Odfjell SE (OSL:ODF) Inventory Turnover : 4.56 (As of Mar. 2024)

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What is Odfjell SE 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. Odfjell SE's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,727 Mil. Odfjell SE's Average Total Inventories for the quarter that ended in Mar. 2024 was kr379 Mil. Odfjell SE's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odfjell SE's Days Inventory for the three months ended in Mar. 2024 was 20.03.

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

Odfjell SE Inventory Turnover Historical Data

The historical data trend for Odfjell SE'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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Odfjell SE Inventory Turnover Chart

Odfjell SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.32

21.90

23.60

25.39

19.30

Odfjell SE 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															5.57	5.98	5.85	4.74	4.56

Odfjell SE Inventory Turnover Calculation

Odfjell SE'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 )
=	7190.492	/ (	(325.648	+	419.529)	/	2 )
=	7190.492	/	372.5885
=	19.30

Odfjell SE'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 )
=	1726.589	/ (	(419.529	+	338.526)	/	2 )
=	1726.589	/	379.0275
=	4.56

Odfjell SE (OSL:ODF) 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.

Odfjell SE'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
	=	379.0275	/	1726.589	*	365 / 4
	=	20.03

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.

Odfjell SE'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 )
	=	379.0275	/	3243.058
	=	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.

Odfjell SE Inventory Turnover Related Terms

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Odfjell SE (OSL:ODF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a majority of its revenue from the Middle East and Asia.

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