Elisa Oyj (Elisa Oyj) Inventory Turnover : 2.41 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Elisa Oyj 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. Elisa Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was $201 Mil. Elisa Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was $84 Mil. Elisa Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elisa Oyj's Days Inventory for the three months ended in Mar. 2024 was 37.85.

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. Elisa Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Elisa Oyj Inventory Turnover Historical Data

The historical data trend for Elisa Oyj'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.

* Premium members only.

Elisa Oyj Inventory Turnover Chart

Elisa Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

10.29

11.00

9.80

8.93

9.63

Elisa Oyj 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															2.17	2.13	2.32	2.63	2.41

Elisa Oyj Inventory Turnover Calculation

Elisa Oyj'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 )
=	891.931	/ (	(101.165	+	84.079)	/	2 )
=	891.931	/	92.622
=	9.63

Elisa Oyj'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 )
=	201.304	/ (	(84.079	+	82.935)	/	2 )
=	201.304	/	83.507
=	2.41

Elisa Oyj (OTCPK:ELMUF) 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.

Elisa Oyj'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
	=	83.507	/	201.304	*	365 / 4
	=	37.85

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.

Elisa Oyj'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 )
	=	83.507	/	580.978
	=	0.14

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.

Elisa Oyj Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Elisa Oyj's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Elisa Oyj (Elisa Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Elisa Oyj (OTCPK:ELMUF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ELMUY:USA 0I8Y:UK ELISA:Finland EIA:Germany

Address

Ratavartijankatu 5, Helsinki, FIN, 00520

Website

https://www.elisa.com

Elisa Oyj is a telecommunications company that operates in two segments, Consumer Customers and Corporate Customers. The Consumer Customers segment provides consumers with telecommunications and communications services, such as fixed and mobile subscriptions with supplementary digital services, cabletv subscriptions, Elisa Viihde entertainment service and Elisa Kirja e-reading service. The Corporate Customers segment provides corporate and public administration organisations with services such as IT and communication solutions for the digital environment as well as fixed and mobile subscriptions. Majority of revenue is generated from Consumer Customers segment. The company generates majority of its revenue in Finland.