Unior Kovaska industrija DD (XLJU:UKIG) Inventory Turnover : 0.56 (As of Dec. 2023)

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What is Unior Kovaska industrija DD 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. Unior Kovaska industrija DD's Cost of Goods Sold for the three months ended in Dec. 2023 was €48.5 Mil. Unior Kovaska industrija DD's Average Total Inventories for the quarter that ended in Dec. 2023 was €85.9 Mil. Unior Kovaska industrija DD's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Unior Kovaska industrija DD's Days Inventory for the three months ended in Dec. 2023 was 161.64.

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. Unior Kovaska industrija DD's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.18.

Unior Kovaska industrija DD Inventory Turnover Historical Data

The historical data trend for Unior Kovaska industrija DD'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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Unior Kovaska industrija DD Inventory Turnover Chart

Unior Kovaska industrija DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.51

2.28

1.82

2.04

2.13

Unior Kovaska industrija DD 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															0.52	0.50	0.49	0.44	0.56

Unior Kovaska industrija DD Inventory Turnover Calculation

Unior Kovaska industrija DD'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 )
=	185.322	/ (	(96.464	+	77.878)	/	2 )
=	185.322	/	87.171
=	2.13

Unior Kovaska industrija DD'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 )
=	48.476	/ (	(93.858	+	77.878)	/	2 )
=	48.476	/	85.868
=	0.56

Unior Kovaska industrija DD (XLJU:UKIG) 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.

Unior Kovaska industrija DD'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
	=	85.868	/	48.476	*	365 / 4
	=	161.64

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.

Unior Kovaska industrija DD'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 )
	=	85.868	/	72.768
	=	1.18

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.

Unior Kovaska industrija DD Inventory Turnover Related Terms

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Unior Kovaska industrija DD (XLJU:UKIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Unior Kovaska industrija DD (XLJU:UKIG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Kovaska cesta 10, Zrece, SVN, 3214

Website

https://www.unior.si

Unior Kovaska industrija DD is a Slovenia-based company engaged in manufacturing forged parts, hand tools, and machine tools. It has five business segments. The Forge Programme segment develops, forges, sinters, and processes products and assemblies for the automotive industry and other buyers. Through the Hand Tools Programme segment, the company applies updated technological findings in the production of hand tools. The Special Machines Programme segment consists of the development and construction of specific-purpose CNC machine tools which are intended for the treatment of steel and aluminium blanks or blanks of other castings. Its other segments include Joint services and Maintenance. The majority of the revenue is derived from the Forge Programme in international countries.

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