Electrolux AB (Electrolux AB) Inventory Turnover : 1.54 (As of Dec. 2023)

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What is Electrolux 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. Electrolux AB's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,178 Mil. Electrolux AB's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,065 Mil. Electrolux AB's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electrolux AB's Days Inventory for the three months ended in Dec. 2023 was 59.30.

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. Electrolux AB's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.59.

Electrolux AB Inventory Turnover Historical Data

The historical data trend for Electrolux 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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Electrolux AB Inventory Turnover Chart

Electrolux AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.90

6.81

5.85

4.91

5.33

Electrolux 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															1.20	1.16	1.10	1.15	1.54

Electrolux AB Inventory Turnover Calculation

Electrolux 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 )
=	11436.983	/ (	(2346.695	+	1945.972)	/	2 )
=	11436.983	/	2146.3335
=	5.33

Electrolux 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 )
=	3177.741	/ (	(2184.433	+	1945.972)	/	2 )
=	3177.741	/	2065.2025
=	1.54

Electrolux AB (OTCPK:ELUXY) 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.

Electrolux 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
	=	2065.2025	/	3177.741	*	365 / 4
	=	59.30

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.

Electrolux 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 )
	=	2065.2025	/	3474.107
	=	0.59

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.

Electrolux AB Inventory Turnover Related Terms

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Electrolux AB (Electrolux AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Electrolux AB (OTCPK:ELUXY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ELRXF:USA ELUX B:Sweden ELUX A:Sweden ELUXBs:UK 0MDT:UK ELXC:Germany

Address

Street Goransgatan 143, Stadshagen, Stockholm, SWE, SE-105 45

Website

https://www.electroluxgroup.com

Electrolux AB is a Sweden-based company that is principally engaged in manufacturing home appliances and appliances for professional use. Its products are categorized into kitchen products, laundry products, small appliances, professional kitchen products, professional laundry products, and adjacent products, with kitchen products accounting for more than half of total revenue. The company's brands include Electrolux, AEG, Zanussi, Frigidaire, and Electrolux Grand Cuisine. The company has a business presence, including North America, Europe, Latin America, Africa, the Middle East, and Asia, with North America and Europe jointly contributing over half of the total revenue.