Nilorngruppen AB (FRA:1GG) Inventory Turnover : 0.82 (As of Mar. 2024)

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What is Nilorngruppen 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. Nilorngruppen AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €12.16 Mil. Nilorngruppen AB's Average Total Inventories for the quarter that ended in Mar. 2024 was €14.75 Mil. Nilorngruppen AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nilorngruppen AB's Days Inventory for the three months ended in Mar. 2024 was 110.71.

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. Nilorngruppen AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Nilorngruppen AB Inventory Turnover Historical Data

The historical data trend for Nilorngruppen 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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Nilorngruppen AB Inventory Turnover Chart

Nilorngruppen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

3.12

3.35

2.86

2.57

Nilorngruppen 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															0.60	0.67	0.62	0.67	0.82

Nilorngruppen AB Inventory Turnover Calculation

Nilorngruppen 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 )
=	43.81	/ (	(19.296	+	14.823)	/	2 )
=	43.81	/	17.0595
=	2.57

Nilorngruppen 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 )
=	12.16	/ (	(14.823	+	14.684)	/	2 )
=	12.16	/	14.7535
=	0.82

Nilorngruppen AB (FRA:1GG) 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.

Nilorngruppen 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
	=	14.7535	/	12.16	*	365 / 4
	=	110.71

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.

Nilorngruppen 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 )
	=	14.7535	/	21.414
	=	0.69

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.

Nilorngruppen AB Inventory Turnover Related Terms

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Nilorngruppen AB (FRA:1GG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nilorngruppen AB (FRA:1GG) » Definitions » Inventory Turnover

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NIL B:Sweden

Address

Wieslanders vag 3, Box 499, Boras, SWE, 501 13

Website

https://www.nilorn.com

Nilorngruppen AB is a Sweden-based company engaged in the branding, designing, manufacturing, and sale of labels, packaging products, and accessories for clients in the fashion and apparel sector. Its product portfolio consists of Trims, Packaging, and Information labels. Its revenue comes from the information Labels labels product range includes woven labels, printed textile labels, printed hanging labels, and flossed labels. Geographically, the segments of the company are the Nordic region, Other Europe, and Asia, of which key revenue is derived from the operations in the Asian countries. It has a business presence in Sweden, Norway, Finland, Denmark, Germany, Belgium, Italy, Switzerland, France, India, Bangladesh, China, and Pakistan.

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