SSAB AB (SSAB AB) Inventory Turnover : 0.68 (As of Mar. 2024)

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What is SSAB 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. SSAB AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,151 Mil. SSAB AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $3,168 Mil. SSAB AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SSAB AB's Days Inventory for the three months ended in Mar. 2024 was 134.38.

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. SSAB AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.

SSAB AB Inventory Turnover Historical Data

The historical data trend for SSAB 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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SSAB AB Inventory Turnover Chart

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.42

3.47

3.25

3.79

2.77

SSAB AB 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															0.69	0.69	0.64	0.69	0.68

SSAB AB Inventory Turnover Calculation

SSAB AB'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 )
=	9450.163	/ (	(3652.631	+	3166.92)	/	2 )
=	9450.163	/	3409.7755
=	2.77

SSAB AB'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 )
=	2151.124	/ (	(3166.92	+	3168.961)	/	2 )
=	2151.124	/	3167.9405
=	0.68

SSAB AB (OTCPK:SSAAY) 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.

SSAB AB'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
	=	3167.9405	/	2151.124	*	365 / 4
	=	134.38

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.

SSAB AB'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 )
	=	3167.9405	/	2607.551
	=	1.21

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.

SSAB AB Inventory Turnover Related Terms

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SSAB AB (SSAB AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (OTCPK:SSAAY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWA:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

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