Scandinavian Tobacco Group A/S (OCSE:STG) Inventory Turnover : 0.35 (As of Dec. 2023)

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What is Scandinavian Tobacco Group A/S 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. Scandinavian Tobacco Group A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,186 Mil. Scandinavian Tobacco Group A/S's Average Total Inventories for the quarter that ended in Dec. 2023 was kr3,407 Mil. Scandinavian Tobacco Group A/S's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scandinavian Tobacco Group A/S's Days Inventory for the three months ended in Dec. 2023 was 262.15.

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. Scandinavian Tobacco Group A/S's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.50.

Scandinavian Tobacco Group A/S Inventory Turnover Historical Data

The historical data trend for Scandinavian Tobacco Group A/S'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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Scandinavian Tobacco Group A/S Inventory Turnover Chart

Scandinavian Tobacco Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.39

1.61

1.43

1.44

1.39

Scandinavian Tobacco Group A/S 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															0.34	0.28	0.33	0.33	0.35

Scandinavian Tobacco Group A/S Inventory Turnover Calculation

Scandinavian Tobacco Group A/S'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 )
=	4526.8	/ (	(3248.9	+	3269.6)	/	2 )
=	4526.8	/	3259.25
=	1.39

Scandinavian Tobacco Group A/S'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 )
=	1185.8	/ (	(3543.7	+	3269.6)	/	2 )
=	1185.8	/	3406.65
=	0.35

Scandinavian Tobacco Group A/S (OCSE:STG) 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.

Scandinavian Tobacco Group A/S'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
	=	3406.65	/	1185.8	*	365 / 4
	=	262.15

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.

Scandinavian Tobacco Group A/S'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 )
	=	3406.65	/	2274.5
	=	1.50

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.

Scandinavian Tobacco Group A/S Inventory Turnover Related Terms

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Scandinavian Tobacco Group A/S (OCSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Scandinavian Tobacco Group A/S (OCSE:STG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

STBGY:USA SNDVF:USA 0RES:UK 8ZI:Germany

Address

Sandtoften 9, Gentofte, DNK, 2820

Website

https://www.st-group.com

Scandinavian Tobacco Group offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which primarily sells handmade cigars and accessories in stores and online; North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland. The largest portion of the firm's revenue comes from the Europe branded segment.