OXE Marine AB (FRA:5LK) Inventory Turnover : 0.25 (As of Mar. 2024)

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What is OXE Marine 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. OXE Marine AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.52 Mil. OXE Marine AB's Average Total Inventories for the quarter that ended in Mar. 2024 was €9.93 Mil. OXE Marine AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OXE Marine AB's Days Inventory for the three months ended in Mar. 2024 was 358.87.

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. OXE Marine AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.86.

OXE Marine AB Inventory Turnover Historical Data

The historical data trend for OXE Marine 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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OXE Marine AB Inventory Turnover Chart

OXE Marine AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.22

0.44

0.69

0.89

1.19

OXE Marine 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															0.17	0.34	0.25	0.45	0.25

OXE Marine AB Inventory Turnover Calculation

OXE Marine 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 )
=	13.536	/ (	(12.643	+	10.202)	/	2 )
=	13.536	/	11.4225
=	1.19

OXE Marine 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 )
=	2.524	/ (	(10.202	+	9.651)	/	2 )
=	2.524	/	9.9265
=	0.25

OXE Marine AB (FRA:5LK) 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.

OXE Marine 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
	=	9.9265	/	2.524	*	365 / 4
	=	358.87

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.

OXE Marine 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 )
	=	9.9265	/	3.465
	=	2.86

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.

OXE Marine AB Inventory Turnover Related Terms

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OXE Marine AB (FRA:5LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OXE Marine AB (FRA:5LK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CMMCF:USA OXE:Sweden

Address

Metallgatan 6, Angelholm, Helsingborg, SWE, SE-262 72

Website

https://www.oxemarine.com

OXE Marine AB designs and builds commercial diesel outboards named OXE Diesel. The company's product range includes OXE 150, OXE 175, OXE 200, OXE 300, OXE KRETA, and its accessories. The OXE Diesel offers solutions for governmental, oil and gas, search and rescue, and large commercial applications, also for small craft fishermen and fish farmers, survey, tourism, yacht tender, taxi and pilot operations - all applications where range, load-carrying performance, and running costs are significant factors.

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