Vetropack Holding AG (XSWX:VETN) Inventory Turnover : 0.87 (As of Dec. 2023)

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What is Vetropack Holding AG 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. Vetropack Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF172.6 Mil. Vetropack Holding AG's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF197.8 Mil. Vetropack Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vetropack Holding AG's Days Inventory for the six months ended in Dec. 2023 was 209.09.

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. Vetropack Holding AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Vetropack Holding AG Inventory Turnover Historical Data

The historical data trend for Vetropack Holding AG'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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Vetropack Holding AG Inventory Turnover Chart

Vetropack Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.61

1.31

1.90

2.45

1.98

Vetropack Holding AG 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															1.06	1.09	1.35	1.00	0.87

Vetropack Holding AG Inventory Turnover Calculation

Vetropack Holding AG'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 )
=	348.9	/ (	(154.8	+	196.9)	/	2 )
=	348.9	/	175.85
=	1.98

Vetropack Holding AG'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 )
=	172.6	/ (	(198.6	+	196.9)	/	2 )
=	172.6	/	197.75
=	0.87

Vetropack Holding AG (XSWX:VETN) 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.

Vetropack Holding AG'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
	=	197.75	/	172.6	*	365 / 2
	=	209.09

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.

Vetropack Holding AG'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 )
	=	197.75	/	420.9
	=	0.47

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.

Vetropack Holding AG Inventory Turnover Related Terms

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Vetropack Holding AG (XSWX:VETN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Vetropack Holding AG (XSWX:VETN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VETNz:UK

Address

Schutzenmattstrasse 48, Bulach, CHE, 8180

Website

https://www.vetropack.com

Vetropack Holding AG is a glass packaging manufacturer serving the food and beverage industry. The company offers services including package design, production and just-in-time delivery to consulting and support services in the area of packaging analysis, bottling, conditioning, closure technology, decorative refinement, and labelling. It has its production and distribution facilities in Switzerland, Austria, the Czech Republic, Slovakia, Croatia, Ukraine, and Italy. The segment reporting used at the top management level for corporate management has just one segment (Glass packaging). The secondary segment Speciality glass comprises only trade revenue in Switzerland.

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