Svitzer Group AS (FRA:9Y1) Inventory Turnover : 26.57 (As of Dec. 2024)

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What is Svitzer Group 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. Svitzer Group AS's Cost of Goods Sold for the six months ended in Dec. 2024 was €308.0 Mil. Svitzer Group AS's Average Total Inventories for the quarter that ended in Dec. 2024 was €11.6 Mil. Svitzer Group AS's Inventory Turnover for the quarter that ended in Dec. 2024 was 26.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Svitzer Group AS's Days Inventory for the six months ended in Dec. 2024 was 6.87.

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. Svitzer Group AS's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Svitzer Group AS Inventory Turnover Historical Data

The historical data trend for Svitzer Group 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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Svitzer Group AS Inventory Turnover Chart

Svitzer Group AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

55.07

50.31

41.92

50.21

Svitzer Group AS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			-	21.19	20.77	23.55	26.57

Svitzer Group AS Inventory Turnover Calculation

Svitzer Group AS's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	612.924	/ (	(13.551	+	10.861)	/	2 )
=	612.924	/	12.206
=	50.21

Svitzer Group AS's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	308.004	/ (	(12.327	+	10.861)	/	2 )
=	308.004	/	11.594
=	26.57

Svitzer Group AS (FRA:9Y1) 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.

Svitzer Group AS's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	11.594	/	308.004	*	365 / 2
	=	6.87

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.

Svitzer Group AS's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	11.594	/	426.673
	=	0.03

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.

Svitzer Group AS Inventory Turnover Related Terms

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Svitzer Group AS Business Description

Industry

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Traded in Other Exchanges

SVZRF:USA SVITZR:Denmark

Address

Sundkrogsgade 17, Copenhagen, DNK, 2100

Website

https://www.svitzer.com

Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.

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