Merus Power Oyj (OHEL:MERUS) Inventory Turnover : 0.87 (As of Dec. 2023)

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What is Merus Power Oyj 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. Merus Power Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €5.90 Mil. Merus Power Oyj's Average Total Inventories for the quarter that ended in Dec. 2023 was €6.81 Mil. Merus Power Oyj's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merus Power Oyj's Days Inventory for the six months ended in Dec. 2023 was 210.63.

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. Merus Power Oyj's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Merus Power Oyj Inventory Turnover Historical Data

The historical data trend for Merus Power Oyj'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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Merus Power Oyj Inventory Turnover Chart

Merus Power Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.39

1.06

4.68

1.20

1.73

Merus Power Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					3.35	1.44	0.72	0.90	0.87

Merus Power Oyj Inventory Turnover Calculation

Merus Power Oyj'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 )
=	14.16	/ (	(10.595	+	5.809)	/	2 )
=	14.16	/	8.202
=	1.73

Merus Power Oyj's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5.901	/ (	(7.812	+	5.809)	/	2 )
=	5.901	/	6.8105
=	0.87

Merus Power Oyj (OHEL:MERUS) 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.

Merus Power Oyj's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6.8105	/	5.901	*	365 / 2
	=	210.63

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.

Merus Power Oyj's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.8105	/	15.472
	=	0.44

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.

Merus Power Oyj Inventory Turnover Related Terms

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Merus Power Oyj (OHEL:MERUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Merus Power Oyj (OHEL:MERUS) » Definitions » Inventory Turnover

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99H:Germany

Address

Pirkkalaistie 1, Nokia, FIN, 37100

Website

https://www.meruspower.fi

Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic innovative electricity storage, power quality solutions and services. The company's business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise.

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