Inin Group AS (STU:72G) Inventory Turnover : 43.39 (As of Dec. 2023)

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What is Inin Group AS 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. Inin Group AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €33.98 Mil. Inin Group AS's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.78 Mil. Inin Group AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 43.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inin Group AS's Days Inventory for the six months ended in Dec. 2023 was 4.21.

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. Inin Group AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Inin Group AS Inventory Turnover Historical Data

The historical data trend for Inin Group AS'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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Inin Group AS Inventory Turnover Chart

Inin Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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46.40

38.97

13.06

52.30

Inin Group AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						-5.20	4.44	8.29	16.07	43.39

Inin Group AS Inventory Turnover Calculation

Inin Group AS'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 )
=	45.733	/ (	(0.811	+	0.938)	/	2 )
=	45.733	/	0.8745
=	52.30

Inin Group AS'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 )
=	33.975	/ (	(0.628	+	0.938)	/	2 )
=	33.975	/	0.783
=	43.39

Inin Group AS (STU:72G) 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.

Inin Group AS'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
	=	0.783	/	33.975	*	365 / 2
	=	4.21

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.

Inin Group AS'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 )
	=	0.783	/	45.148
	=	0.02

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.

Inin Group AS Inventory Turnover Related Terms

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Inin Group AS (STU:72G) Business Description

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ININ:Norway

Address

Henrik Ibsens gt 100, Oslo, NOR, 0255

Website

https://www.inin.no

Inin Group AS is a Norwegian holding company, with its three main segment activities organized through Nordic Infrastructure Group AS consisting of rail-focused construction and maintenance competence and service supply, including electrotechnical services for rail, power supply, and infrastructure projects. Hadeland Elektro AS delivers complete electrotechnical solutions for construction and infrastructure projects, including the energy, rail, and road sectors and Elop Technology AS develops tools and digital solutions to inspect, monitor and manage infrastructure worldwide using patented ultrasound technology.

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