IAR Systems Group AB (IAR Systems Group AB) Inventory Turnover : 6.22 (As of Mar. 2024)

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What is IAR Systems Group 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. IAR Systems Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.96 Mil. IAR Systems Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.96 Mil. IAR Systems Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IAR Systems Group AB's Days Inventory for the three months ended in Mar. 2024 was 14.68.

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. IAR Systems Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

IAR Systems Group AB Inventory Turnover Historical Data

The historical data trend for IAR Systems Group 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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IAR Systems Group AB Inventory Turnover Chart

IAR Systems Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.06

34.89

26.22

21.28

24.52

IAR Systems Group 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															6.47	6.25	5.64	5.65	6.22

IAR Systems Group AB Inventory Turnover Calculation

IAR Systems Group 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 )
=	24.948	/ (	(1.089	+	0.946)	/	2 )
=	24.948	/	1.0175
=	24.52

IAR Systems Group 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 )
=	5.955	/ (	(0.946	+	0.97)	/	2 )
=	5.955	/	0.958
=	6.22

IAR Systems Group AB (OTCPK:IARGF) 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.

IAR Systems Group 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
	=	0.958	/	5.955	*	365 / 4
	=	14.68

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.

IAR Systems Group 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 )
	=	0.958	/	11.497
	=	0.08

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.

IAR Systems Group AB Inventory Turnover Related Terms

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IAR Systems Group AB (IAR Systems Group AB) Business Description

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IAR B:Sweden NC91:Germany

Address

Strandbodgatan 1A, Stockholm, SWE, SE-75323

Website

https://www.iar.com

IAR Systems Group AB provides software for the programming processors in embedded systems. The company's customers mainly operate in industrial automation, medical technology, IOT, consumer electronics, and automotive industries that develop products based on 8-, 16, 32-bit processors. Its flagship product is IAR embedded workbench. Geographically, it derives a majority of revenue from the Americas and also has a presence in Asia, EMEA, and the Nordic region.

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