Arribatec Group ASA (OSL:ARR) Inventory Turnover : 23.36 (As of Mar. 2024)

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What is Arribatec Group ASA 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. Arribatec Group ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr34.7 Mil. Arribatec Group ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr1.5 Mil. Arribatec Group ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arribatec Group ASA's Days Inventory for the three months ended in Mar. 2024 was 3.91.

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. Arribatec Group ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Arribatec Group ASA Inventory Turnover Historical Data

The historical data trend for Arribatec Group ASA'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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Arribatec Group ASA Inventory Turnover Chart

Arribatec Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.22

33.06

33.07

49.83

Arribatec Group ASA Quarterly Data
	Mar19	Jun19	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															9.20	9.19	8.25	11.62	23.36

Arribatec Group ASA Inventory Turnover Calculation

Arribatec Group ASA'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 )
=	132.673	/ (	(3.777	+	1.548)	/	2 )
=	132.673	/	2.6625
=	49.83

Arribatec Group ASA'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 )
=	34.669	/ (	(1.548	+	1.42)	/	2 )
=	34.669	/	1.484
=	23.36

Arribatec Group ASA (OSL:ARR) 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.

Arribatec Group ASA'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
	=	1.484	/	34.669	*	365 / 4
	=	3.91

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.

Arribatec Group ASA'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 )
	=	1.484	/	144.616
	=	0.01

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.

Arribatec Group ASA Inventory Turnover Related Terms

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Arribatec Group ASA (OSL:ARR) Business Description

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HIDDNo:Sweden

Address

Sjolyst plass 2, Oslo, NOR, 0585

Website

https://www.arribatec.com

Arribatec Group ASA is a software and consulting company. It services comprise Business services focusing on ERP, BI & Analytics, Devops, integrations, and research management; EA & BPM provides Enterprise Architecture and Business Process Management; Cloud provides Cloud solutions hybrid, Azure, Splunk, GDPR. Arribatec Cloud provides consulting outsourcing, and cloud services to private and public enterprises. Hospitality delivers a variety of different solutions within self check-in, check-out, housekeeping management, conference systems. Marine is the Business Unit of Arribatec Group focusing on the Maritime sector.