Nivika Fastigheter AB (FRA:Y5R) Inventory Turnover : 30.26 (As of Feb. 2024)

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What is Nivika Fastigheter 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. Nivika Fastigheter AB's Cost of Goods Sold for the three months ended in Feb. 2024 was €5.07 Mil. Nivika Fastigheter AB's Average Total Inventories for the quarter that ended in Feb. 2024 was €0.17 Mil. Nivika Fastigheter AB's Inventory Turnover for the quarter that ended in Feb. 2024 was 30.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nivika Fastigheter AB's Days Inventory for the three months ended in Feb. 2024 was 3.02.

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. Nivika Fastigheter AB's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.01.

Nivika Fastigheter AB Inventory Turnover Historical Data

The historical data trend for Nivika Fastigheter 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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Nivika Fastigheter AB Inventory Turnover Chart

Nivika Fastigheter AB Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

123.72

265.13

45.98

17.05

19.17

Nivika Fastigheter AB Quarterly Data
	Aug19	Aug20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial										1.75	2.59	25.02	21.96	30.26

Nivika Fastigheter AB Inventory Turnover Calculation

Nivika Fastigheter AB's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	16.682	/ (	(1.567	+	0.173)	/	2 )
=	16.682	/	0.87
=	19.17

Nivika Fastigheter AB's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	5.069	/ (	(0.16	+	0.175)	/	2 )
=	5.069	/	0.1675
=	30.26

Nivika Fastigheter AB (FRA:Y5R) 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.

Nivika Fastigheter AB's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.1675	/	5.069	*	365 / 4
	=	3.02

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.

Nivika Fastigheter AB's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.1675	/	14.912
	=	0.01

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.

Nivika Fastigheter AB Inventory Turnover Related Terms

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Nivika Fastigheter AB (FRA:Y5R) Business Description

Industry

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Traded in Other Exchanges

NIVI B:Sweden

Address

Ringvagen 38, Värnamo, SWE, 331 32

Website

https://www.nivika.se

Nivika Fastigheter AB is a real estate company. Its main objectives is owning, managing, and developing properties.

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