Sandvik AB (Sandvik AB) Change In Inventory : $-27 Mil (TTM As of Mar. 2024)

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What is Sandvik AB Change In Inventory?

Sandvik AB's change in inventory for the quarter that ended in Mar. 2024 was $-29 Mil. It means Sandvik AB's inventory increased by $29 Mil from Dec. 2023 to Mar. 2024 .

Sandvik AB's change in inventory for the fiscal year that ended in Dec. 2023 was $28 Mil. It means Sandvik AB's inventory declined by $28 Mil from Dec. 2022 to Dec. 2023 .

Sandvik AB's Total Inventories for the quarter that ended in Mar. 2024 was $3,460 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sandvik AB's Days Inventory for the quarter that ended in Mar. 2024 was 179.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sandvik AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

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. Sandvik AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.22.

Sandvik AB Change In Inventory Historical Data

The historical data trend for Sandvik 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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Sandvik AB Change In Inventory Chart

Sandvik AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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50.25

103.67

-577.03

-873.96

28.47

Sandvik 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															-168.67	-18.85	39.24	-18.23	-29.49

Sandvik 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 $-27 Mil.

Sandvik AB (OTCPK:SDVKY) Change In Inventory Explanation

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

Sandvik 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
	=	3401.9275	/	1732.252	*	365 / 4
	=	179.20

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1732.252	/	3401.9275
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3401.9275	/	2785.627
	=	1.22

Sandvik AB Change In Inventory Related Terms

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Sandvik AB (Sandvik AB) Business Description

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Traded in Other Exchanges

SDVKF:USA SAND:Sweden SAND:Mexico SANDs:UK 0HC0:UK SVKB:Germany

Address

Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22

Website

https://www.sandvik.com

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 27%, followed by North America 25%, Asia 19%, Australia 12%, Africa/Middle East 11%, and South America 6%.