Anima Group AB (NGM:ANIMA B) Inventory Turnover : 0.08 (As of Jun. 2023)

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What is Anima 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. Anima Group AB's Cost of Goods Sold for the six months ended in Jun. 2023 was kr0.83 Mil. Anima Group AB's Average Total Inventories for the quarter that ended in Jun. 2023 was kr10.28 Mil. Anima Group AB's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anima Group AB's Days Inventory for the six months ended in Jun. 2023 was 2,272.19.

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. Anima Group AB's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 3.04.

Anima Group AB Inventory Turnover Historical Data

The historical data trend for Anima 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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Anima Group AB Inventory Turnover Chart

Anima Group AB Annual Data

Trend

Mar17

Mar18

Mar19

Dec20

Dec21

Inventory Turnover

0.38

-0.05

0.36

Anima Group AB Semi-Annual Data
	Mar18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial					0.16	-0.12	0.13	1.66	0.08

Anima Group AB Inventory Turnover Calculation

Anima Group AB's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0	/ (	(10.404	+	18.291)	/	2 )
=	0	/	14.3475
=	0.00

Anima Group AB's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.826	/ (	(8.943	+	11.625)	/	2 )
=	0.826	/	10.284
=	0.08

Anima Group AB (NGM:ANIMA B) 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.

Anima Group AB's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	10.284	/	0.826	*	365 / 2
	=	2,272.19

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.

Anima Group AB's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	10.284	/	3.384
	=	3.04

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.

Anima Group AB Inventory Turnover Related Terms

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Anima Group AB (NGM:ANIMA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Anima Group AB (NGM:ANIMA B) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bruksvagen 11, Orrefors, SWE, 382 71

Website

https://www.animagroup.se

Anima Group AB is a Swedish dealer of equipment for horses and riders. It provides products for horses and carries out equestrian operations.

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