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Desert Control AS (Desert Control AS) Inventory Turnover : 0.58 (As of Mar. 2024)


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What is Desert Control AS 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. Desert Control AS's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Desert Control AS's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.02 Mil. Desert Control AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Desert Control AS's Days Inventory for the three months ended in Mar. 2024 was 156.43.

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. Desert Control AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Desert Control AS Inventory Turnover Historical Data

The historical data trend for Desert Control AS'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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Desert Control AS Inventory Turnover Chart

Desert Control AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
- - - 1.80 0.15

Desert Control AS Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 -0.88 - - 0.58

Desert Control AS Inventory Turnover Calculation

Desert Control AS'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 )
=0.006 / ((0.059 + 0.021) / 2 )
=0.006 / 0.04
=0.15

Desert Control AS'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 )
=0.014 / ((0.021 + 0.027) / 2 )
=0.014 / 0.024
=0.58

* 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.

Desert Control AS  (GREY:DRTFF) 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.

Desert Control AS'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
=0.024/0.014*365 / 4
=156.43

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.

Desert Control AS'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 )
=0.024 / 0.119
=0.20

* 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.

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.

Desert Control AS Inventory Turnover Related Terms

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Desert Control AS (Desert Control AS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Desert Control AS (GREY:DRTFF) » Definitions » Inventory Turnover
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Traded in Other Exchanges
DSRT:Norway 8KT:Germany
Address
Grenseveien 21, Sandnes, NOR, 4313
Website
https://www.desertcontrol.com
Desert Control AS is a climate technology company specialized in reclaiming degraded soil and turning desert sand into fertile soil. The patented product LNC (Liquid Natural Clay) is a liquid clay compound that enables sand and degraded soil to retain water and nutrients.