RaySearch Laboratories AB (OSTO:RAY B) Inventory Turnover : 1.94 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is RaySearch Laboratories 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. RaySearch Laboratories AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr23 Mil. RaySearch Laboratories AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr12 Mil. RaySearch Laboratories AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RaySearch Laboratories AB's Days Inventory for the three months ended in Mar. 2024 was 47.08.

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. RaySearch Laboratories AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

RaySearch Laboratories AB Inventory Turnover Historical Data

The historical data trend for RaySearch Laboratories 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.

* Premium members only.

RaySearch Laboratories AB Inventory Turnover Chart

RaySearch Laboratories AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

10.16

6.32

2.58

4.31

9.10

RaySearch Laboratories AB 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															1.29	0.89	1.33	2.05	1.94

RaySearch Laboratories AB Inventory Turnover Calculation

RaySearch Laboratories AB'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 )
=	106.578	/ (	(14.091	+	9.32)	/	2 )
=	106.578	/	11.7055
=	9.10

RaySearch Laboratories AB'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 )
=	23.102	/ (	(9.32	+	14.518)	/	2 )
=	23.102	/	11.919
=	1.94

RaySearch Laboratories AB (OSTO:RAY B) 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.

RaySearch Laboratories AB'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
	=	11.919	/	23.102	*	365 / 4
	=	47.08

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.

RaySearch Laboratories AB'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 )
	=	11.919	/	257.196
	=	0.05

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.

RaySearch Laboratories AB Inventory Turnover Related Terms

Thank you for viewing the detailed overview of RaySearch Laboratories AB's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

RaySearch Laboratories AB (OSTO:RAY B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » RaySearch Laboratories AB (OSTO:RAY B) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RSLBF:USA 0GRZ:UK 27R:Germany

Address

Sveavagen 44, P.O. Box 3297, Stockholm, SWE, 103 65

Website

https://www.raysearchlabs.com

RaySearch Laboratories AB is a Sweden-based medical technology company. The company develops advanced software solutions for improved cancer treatment. The company develops and markets the RayStation* treatment planning system and RayCare* oncology information system to clinics all over the world and distributes products through licensing agreements with medical technology companies. Its geographic segments consist of Sweden, North America, Asia, Europe and the rest of the world. The company generates majority of its sales from the North America.

RaySearch Laboratories AB (OSTO:RAY B) Headlines

No Headlines