Elliptic Laboratories ASA (STU:EIP) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Elliptic Laboratories 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. Elliptic Laboratories ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was €1.87 Mil. Elliptic Laboratories ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elliptic Laboratories ASA's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

Elliptic Laboratories ASA Inventory Turnover Historical Data

The historical data trend for Elliptic Laboratories 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.
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Elliptic Laboratories ASA Inventory Turnover Chart

Elliptic Laboratories ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Elliptic Laboratories ASA Quarterly Data
	Dec18	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															-	-	-	-	-

Elliptic Laboratories ASA Inventory Turnover Calculation

Elliptic Laboratories 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 )
=	7.002	/ (	(0	+	0)	/	1 )
=	7.002	/	0
=	N/A

Elliptic Laboratories 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 )
=	1.868	/ (	(0	+	0)	/	1 )
=	1.868	/	0
=	N/A

Elliptic Laboratories ASA (STU:EIP) 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.

Elliptic Laboratories 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
	=	0	/	1.868	*	365 / 4
	=	0.00

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.

Elliptic Laboratories 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 )
	=	0	/	1.927
	=	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.

Elliptic Laboratories ASA Inventory Turnover Related Terms

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Elliptic Laboratories ASA (STU:EIP) Business Description

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ELABSo:Sweden ELABS:Norway

Address

Akersgata 32, Oslo, NOR, 0180

Website

https://www.ellipticlabs.com

Elliptic Laboratories ASA is a software-based AI Virtual Smart Sensor Platform. Its AI Virtual Security Sensor is a presence-detection solution used to improve the security of data stored on laptops. The AI Virtual Security Sensor leverages a laptop's existing speaker and microphone to generate and process ultrasound waves to detect presence.

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