AF Gruppen ASA (FRA:AF8) Inventory Turnover

: 9.10 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

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. AF Gruppen ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was €474 Mil. AF Gruppen ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was €52 Mil. AF Gruppen ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AF Gruppen ASA's Days Inventory for the three months ended in Dec. 2023 was 10.03.

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. AF Gruppen ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

AF Gruppen ASA Inventory Turnover Historical Data

The historical data trend for AF Gruppen 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.

* Premium members only.

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

52.57

51.69

64.23

61.10

36.69

AF Gruppen ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																14.76	10.73	10.80	8.44	9.10

AF Gruppen ASA Inventory Turnover Calculation

AF Gruppen 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 )
=	1817.155	/ (	(43.951	+	55.11)	/	2 )
=	1817.155	/	49.5305
=	36.69

AF Gruppen ASA'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 )
=	473.564	/ (	(49.014	+	55.11)	/	2 )
=	473.564	/	52.062
=	9.10

AF Gruppen ASA (FRA:AF8) 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.

AF Gruppen ASA'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
	=	52.062	/	473.564	*	365 / 4
	=	10.03

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.

AF Gruppen ASA'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 )
	=	52.062	/	695.656
	=	0.07

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.

AF Gruppen ASA Inventory Turnover Related Terms

Thank you for viewing the detailed overview of AF Gruppen ASA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

AF Gruppen ASA (FRA:AF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (FRA:AF8) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

AF Gruppen ASA (FRA:AF8) Headlines

No Headlines