Loomis AB (Loomis AB) Inventory Turnover : 10.05 (As of Mar. 2024)

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What is Loomis 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. Loomis AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $510 Mil. Loomis AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $51 Mil. Loomis AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Loomis AB's Days Inventory for the three months ended in Mar. 2024 was 9.08.

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. Loomis AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Loomis AB Inventory Turnover Historical Data

The historical data trend for Loomis 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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Loomis AB Inventory Turnover Chart

Loomis AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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197.23

71.15

Loomis 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															52.75	-	-	10.77	10.05

Loomis AB Inventory Turnover Calculation

Loomis 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 )
=	2087.623	/ (	(9.058	+	49.622)	/	2 )
=	2087.623	/	29.34
=	71.15

Loomis 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 )
=	510.119	/ (	(49.622	+	51.867)	/	2 )
=	510.119	/	50.7445
=	10.05

Loomis AB (OTCPK:LOIMF) 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.

Loomis 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
	=	50.7445	/	510.119	*	365 / 4
	=	9.08

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.

Loomis 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 )
	=	50.7445	/	696.647
	=	0.07

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.

Loomis AB Inventory Turnover Related Terms

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Loomis AB (Loomis AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OTCPK:LOIMF) » Definitions » Inventory Turnover

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LOOMIS:Sweden 0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.