EPOKY (Epiroc AB) Inventory Turnover : 0.48 (As of Sep. 2024)

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What is Epiroc 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. Epiroc AB's Cost of Goods Sold for the three months ended in Sep. 2024 was $965 Mil. Epiroc AB's Average Total Inventories for the quarter that ended in Sep. 2024 was $2,007 Mil. Epiroc AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Epiroc AB's Days Inventory for the three months ended in Sep. 2024 was 189.68.

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. Epiroc AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.31.

Epiroc AB Inventory Turnover Historical Data

The historical data trend for Epiroc 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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Epiroc AB Inventory Turnover Chart

Epiroc AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.38

2.46

2.24

2.01

2.10

Epiroc AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.53	0.45	0.50	0.48

Epiroc AB Inventory Turnover Calculation

Epiroc 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 )
=	3626.287	/ (	(1632.781	+	1827.62)	/	2 )
=	3626.287	/	1730.2005
=	2.10

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	965.295	/ (	(2038.047	+	1974.973)	/	2 )
=	965.295	/	2006.51
=	0.48

Epiroc AB (OTCPK:EPOKY) 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.

Epiroc AB's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2006.51	/	965.295	*	365 / 4
	=	189.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2006.51	/	1534.754
	=	1.31

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.

Epiroc AB Inventory Turnover Related Terms

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Epiroc AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Epiroc AB (OTCPK:EPOKY) » Definitions » Inventory Turnover

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Address

Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-131 54

Website

https://www.epirocgroup.com

Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.