Axfood AB (Axfood AB) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Axfood AB Change In Inventory?

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

Axfood AB's change in inventory for the fiscal year that ended in Dec. 2023 was $-40 Mil. It means Axfood AB's inventory increased by $40 Mil from Dec. 2022 to Dec. 2023 .

Axfood AB's Total Inventories for the quarter that ended in Mar. 2024 was $421 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Axfood AB's Days Inventory for the quarter that ended in Mar. 2024 was 22.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axfood AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.98.

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. Axfood AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Axfood AB Change In Inventory Historical Data

The historical data trend for Axfood AB'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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Axfood AB Change In Inventory Chart

Axfood AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-6.68

-33.96

-15.18

-69.76

-40.46

Axfood AB 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															-	-	-	-	-

Axfood AB 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.

Axfood AB (OTCPK:AXFOY) Change In Inventory Explanation

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

Axfood AB's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	417.5575	/	1660.599	*	365 / 4
	=	22.94

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1660.599	/	417.5575
	=	3.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	417.5575	/	1945.194
	=	0.21

Axfood AB Change In Inventory Related Terms

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Axfood AB (Axfood AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Axfood AB (OTCPK:AXFOY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

AXFO:Sweden AXFOs:UK 0R6R:UK AXL1:Germany

Address

Solnavagen 4, Stockholm, SWE, 113 65

Website

https://www.axfood.se

Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.

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