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NTG Nordic Transport Group A/S (OCSE:NTG) Inventory Turnover : 0.00 (As of Dec. 2023)


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What is NTG Nordic Transport Group A/S 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. NTG Nordic Transport Group A/S's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,372 Mil. NTG Nordic Transport Group A/S's Average Total Inventories for the quarter that ended in Dec. 2023 was kr0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NTG Nordic Transport Group A/S's Days Inventory for the three months ended in Dec. 2023 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. NTG Nordic Transport Group A/S's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

NTG Nordic Transport Group A/S Inventory Turnover Historical Data

The historical data trend for NTG Nordic Transport Group A/S'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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NTG Nordic Transport Group A/S Inventory Turnover Chart

NTG Nordic Transport Group A/S Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
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NTG Nordic Transport Group A/S Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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NTG Nordic Transport Group A/S Inventory Turnover Calculation

NTG Nordic Transport Group A/S'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 )
=6472 / ((0 + 0) / 1 )
=6472 / 0
=N/A

NTG Nordic Transport Group A/S'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 )
=1372 / ((0 + 0) / 1 )
=1372 / 0
=N/A

* 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.

NTG Nordic Transport Group A/S  (OCSE:NTG) 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.

NTG Nordic Transport Group A/S'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
=0/1372*365 / 4
=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.

NTG Nordic Transport Group A/S'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 )
=0 / 2001
=0.00

* 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.

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.

NTG Nordic Transport Group A/S Inventory Turnover Related Terms

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NTG Nordic Transport Group A/S (OCSE:NTG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NTG Nordic Transport Group A/S (OCSE:NTG) » Definitions » Inventory Turnover
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Traded in Other Exchanges
NRSA:Germany
Address
Hammerholmen 47-49, Hvidovre, DNK, DK-2650
Website
https://www.ntg.com
NTG Nordic Transport Group A/S is a Denmark-based transport company. It offers the full range of freight forwarding services and end-to-end solutions within Air and Ocean and Road and Logistics fuelled by people power and technology. Business segments of the company include Road and Logistics and Air and Ocean. The majority of revenue is earned through Road and Logistics segment. The revenues are earned in Denmark, Sweden, the USA, Germany, Finland and other countries with the majority of the revenue earned in Denmark.