Eolus Vind AB (FRA:7EVB) Inventory Turnover : -0.02 (As of Mar. 2024)

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What is Eolus Vind 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. Eolus Vind AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €-1.9 Mil. Eolus Vind AB's Average Total Inventories for the quarter that ended in Mar. 2024 was €114.4 Mil. Eolus Vind AB's Inventory Turnover for the quarter that ended in Mar. 2024 was -0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Eolus Vind AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 29.42.

Eolus Vind AB Inventory Turnover Historical Data

The historical data trend for Eolus Vind 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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Eolus Vind AB Inventory Turnover Chart

Eolus Vind AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Dec22

Dec23

Inventory Turnover

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3.38

1.85

3.10

2.45

1.31

Eolus Vind AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.28	1.41	-0.05	-0.01	-0.02

Eolus Vind AB Inventory Turnover Calculation

Eolus Vind 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 )
=	115.948	/ (	(70.222	+	107.455)	/	2 )
=	115.948	/	88.8385
=	1.31

Eolus Vind 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 )
=	-1.944	/ (	(107.455	+	121.326)	/	2 )
=	-1.944	/	114.3905
=	-0.02

Eolus Vind AB (FRA:7EVB) 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.

Eolus Vind 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
	=	114.3905	/	-1.944	*	365 / 4
	=

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.

Eolus Vind 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 )
	=	114.3905	/	3.888
	=	29.42

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.

Eolus Vind AB Inventory Turnover Related Terms

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Eolus Vind AB (FRA:7EVB) Business Description

Industry

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EOLU B:Sweden 0R8F:UK

Address

Tredje Avenyen 3, Box 95, Hassleholm, SWE, 281 21

Website

https://www.eolusvind.com

Eolus Vind AB is a wind power contractor in Sweden. The company is engaged in the development and construction of wind turbines for divestment or proprietary management. It is also engaged in project development activity which includes pre-study, project development, establishment, and sale of wind power facilities. Its project portfolio includes onshore wind, offshore wind, solar power, storage, and sea-based wind. The majority of its revenue comes from the project planning segment.

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