI GmbH KGaA'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 )
=	173.264	/ (	(5.833	+	6.352)	/	2 )
=	173.264	/	6.0925
=	28.44

EUROKAI GmbH KGaA'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	85.966	/ (	(5.9	+	6.352)	/	2 )
=	85.966	/	6.126
=	14.03

EUROKAI GmbH KGaA (FRA:EUK3) 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.

EUROKAI GmbH KGaA's Days Inventory for the six 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
	=	6.126	/	85.966	*	365 / 2
	=	13.01

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.

EUROKAI GmbH KGaA'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 )
	=	6.126	/	109.083
	=	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.

EUROKAI GmbH KGaA Inventory Turnover Related Terms

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EUROKAI GmbH KGaA (FRA:EUK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » EUROKAI GmbH & Co KGaA (FRA:EUK3) » Definitions » Inventory Turnover

Traded in Other Exchanges

EUK3:Germany EUK3:Germany EUK2:Germany

Address

Kurt-Eckelmann-Strasse 1, Hamburg, DEU, 21129

Website

https://www.eurokai.de

EUROKAI GmbH & Co KGaA is a container handling company, which focuses on the European market. It offers container handling services, such as loading and discharging of container vessels, ship clearance, safety, and customer services; container-depot and repair services, including containers management and handling, intermediate storage, repair, servicing, box cleaning, and 24-hour refrigeration, as well as buys and sells new and used containers. The company operates in three segments: Eurokai, Contship, and Eurogate. It operates container terminals at the seaports of La Spezia, Ravenna and Salerno in Italy; Bremerhaven and Wilhelmshaven in Germany; Tangier in Morocco; Limassol in Cyprus; Lisbon in Portugal; and Ust-Luga in Russia.

Executives

Christian Kleinfeldt

Supervisory Board

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