Kesko Oyj (Kesko Oyj) Inventory Turnover : 2.14 (As of Mar. 2024)

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What is Kesko Oyj 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. Kesko Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,591 Mil. Kesko Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,209 Mil. Kesko Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kesko Oyj's Days Inventory for the three months ended in Mar. 2024 was 42.58.

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. Kesko Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

Kesko Oyj Inventory Turnover Historical Data

The historical data trend for Kesko Oyj'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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Kesko Oyj Inventory Turnover Chart

Kesko Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.41

10.32

10.78

9.76

9.36

Kesko Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.07	2.21	2.17	2.26	2.14

Kesko Oyj Inventory Turnover Calculation

Kesko Oyj'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 )
=	11021.811	/ (	(1179.025	+	1176.009)	/	2 )
=	11021.811	/	1177.517
=	9.36

Kesko Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2591.087	/ (	(1176.009	+	1242.391)	/	2 )
=	2591.087	/	1209.2
=	2.14

Kesko Oyj (OTCPK:KKOYF) 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.

Kesko Oyj's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1209.2	/	2591.087	*	365 / 4
	=	42.58

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.

Kesko Oyj's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1209.2	/	2999.457
	=	0.40

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.

Kesko Oyj Inventory Turnover Related Terms

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Kesko Oyj (Kesko Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kesko Oyj (OTCPK:KKOYF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

KKOYY:USA KESKBh:UK 0BNT:UK KESKOB:Finland KESKOA:Finland KEK:Germany

Address

Tyopajankatu 12, Helsinki, FIN, 00580

Website

https://www.kesko.fi

Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the most revenue.

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