FOM Technologies A/S (OCSE:FOM) Inventory Turnover : 1.77 (As of Dec. 2023)

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What is FOM Technologies A/S 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. FOM Technologies A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr26.31 Mil. FOM Technologies A/S's Average Total Inventories for the quarter that ended in Dec. 2023 was kr14.87 Mil. FOM Technologies A/S's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FOM Technologies A/S's Days Inventory for the six months ended in Dec. 2023 was 103.14.

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. FOM Technologies A/S's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

FOM Technologies A/S Inventory Turnover Historical Data

The historical data trend for FOM Technologies A/S'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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FOM Technologies A/S Inventory Turnover Chart

FOM Technologies A/S Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.67

4.59

8.09

5.15

3.80

FOM Technologies A/S Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						7.59	13.34	1.56	2.17	1.77

FOM Technologies A/S Inventory Turnover Calculation

FOM Technologies A/S'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 )
=	54.997	/ (	(12.808	+	16.119)	/	2 )
=	54.997	/	14.4635
=	3.80

FOM Technologies A/S'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 )
=	26.313	/ (	(13.623	+	16.119)	/	2 )
=	26.313	/	14.871
=	1.77

FOM Technologies A/S (OCSE:FOM) 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.

FOM Technologies A/S'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
	=	14.871	/	26.313	*	365 / 2
	=	103.14

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.

FOM Technologies A/S'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 )
	=	14.871	/	43.112
	=	0.34

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.

FOM Technologies A/S Inventory Turnover Related Terms

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FOM Technologies A/S (OCSE:FOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FOM Technologies A/S (OCSE:FOM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Artillerivej 86, 1, Copenhagen, DNK, 2300

Website

https://www.fomtechnologies.com

FOM Technologies A/S is engaged in the sale of machinery for material research. The company's products include Machines-rolls; Machines-sheets, and Slot-die-heads.

FOM Technologies A/S (OCSE:FOM) Headlines

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