Ekotechnika AG (XTER:ETE) Inventory Turnover : 0.95 (As of Sep. 2023)

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What is Ekotechnika 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. Ekotechnika AG's Cost of Goods Sold for the six months ended in Sep. 2023 was €58.5 Mil. Ekotechnika AG's Average Total Inventories for the quarter that ended in Sep. 2023 was €61.4 Mil. Ekotechnika AG's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ekotechnika AG's Days Inventory for the six months ended in Sep. 2023 was 191.48.

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. Ekotechnika AG's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.71.

Ekotechnika AG Inventory Turnover Historical Data

The historical data trend for Ekotechnika 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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Ekotechnika AG Inventory Turnover Chart

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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3.87

3.84

4.61

3.25

1.98

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial													2.39	1.67	1.80	0.97	0.95

Ekotechnika AG Inventory Turnover Calculation

Ekotechnika AG's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	118.803	/ (	(60.588	+	59.681)	/	2 )
=	118.803	/	60.1345
=	1.98

Ekotechnika AG's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	58.535	/ (	(63.151	+	59.681)	/	2 )
=	58.535	/	61.416
=	0.95

Ekotechnika AG (XTER:ETE) 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.

Ekotechnika AG's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	61.416	/	58.535	*	365 / 2
	=	191.48

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.

Ekotechnika AG's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	61.416	/	87.076
	=	0.71

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.

Ekotechnika AG Inventory Turnover Related Terms

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Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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