Endomines Finland Oyj (FRA:H13) Inventory Turnover : 19.50 (As of Dec. 2024)

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What is Endomines Finland Oyj 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. Endomines Finland Oyj's Cost of Goods Sold for the six months ended in Dec. 2024 was €7.80 Mil. Endomines Finland Oyj's Average Total Inventories for the quarter that ended in Dec. 2024 was €0.40 Mil. Endomines Finland Oyj's Inventory Turnover for the quarter that ended in Dec. 2024 was 19.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Endomines Finland Oyj's Days Inventory for the six months ended in Dec. 2024 was 9.36.

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. Endomines Finland Oyj's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Endomines Finland Oyj Inventory Turnover Historical Data

The historical data trend for Endomines Finland Oyj'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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Endomines Finland Oyj Inventory Turnover Chart

Endomines Finland Oyj Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

2.00

18.00

35.75

43.43

Endomines Finland Oyj Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			15.75	24.33	23.33	16.67	19.50

Endomines Finland Oyj Inventory Turnover Calculation

Endomines Finland Oyj'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 )
=	15.2	/ (	(0.4	+	0.3)	/	2 )
=	15.2	/	0.35
=	43.43

Endomines Finland Oyj'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 )
=	7.8	/ (	(0.5	+	0.3)	/	2 )
=	7.8	/	0.4
=	19.50

Endomines Finland Oyj (FRA:H13) 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.

Endomines Finland Oyj'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
	=	0.4	/	7.8	*	365 / 2
	=	9.36

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.

Endomines Finland Oyj'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 )
	=	0.4	/	15.6
	=	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.

Endomines Finland Oyj Inventory Turnover Related Terms

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Endomines Finland Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Endomines Finland Oyj (FRA:H13) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PAMPALO:Finland

Address

Ahventie 4 A, Espoo, FIN, 02170

Website

https://www.endomines.com

Endomines Finland Oyj is a mining and exploration company with a primary focus on gold. It is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. The company also owns the rights to seven gold deposits in the United States. The company's reportable operating segments are Pampalo production, Karelian gold line, and USA operations. The Pampalo production segment, which generates key revenue for the company, consists of the operations of the underground mine and open pit, the operations of the concentrator, and the sale of gold concentrate.

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