Swedish Stirling AB (OSTO:STRLNG) Inventory Turnover : 2.20 (As of Dec. 2022)

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What is Swedish Stirling AB 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. Swedish Stirling AB's Cost of Goods Sold for the three months ended in Dec. 2022 was kr89.67 Mil. Swedish Stirling AB's Average Total Inventories for the quarter that ended in Dec. 2022 was kr40.76 Mil. Swedish Stirling AB's Inventory Turnover for the quarter that ended in Dec. 2022 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Swedish Stirling AB's Days Inventory for the three months ended in Dec. 2022 was 41.48.

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. Swedish Stirling AB's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 2,911.54.

Swedish Stirling AB Inventory Turnover Historical Data

The historical data trend for Swedish Stirling AB'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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Swedish Stirling AB Inventory Turnover Chart

Swedish Stirling AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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-0.93

-0.59

-0.99

-2.12

5.46

Swedish Stirling AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															-0.65	-0.20	0.10	0.17	2.20

Swedish Stirling AB Inventory Turnover Calculation

Swedish Stirling AB's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	97.718	/ (	(27.445	+	8.355)	/	2 )
=	97.718	/	17.9
=	5.46

Swedish Stirling AB's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	89.67	/ (	(73.168	+	8.355)	/	2 )
=	89.67	/	40.7615
=	2.20

Swedish Stirling AB (OSTO:STRLNG) 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.

Swedish Stirling AB's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	40.7615	/	89.67	*	365 / 4
	=	41.48

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.

Swedish Stirling AB's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	40.7615	/	0.014
	=	2,911.54

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.

Swedish Stirling AB Inventory Turnover Related Terms

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Swedish Stirling AB (OSTO:STRLNG) Business Description

Industry

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Address

Gruvgatan 35 B, Vastra Frolunda, Gothenburg, SWE, 421 30

Website

https://www.swedishstirling.com

Swedish Stirling AB has developed a hybridized Stirling engine based on a license from Kockums AB. The Stirling engine forms the basis of the company's products Ripasso Stirling Hybrid and PWR BLOK. The Ripasso Stirling Hybrid is a solar hybrid where energy from the sun is supplemented with some other fuel during the dark hours of the day. PWR BLOK is the product from Ripasso Energy towards the market for residual gas.

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