DSV AS (OCSE:DSV) Inventory Turnover : 6.28 (As of Mar. 2024)

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What is DSV AS 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. DSV AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr29,466 Mil. DSV AS's Average Total Inventories for the quarter that ended in Mar. 2024 was kr4,694 Mil. DSV AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DSV AS's Days Inventory for the three months ended in Mar. 2024 was 14.53.

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. DSV AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

DSV AS Inventory Turnover Historical Data

The historical data trend for DSV AS'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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DSV AS Inventory Turnover Chart

DSV AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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73.05

66.50

169.23

168.91

34.49

DSV AS 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															13.73	8.96	6.79	5.24	6.28

DSV AS Inventory Turnover Calculation

DSV AS'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 )
=	106967	/ (	(1889	+	4314)	/	2 )
=	106967	/	3101.5
=	34.49

DSV AS'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 )
=	29466	/ (	(4314	+	5073)	/	2 )
=	29466	/	4693.5
=	6.28

DSV AS (OCSE:DSV) 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.

DSV AS'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
	=	4693.5	/	29466	*	365 / 4
	=	14.53

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.

DSV AS'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 )
	=	4693.5	/	38340
	=	0.12

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.

DSV AS Inventory Turnover Related Terms

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DSV AS (OCSE:DSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DSDVY:USA DSDVF:USA 0JN9:Mexico DSVc:UK 0JN9:UK DS81:Germany

Address

Hovedgaden 630, Hedehusene, DNK, 2640

Website

https://www.dsv.com

DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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