SulNOx Group (FRA:3U4) Inventory Turnover : 1.97 (As of Mar. 2024)

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What is SulNOx Group 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. SulNOx Group's Cost of Goods Sold for the six months ended in Mar. 2024 was €0.35 Mil. SulNOx Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.18 Mil. SulNOx Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SulNOx Group's Days Inventory for the six months ended in Mar. 2024 was 92.57.

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. SulNOx Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

SulNOx Group Inventory Turnover Historical Data

The historical data trend for SulNOx Group'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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SulNOx Group Inventory Turnover Chart

SulNOx Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.31

0.11

0.40

1.09

3.01

SulNOx Group Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						0.24	0.42	0.65	0.77	1.97

SulNOx Group Inventory Turnover Calculation

SulNOx Group's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	0.437	/ (	(0.09	+	0.2)	/	2 )
=	0.437	/	0.145
=	3.01

SulNOx Group'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.345	/ (	(0.15	+	0.2)	/	2 )
=	0.345	/	0.175
=	1.97

SulNOx Group (FRA:3U4) 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.

SulNOx Group's Days Inventory for the six 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
	=	0.175	/	0.345	*	365 / 2
	=	92.57

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.

SulNOx Group'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 )
	=	0.175	/	0.477
	=	0.37

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.

SulNOx Group Inventory Turnover Related Terms

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SulNOx Group Business Description

Industry

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SNOXF:USA SNOX:UK

Address

10 Orange Street, Haymarket, London, GBR, WC2H 7DQ

Website

https://www.sulnoxgroup.com

SulNOx Group PLC manufactures conditioners, emulsifiers, and emulsion stabilizers for hydrocarbon fuels. The company offers Berol 6446 HFO Fuel Emulsifier and SulNOxEco Conditioner to power generation, shipping, rail, and all road transport companies.

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