Scana ASA (CHIX:SCANAO) Inventory Turnover : 3.63 (As of Mar. 2024)

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What is Scana 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. Scana ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr267 Mil. Scana ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr74 Mil. Scana ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scana ASA's Days Inventory for the three months ended in Mar. 2024 was 25.17.

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. Scana ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Scana ASA Inventory Turnover Historical Data

The historical data trend for Scana 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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Scana ASA Inventory Turnover Chart

Scana ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.83

9.17

12.26

11.04

14.08

Scana ASA 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															3.50	3.44	3.12	3.41	3.63

Scana ASA Inventory Turnover Calculation

Scana 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 )
=	881.3	/ (	(66	+	59.2)	/	2 )
=	881.3	/	62.6
=	14.08

Scana ASA'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 )
=	266.5	/ (	(59.2	+	87.8)	/	2 )
=	266.5	/	73.5
=	3.63

Scana ASA (CHIX:SCANAo) 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.

Scana ASA'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
	=	73.5	/	266.5	*	365 / 4
	=	25.17

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.

Scana ASA'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 )
	=	73.5	/	540.5
	=	0.14

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.

Scana ASA Inventory Turnover Related Terms

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Scana ASA (CHIX:SCANAO) Business Description

Industry

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INCo:Sweden SCANA:Norway 1MP:Germany

Address

Wernersholmvegen 49, Paradis, Bergen, NOR, 5232

Website

https://www.scana.no

Scana ASA is the parent company for a group of strong equipment and service suppliers to the marine industry. Scana owns several renowned portfolio companies such as Skarpenord, Seasystems, and Subseatec. Seasystems delivers system solutions in offloading, anchoring, turrets, and swivels to segments such as oil and gas, fish farming, and floating wind power. Skarpenord is a supplier of valve control systems whereas, Subseatec delivers steel products specially adapted to the customer's needs in oil and gas.

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