Schibsted ASA (Schibsted ASA) Inventory Turnover : 4.92 (As of Mar. 2024)

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What is Schibsted 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. Schibsted ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $8 Mil. Schibsted ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was $2 Mil. Schibsted ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schibsted ASA's Days Inventory for the three months ended in Mar. 2024 was 18.56.

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. Schibsted ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Schibsted ASA Inventory Turnover Historical Data

The historical data trend for Schibsted 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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Schibsted ASA Inventory Turnover Chart

Schibsted ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.45

28.02

24.98

17.54

15.69

Schibsted ASA 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															3.45	-	-	5.11	4.92

Schibsted ASA Inventory Turnover Calculation

Schibsted 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 )
=	40.382	/ (	(3.441	+	1.706)	/	2 )
=	40.382	/	2.5735
=	15.69

Schibsted 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 )
=	8.386	/ (	(1.706	+	0)	/	1 )
=	8.386	/	1.706
=	4.92

Schibsted ASA (OTCPK:SBSNY) 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.

Schibsted 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
	=	1.706	/	8.386	*	365 / 4
	=	18.56

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.

Schibsted 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 )
	=	1.706	/	357.516
	=	0.00

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.

Schibsted ASA Inventory Turnover Related Terms

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Schibsted ASA (Schibsted ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Schibsted ASA (OTCPK:SBSNY) » Definitions » Inventory Turnover

Traded in Other Exchanges

SCHBo:Sweden SCHB:Norway SCHA:Norway SCHBo:UK SCHAo:UK 0R9I:UK 0MHM:UK XPGB:Germany

Address

Akersgata 55, PO Box 490 Sentrum, Oslo, NOR, 0180

Website

https://www.schibsted.com

Schibsted ASA is a Norway-based multimedia group that owns and operates newspapers, online classified advertisement websites, publishing houses, and other multimedia services. The company's largest sources of revenue are its Norwegian and Swedish newspapers and tabloid magazines such as Verdens Gang, Aftenposten, and Aftonbladet. It also operates other regional magazines, classified websites, and local newspapers in over 25 different countries around Europe, Asia, Latin America, and Africa. Schibsted's largest newspaper operations outside of Scandinavia are based in Spain and France.

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