KONE Oyj (OHEL:KNEBV) Change In Inventory : €0 Mil (TTM As of Mar. 2024)

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What is KONE Oyj Change In Inventory?

KONE Oyj's change in inventory for the quarter that ended in Mar. 2024 was €0 Mil. It means KONE Oyj's inventory stayed the same from Dec. 2023 to Mar. 2024 .

KONE Oyj's change in inventory for the fiscal year that ended in Dec. 2023 was €0 Mil. It means KONE Oyj's inventory stayed the same from Dec. 2022 to Dec. 2023 .

KONE Oyj's Total Inventories for the quarter that ended in Mar. 2024 was €819 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KONE Oyj's Days Inventory for the quarter that ended in Mar. 2024 was 33.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. KONE Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.76.

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. KONE Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

KONE Oyj Change In Inventory Historical Data

The historical data trend for KONE Oyj's Change In Inventory 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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KONE Oyj Change In Inventory Chart

KONE Oyj Annual Data

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Change In Inventory

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KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

KONE Oyj Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 Mil.

KONE Oyj (OHEL:KNEBV) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

KONE Oyj's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	810.65	/	2234.4	*	365 / 4
	=	33.11

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

KONE Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2234.4	/	810.65
	=	2.76

3. 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.

KONE Oyj's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	810.65	/	2568.2
	=	0.32

KONE Oyj Change In Inventory Related Terms

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KONE Oyj (OHEL:KNEBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OHEL:KNEBV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

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