Raytelligence AB (NGM:RAYTL) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Raytelligence 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. Raytelligence AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr0.01 Mil. Raytelligence AB's Average Total Inventories for the quarter that ended in Sep. 2023 was kr0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Raytelligence AB's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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. Raytelligence AB's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Raytelligence AB Inventory Turnover Historical Data

The historical data trend for Raytelligence 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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Raytelligence AB Inventory Turnover Chart

Raytelligence AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.18

1.07

Raytelligence AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.22	0.34	0.12	1.02	-

Raytelligence AB Inventory Turnover Calculation

Raytelligence AB's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.927	/ (	(0.806	+	0.927)	/	2 )
=	0.927	/	0.8665
=	1.07

Raytelligence AB's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.014	/ (	(0	+	0)	/	1 )
=	0.014	/	0
=	N/A

Raytelligence AB (NGM:RAYTL) 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.

Raytelligence AB's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0.014	*	365 / 4
	=	0.00

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.

Raytelligence AB's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0.087
	=	0.00

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.

Raytelligence AB Inventory Turnover Related Terms

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Raytelligence AB (NGM:RAYTL) Business Description

Industry

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RTG:Germany

Address

Klammerdammsgatan 6, Halmstad, SWE, SE-302 42

Website

http://www.raytelligence.com

Raytelligence AB is a Swedish company that provides sensor and service to monitor heartbeat, movement, and body position. It offers a solution for home-grown monitoring, including RayVS1 which offers signal processing and signal analysis through cloud service.

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