StrongPoint ASA (LTS:0JEZ) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is StrongPoint ASA 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. StrongPoint ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr229 Mil. StrongPoint ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr228 Mil. StrongPoint ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. StrongPoint ASA's Days Inventory for the three months ended in Mar. 2024 was 90.67.

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. StrongPoint ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

StrongPoint ASA Inventory Turnover Historical Data

The historical data trend for StrongPoint ASA'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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StrongPoint ASA Inventory Turnover Chart

StrongPoint ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.99

3.90

3.14

3.84

3.48

StrongPoint ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.08	0.86	0.66	0.83	1.01

StrongPoint ASA Inventory Turnover Calculation

StrongPoint ASA'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 )
=	805.266	/ (	(232.124	+	230.424)	/	2 )
=	805.266	/	231.274
=	3.48

StrongPoint ASA'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 )
=	229.148	/ (	(230.424	+	224.968)	/	2 )
=	229.148	/	227.696
=	1.01

StrongPoint ASA (LTS:0JEZ) 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.

StrongPoint ASA'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
	=	227.696	/	229.148	*	365 / 4
	=	90.67

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.

StrongPoint ASA'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 )
	=	227.696	/	358.958
	=	0.63

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.

StrongPoint ASA Inventory Turnover Related Terms

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StrongPoint ASA (LTS:0JEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongPoint ASA (LTS:0JEZ) » Definitions » Inventory Turnover

Traded in Other Exchanges

PSIo:Sweden STRO:Norway PGT:Germany

Address

Slynga 10, Raelingen, NOR, 2005

Website

https://www.strongpoint.com

StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees in Norway, Sweden, the Baltics and Spain and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions.

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