OPmobility (OPmobility) Inventory Turnover : 4.83 (As of Dec. 2023)

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What is OPmobility 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. OPmobility's Cost of Goods Sold for the six months ended in Dec. 2023 was $4,856 Mil. OPmobility's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,006 Mil. OPmobility's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OPmobility's Days Inventory for the six months ended in Dec. 2023 was 37.81.

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. OPmobility's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

OPmobility Inventory Turnover Historical Data

The historical data trend for OPmobility'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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OPmobility Inventory Turnover Chart

OPmobility Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.00

9.68

9.52

9.90

10.30

OPmobility 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															4.30	4.98	5.25	5.47	4.83

OPmobility Inventory Turnover Calculation

OPmobility'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 )
=	10005.662	/ (	(901.005	+	1042.29)	/	2 )
=	10005.662	/	971.6475
=	10.30

OPmobility'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 )
=	4855.915	/ (	(970.051	+	1042.29)	/	2 )
=	4855.915	/	1006.1705
=	4.83

OPmobility (OTCPK:PASTF) 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.

OPmobility'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
	=	1006.1705	/	4855.915	*	365 / 2
	=	37.81

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.

OPmobility'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 )
	=	1006.1705	/	5475.074
	=	0.18

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.

OPmobility Inventory Turnover Related Terms

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OPmobility (OPmobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OPmobility (OTCPK:PASTF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0NW1:UK POM:France EZM:Germany

Address

1, Allee Pierre-Burelle, Levallois-Perret, Paris, FRA, 92300

Website

https://www.plasticomnium.com

Plastic Omnium is a producer and supplier of automotive body parts and fuel systems. The company operates two business segments: Plastic Omnium Industries and Plastic Omnium Modules. The Industries division manufactures and sells automotive body parts, such as bumpers and tailgates, and fuel systems, including clean energy systems, exclusively to carmakers. The Modules division includes front-end modules assembly and logistics. The company owns a controlling stake in HBPO, which develops and distributes complex automotive technological elements. The company operates in Europe, North America, Asia, South America, and Africa, with carmakers as its main clients. Plastic Omnium generates the majority of its revenue in Europe and North America.

OPmobility (OPmobility) Headlines

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