NFO Drives AB (XSAT:NFO) Change In Inventory : kr0.63 Mil (TTM As of Mar. 2024)

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What is NFO Drives AB Change In Inventory?

NFO Drives AB's change in inventory for the quarter that ended in Mar. 2024 was kr1.42 Mil. It means NFO Drives AB's inventory declined by kr1.42 Mil from Dec. 2023 to Mar. 2024 .

NFO Drives AB's change in inventory for the fiscal year that ended in Dec. 2023 was kr-1.35 Mil. It means NFO Drives AB's inventory increased by kr1.35 Mil from Dec. 2022 to Dec. 2023 .

NFO Drives AB's Total Inventories for the quarter that ended in Mar. 2024 was kr1.97 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NFO Drives AB's Days Inventory for the quarter that ended in Mar. 2024 was 28.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. NFO Drives AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.21.

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. NFO Drives AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

NFO Drives AB Change In Inventory Historical Data

The historical data trend for NFO Drives 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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NFO Drives AB Change In Inventory Chart

NFO Drives AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.02

0.40

-0.34

-0.78

-1.35

NFO Drives 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															-0.57	0.78	-1.23	-0.33	1.42

NFO Drives 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 kr0.63 Mil.

NFO Drives AB (XSAT:NFO) Change In Inventory Explanation

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

NFO Drives 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
	=	2.6775	/	8.595	*	365 / 4
	=	28.43

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.595	/	2.6775
	=	3.21

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.6775	/	10.98
	=	0.24

NFO Drives AB Change In Inventory Related Terms

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NFO Drives AB (XSAT:NFO) Business Description

Industry

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Address

Tubba Square 5, Karlshamn, SWE, 37432

Website

http://www.nfodrives.se

NFO Drives AB is a technology company. The group is engaged in the development, manufacture, and marketing of NFO Sinus frequency inverters that are used to regulate the RPM of electric motors. Its product is used to control the speed of electric motors in machines, fans, and pumps. The company products are used in residential properties, industry, agricultural environment and hospital.

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