Danish Aerospace Co AS (OCSE:DAC) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Danish Aerospace Co 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. Danish Aerospace Co AS's Cost of Goods Sold for the six months ended in Jun. 2024 was kr3.71 Mil. Danish Aerospace Co AS's Average Total Inventories for the quarter that ended in Jun. 2024 was kr0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Danish Aerospace Co AS's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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. Danish Aerospace Co AS's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Danish Aerospace Co AS Inventory Turnover Historical Data

The historical data trend for Danish Aerospace Co 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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Danish Aerospace Co AS Inventory Turnover Chart

Danish Aerospace Co AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.43

9.44

30.90

24.31

Danish Aerospace Co AS Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial									22.54	29.04	0.94	1.11	-

Danish Aerospace Co AS Inventory Turnover Calculation

Danish Aerospace Co AS'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 )
=	11.232	/ (	(0.462	+	0)	/	1 )
=	11.232	/	0.462
=	24.31

Danish Aerospace Co AS's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	3.712	/ (	(0	+	0)	/	1 )
=	3.712	/	0
=	N/A

Danish Aerospace Co AS (OCSE:DAC) 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.

Danish Aerospace Co AS's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0	/	3.712	*	365 / 2
	=	0.00

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.

Danish Aerospace Co AS's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	9.563
	=	0.00

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.

Danish Aerospace Co AS Inventory Turnover Related Terms

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Danish Aerospace Co AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co AS (OCSE:DAC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co AS is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.