Agilyx ASA (OSL:AGLX) Inventory Turnover : -0.94 (As of Dec. 2023)

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What is Agilyx ASA 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. Agilyx ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr-23.41 Mil. Agilyx ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr24.90 Mil. Agilyx ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Agilyx ASA Inventory Turnover Historical Data

The historical data trend for Agilyx ASA'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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Agilyx ASA Inventory Turnover Chart

Agilyx ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

30.54

8.23

3.35

Agilyx ASA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			22.98	15.16	-0.79	3.91	-0.94

Agilyx ASA Inventory Turnover Calculation

Agilyx ASA'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 )
=	55.902	/ (	(16.668	+	0)	/	1 )
=	55.902	/	16.668
=	3.35

Agilyx ASA'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 )
=	-23.409	/ (	(24.896	+	0)	/	1 )
=	-23.409	/	24.896
=	-0.94

Agilyx ASA (OSL:AGLX) 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.

Agilyx ASA'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
	=	24.896	/	-23.409	*	365 / 2
	=

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.

Agilyx ASA'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 )
	=	24.896	/	-23.736
	=

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.

Agilyx ASA Inventory Turnover Related Terms

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Agilyx ASA (OSL:AGLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Agilyx ASA (OSL:AGLX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AGXXF:USA 5NQ:Germany

Address

13240 SW Wall Street, Tigard, NOR, Oregon

Website

https://www.agilyx.com

Agilyx ASA is a developer of conversion technologies across the value chain intended to offer two molecular recycling product pathways enabling a circular economy for polystyrene and polymethyl methacrylate. The company offers waste sourcing and processing, thereby helping the entire plastic recycling market to convert recycled waste plastics into valuable resources such as oils and chemical substrate products.

Agilyx ASA (OSL:AGLX) Headlines

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