Bavarian Nordic AS (FRA:BV3) Inventory Turnover : 0.37 (As of Dec. 2024)

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What is Bavarian Nordic 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. Bavarian Nordic AS's Cost of Goods Sold for the three months ended in Dec. 2024 was €112.6 Mil. Bavarian Nordic AS's Average Total Inventories for the quarter that ended in Dec. 2024 was €302.5 Mil. Bavarian Nordic AS's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bavarian Nordic AS's Days Inventory for the three months ended in Dec. 2024 was 245.12.

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. Bavarian Nordic AS's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.08.

Bavarian Nordic AS Inventory Turnover Historical Data

The historical data trend for Bavarian Nordic 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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Bavarian Nordic AS Inventory Turnover Chart

Bavarian Nordic AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.85

2.65

2.07

1.92

1.46

Bavarian Nordic AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.49	0.33	0.37	0.38	0.37

Bavarian Nordic AS Inventory Turnover Calculation

Bavarian Nordic 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 )
=	388.518	/ (	(220.534	+	312.068)	/	2 )
=	388.518	/	266.301
=	1.46

Bavarian Nordic 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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	112.622	/ (	(292.99	+	312.068)	/	2 )
=	112.622	/	302.529
=	0.37

Bavarian Nordic AS (FRA:BV3) 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.

Bavarian Nordic AS's Days Inventory for the three 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
	=	302.529	/	112.622	*	365 / 4
	=	245.12

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.

Bavarian Nordic 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 )
	=	302.529	/	280.767
	=	1.08

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.

Bavarian Nordic AS Inventory Turnover Related Terms

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Bavarian Nordic AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Bavarian Nordic AS (FRA:BV3) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BVNRY:USA BVNKF:USA 0DPB:UK BAVA:Denmark BAVA:Austria

Address

Philip Heymans Alle 3, Hellerup, DNK, 2900

Website

https://www.bavarian-nordic.com

Bavarian Nordic AS is a biotechnology company focused on the research, development, manufacturing, and commercialization of life-saving vaccines. The vast majority of the company's revenue is generated in the United States, Germany, and other geographic markets. Its products include Encepur, Jynneos, Rabipur, Vaxchora and Vivotif.

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