PolarCool AB (XSAT:POLAR) Inventory Turnover : 0.15 (As of Dec. 2023)

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What is PolarCool 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. PolarCool AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr0.03 Mil. PolarCool AB's Average Total Inventories for the quarter that ended in Dec. 2023 was kr0.21 Mil. PolarCool AB's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PolarCool AB's Days Inventory for the three months ended in Dec. 2023 was 593.13.

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. PolarCool AB's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

PolarCool AB Inventory Turnover Historical Data

The historical data trend for PolarCool 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.

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PolarCool AB Inventory Turnover Chart

PolarCool AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.69

0.40

0.62

0.53

0.74

PolarCool AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.38	0.05	0.10	0.15

PolarCool AB Inventory Turnover Calculation

PolarCool 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 )
=	0.118	/ (	(0.124	+	0.196)	/	2 )
=	0.118	/	0.16
=	0.74

PolarCool AB's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.032	/ (	(0.22	+	0.196)	/	2 )
=	0.032	/	0.208
=	0.15

PolarCool AB (XSAT:POLAR) 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.

PolarCool AB's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.208	/	0.032	*	365 / 4
	=	593.13

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.

PolarCool AB's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.208	/	0.341
	=	0.61

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.

PolarCool AB Inventory Turnover Related Terms

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PolarCool AB (XSAT:POLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PolarCool AB (XSAT:POLAR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

98H:Germany

Address

Medicon Village, Scheelevagen 2, Lund, SWE, 223 8

Website

http://www.polarcap.com

PolarCool AB is a Sweden based medical device company. It develops, markets, and sells products for sports medicine. The company focuses on the treatment of concussive and sub-concussive brain injury with the portable cooling device PolarCap System. Its device PolarCap is a portable brain cooling device System available for athletes, teams, and organizations.

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