Climeon AB (Climeon AB) Inventory Turnover : 0.25 (As of Mar. 2024)

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What is Climeon AB 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. Climeon AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.08 Mil. Climeon AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $4.37 Mil. Climeon AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Climeon AB's Days Inventory for the three months ended in Mar. 2024 was 369.69.

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. Climeon AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.43.

Climeon AB Inventory Turnover Historical Data

The historical data trend for Climeon AB'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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Climeon AB Inventory Turnover Chart

Climeon AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.97

0.49

0.43

0.06

Climeon AB 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															-0.04	-0.02	0.11	0.02	0.25

Climeon AB Inventory Turnover Calculation

Climeon AB'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 )
=	0.278	/ (	(4.649	+	4.324)	/	2 )
=	0.278	/	4.4865
=	0.06

Climeon AB'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 )
=	1.079	/ (	(4.324	+	4.419)	/	2 )
=	1.079	/	4.3715
=	0.25

Climeon AB (OTCPK:CLMOF) 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.

Climeon AB'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
	=	4.3715	/	1.079	*	365 / 4
	=	369.69

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.

Climeon AB'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 )
	=	4.3715	/	1.276
	=	3.43

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.

Climeon AB Inventory Turnover Related Terms

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Climeon AB (Climeon AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Climeon AB (OTCPK:CLMOF) » Definitions » Inventory Turnover

Traded in Other Exchanges

CLIME B:Sweden DCL:Germany

Address

Torshamnsgatan 44, Stockholm, SWE, SE-164 40

Website

https://www.climeon.com

Climeon AB operates in development and sales of technical solutions for the recycling and conversion of low-temperature heat into environmentally friendly and sustainable electricity. The company offers one product named Climeon Heat Power system which generates clean electricity from that heat, which is a waste heat recovery. Climeon operates in the following segments that are Geothermal, Industrial processes, power station and Maritime. The company operates in Sweden, Europe, North America, and Asia.

Climeon AB (Climeon AB) Headlines

From GuruFocus

Climeon AB (publ) To discuss investor meeting Call Transcript

By GuruFocus Research • 03-03-2024