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029 Group SE (XTER:Z29) Inventory Turnover : 0.00 (As of Dec. 2023)


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What is 029 Group SE 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. 029 Group SE's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.05 Mil. 029 Group SE's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 029 Group SE's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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.

029 Group SE Inventory Turnover Historical Data

The historical data trend for 029 Group SE'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.

* Premium members only.

029 Group SE Inventory Turnover Chart

029 Group SE Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
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029 Group SE Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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029 Group SE Inventory Turnover Calculation

029 Group SE'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 )
=0.096 / ((0 + 0) / 1 )
=0.096 / 0
=N/A

029 Group SE'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 )
=0.048 / ((0 + 0) / 1 )
=0.048 / 0
=N/A

* 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.

029 Group SE  (XTER:Z29) 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.

029 Group SE'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
=0/0.048*365 / 2
=0.00

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.

029 Group SE'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 )
=0 / 0
=

* 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.

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.

029 Group SE Inventory Turnover Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » Inventory Turnover
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XTER:B7E XTER:PZS XTER:SGF XTER:SVE XTER:A7A FRA:SPT6 XTER:MPCK FRA:2INV HAM:GBQ FRA:PEH BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
Z29:Germany
Address
Neue Schonhauserstr. 3-5, Berlin, DEU, 10178
Website
https://www.029-group.com/de
029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

029 Group SE (XTER:Z29) Headlines

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