Bulgartabac Holding AD (XBUL:BTH) Inventory Turnover : 1.52 (As of Dec. 2016)

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What is Bulgartabac Holding AD 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. Bulgartabac Holding AD's Cost of Goods Sold for the three months ended in Dec. 2016 was лв57.1 Mil. Bulgartabac Holding AD's Average Total Inventories for the quarter that ended in Dec. 2016 was лв37.5 Mil. Bulgartabac Holding AD's Inventory Turnover for the quarter that ended in Dec. 2016 was 1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bulgartabac Holding AD's Days Inventory for the three months ended in Dec. 2016 was 60.01.

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. Bulgartabac Holding AD's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 0.35.

Bulgartabac Holding AD Inventory Turnover Historical Data

The historical data trend for Bulgartabac Holding AD'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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Bulgartabac Holding AD Inventory Turnover Chart

Bulgartabac Holding AD Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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1.51

1.59

1.81

2.34

3.49

Bulgartabac Holding AD Quarterly Data
	Dec09	Dec10	Dec11	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.55	0.31	1.21	1.52

Bulgartabac Holding AD Inventory Turnover Calculation

Bulgartabac Holding AD's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	201.353	/ (	(83.588	+	31.734)	/	2 )
=	201.353	/	57.661
=	3.49

Bulgartabac Holding AD's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

	Inventory Turnover (Q: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2016 )	/ (	(Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )
=	57.052	/ (	(43.303	+	31.734)	/	2 )
=	57.052	/	37.5185
=	1.52

Bulgartabac Holding AD (XBUL:BTH) 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.

Bulgartabac Holding AD's Days Inventory for the three months ended in Dec. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2016 )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
	=	37.5185	/	57.052	*	365 / 4
	=	60.01

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.

Bulgartabac Holding AD's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2016 )	/	Revenue (Q: Dec. 2016 )
	=	37.5185	/	108.575
	=	0.35

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.

Bulgartabac Holding AD Inventory Turnover Related Terms

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Bulgartabac Holding AD (XBUL:BTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Bulgartabac Holding AD (XBUL:BTH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Graf Ignatiev Street, Sofia, BGR, 1000

Website

http://www.bulgartabac.bg

Bulgartabac Holding AD is a cigarettes manufacturer in Bulgaria. The company is an exporter of processed Virginia, Burley & Oriental tobaccos. It supplies aromatic and semi-aromatic types of tobaccos. Its products include Victory, Class S, Femina Slim, Prestige & Welcome.

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