TomTom NV (TomTom NV) Inventory Turnover : 1.26 (As of Mar. 2024)

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What is TomTom NV 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. TomTom NV's Cost of Goods Sold for the three months ended in Mar. 2024 was $20.6 Mil. TomTom NV's Average Total Inventories for the quarter that ended in Mar. 2024 was $16.3 Mil. TomTom NV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TomTom NV's Days Inventory for the three months ended in Mar. 2024 was 72.16.

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. TomTom NV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

TomTom NV Inventory Turnover Historical Data

The historical data trend for TomTom NV'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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TomTom NV Inventory Turnover Chart

TomTom NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.09

4.25

4.18

4.87

6.12

TomTom NV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.40	2.07	1.87	1.15	1.26

TomTom NV Inventory Turnover Calculation

TomTom NV'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 )
=	97.047	/ (	(15.53	+	16.165)	/	2 )
=	97.047	/	15.8475
=	6.12

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	20.602	/ (	(16.165	+	16.418)	/	2 )
=	20.602	/	16.2915
=	1.26

TomTom NV (OTCPK:TMOAY) 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.

TomTom NV's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	16.2915	/	20.602	*	365 / 4
	=	72.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	16.2915	/	151.397
	=	0.11

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.

TomTom NV Inventory Turnover Related Terms

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TomTom NV (TomTom NV) Business Description

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TMOAF:USA TOM2:Netherlands TOM2a:UK 0MKS:UK OEMA:Germany

Address

De Ruijterkade 154, Amsterdam, NLD, 1011 AC

Website

https://www.tomtom.com

TomTom NV is a software company specializing in Developing and selling navigation and location-based products and services, including maps, traffic, navigation software, and portable navigation devices. The company operates in two reporting segments; Location Technology and Consumer. The Location Technology Segment is engaged in developing and selling location-based application components such as maps, services, and navigation software to customers in different market segments. The Consumer segment generates revenue mainly from the sale of portable navigation devices and mobile applications. The majority of revenue is derived from Location Technology Segment.

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Q4 2023 TomTom NV Earnings Call Transcript

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