Guideline Geo AB (LTS:0QHZ) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Guideline Geo AB 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. Guideline Geo AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr11.0 Mil. Guideline Geo AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr46.6 Mil. Guideline Geo AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guideline Geo AB's Days Inventory for the three months ended in Mar. 2024 was 386.99.

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. Guideline Geo AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.37.

Guideline Geo AB Inventory Turnover Historical Data

The historical data trend for Guideline Geo AB'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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Guideline Geo AB Inventory Turnover Chart

Guideline Geo AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.70

1.91

1.36

2.38

2.04

Guideline Geo AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.44	0.26	0.41	0.24

Guideline Geo AB Inventory Turnover Calculation

Guideline Geo AB's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	60.876	/ (	(24.635	+	35.141)	/	2 )
=	60.876	/	29.888
=	2.04

Guideline Geo AB'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	10.996	/ (	(42.049	+	51.218)	/	2 )
=	10.996	/	46.6335
=	0.24

Guideline Geo AB (LTS:0QHZ) 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.

Guideline Geo AB'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
	=	46.6335	/	10.996	*	365 / 4
	=	386.99

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.

Guideline Geo AB'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 )
	=	46.6335	/	34.056
	=	1.37

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.

Guideline Geo AB Inventory Turnover Related Terms

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Guideline Geo AB (LTS:0QHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guideline Geo AB (LTS:0QHZ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GGEO:Sweden GO91:Germany

Address

Hemvarnsgatan 9, Solna, SWE, 171 54

Website

http://www.guidelinegeo.com

Guideline Geo AB is operating in the field of geophysics. The company develops, manufactures and sells solutions for four global market areas: Mapping and investigation of groundwater sources, monitoring and mapping of environmental pollution, investigation prior to construction of construction and maintenance of infrastructure, and investigation and mapping in mineral prospecting and mining. The group includes the MALA and ABEM brands and sales are conducted globally.

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