Sarsys AB (NGM:SARS) Inventory Turnover : 0.51 (As of Dec. 2023)

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What is Sarsys 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. Sarsys AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5.64 Mil. Sarsys AB's Average Total Inventories for the quarter that ended in Dec. 2023 was kr11.06 Mil. Sarsys AB's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sarsys AB's Days Inventory for the three months ended in Dec. 2023 was 178.80.

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. Sarsys AB's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.96.

Sarsys AB Inventory Turnover Historical Data

The historical data trend for Sarsys 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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Sarsys AB Inventory Turnover Chart

Sarsys AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.02

1.69

1.12

1.01

1.71

Sarsys AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.27	0.20	0.47	0.32	0.51

Sarsys AB Inventory Turnover Calculation

Sarsys AB'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 )
=	18.739	/ (	(12.311	+	9.637)	/	2 )
=	18.739	/	10.974
=	1.71

Sarsys AB's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5.643	/ (	(12.477	+	9.637)	/	2 )
=	5.643	/	11.057
=	0.51

Sarsys AB (NGM:SARS) 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.

Sarsys AB's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	11.057	/	5.643	*	365 / 4
	=	178.80

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.

Sarsys AB's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	11.057	/	11.562
	=	0.96

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.

Sarsys AB Inventory Turnover Related Terms

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Sarsys AB (NGM:SARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sarsys AB (NGM:SARS) » Definitions » Inventory Turnover

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N/A

Address

Piledalsvagen 51, Box 31, Kopingebro, SWE, 271 73

Website

https://www.sarsys-asft.com

Sarsys AB formerly SARSYS-ASFT AB is a developer and manufacturer of Continuous Friction Measuring Equipment and provider of cutting-edge ITS and Road/Runway Weather Information System. ASTF products include Volvo XC60/V90 Friction Tester, VW Sharan Friction, Skoda Octavia Friction, T-5 Trailer Friction, and T2GO Friction Tester. SARSYS products include Sarsys Volvo Friction Tester (V90), Sarsys Opel Friction, Sarsys Friction Tester Transporter, and Sarsys Trailer Friction Tester. The products include computerized technology for monitoring factors such as friction, freezing points, early ice warning-systems, precipitation, groundfrost, ice deposit growth, camera-surveillance systems among others.

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