Lumi Gruppen AS (FRA:8KS) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Lumi Gruppen AS 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. Lumi Gruppen AS's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.00 Mil. Lumi Gruppen AS's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.00 Mil.

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. Lumi Gruppen AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Lumi Gruppen AS Inventory Turnover Historical Data

The historical data trend for Lumi Gruppen AS'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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Lumi Gruppen AS Inventory Turnover Chart

Lumi Gruppen AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Lumi Gruppen AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

Lumi Gruppen AS Inventory Turnover Calculation

Lumi Gruppen AS'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Lumi Gruppen AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Lumi Gruppen AS (FRA:8KS) 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.

Lumi Gruppen AS's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0	*	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.

Lumi Gruppen AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	9.219
	=	0.00

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.

Lumi Gruppen AS Inventory Turnover Related Terms

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Lumi Gruppen AS (FRA:8KS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lumi Gruppen AS (FRA:8KS) » Definitions » Inventory Turnover

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LUMI:Norway

Address

Sandakerveien 116, Oslo, NOR, 0484

Website

https://www.lumigruppen.no

Lumi Gruppen AS is a private educational institution. Its focuses on each student and have a broad range of education programs both on-campus and online, from high school to vocational and university college. The company's segment includes Sonans; Oslo Nye Hoyskole; Ntech and others. It generates maximum revenue from the Sonans segment.

Lumi Gruppen AS (FRA:8KS) Headlines

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