Fortum Oyj (OHEL:FORTUM) Change In Inventory : €3 Mil (TTM As of Mar. 2024)

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What is Fortum Oyj Change In Inventory?

Fortum Oyj's change in inventory for the quarter that ended in Mar. 2024 was €47 Mil. It means Fortum Oyj's inventory declined by €47 Mil from Dec. 2023 to Mar. 2024 .

Fortum Oyj's change in inventory for the fiscal year that ended in Dec. 2023 was €-14 Mil. It means Fortum Oyj's inventory increased by €14 Mil from Dec. 2022 to Dec. 2023 .

Fortum Oyj's Total Inventories for the quarter that ended in Mar. 2024 was €405 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortum Oyj's Days Inventory for the quarter that ended in Mar. 2024 was 33.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortum Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.72.

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

Fortum Oyj Change In Inventory Historical Data

The historical data trend for Fortum Oyj'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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Fortum Oyj Change In Inventory Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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4.00

306.00

2.00

-182.00

-14.00

Fortum Oyj 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															29.00	76.00	4.00	-124.00	47.00

Fortum Oyj 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 €3 Mil.

Fortum Oyj (OHEL:FORTUM) Change In Inventory Explanation

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

Fortum Oyj's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	428.5	/	1167	*	365 / 4
	=	33.51

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1167	/	428.5
	=	2.72

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	428.5	/	2015
	=	0.21

Fortum Oyj Change In Inventory Related Terms

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Fortum Oyj (OHEL:FORTUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (OHEL:FORTUM) » Definitions » Change In Inventory

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK 0HAH:UK FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

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