SameSystem A/S (OCSE:SAME) Inventory Turnover : 0.77 (As of Sep. 2023)

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What is SameSystem 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. SameSystem A/S's Cost of Goods Sold for the three months ended in Sep. 2023 was kr0.04 Mil. SameSystem A/S's Average Total Inventories for the quarter that ended in Sep. 2023 was kr0.05 Mil. SameSystem A/S's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SameSystem A/S's Days Inventory for the three months ended in Sep. 2023 was 118.62.

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. SameSystem A/S's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

SameSystem A/S Inventory Turnover Historical Data

The historical data trend for SameSystem 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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SameSystem A/S Inventory Turnover Chart

SameSystem A/S Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

78.74

83.02

792.41

839.10

404.07

SameSystem A/S Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial									138.30	134.85	187.12	172.91	0.77

SameSystem A/S Inventory Turnover Calculation

SameSystem A/S's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	28.689	/ (	(0.079	+	0.063)	/	2 )
=	28.689	/	0.071
=	404.07

SameSystem A/S's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.040000000000001	/ (	(0.041	+	0.063)	/	2 )
=	0.040000000000001	/	0.052
=	0.77

SameSystem A/S (OCSE:SAME) 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.

SameSystem A/S's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.052	/	0.040000000000001	*	365 / 4
	=	118.62

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.

SameSystem A/S's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.052	/	12.335
	=	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.

SameSystem A/S Inventory Turnover Related Terms

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SameSystem A/S (OCSE:SAME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SameSystem A/S (OCSE:SAME) » Definitions » Inventory Turnover

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Traded in Other Exchanges

6EK0:Germany

Address

Rentemestervej 2A, Nordvest, Copenhagen, DNK, 2400

Website

https://www.samesystem.com

SameSystem A/S is a software-as-a-service company that provides an online workforce management solution focusing on retailers and food service providers. The SaaS solution platform unites various workforce and workflow processes in a fully compliant fashion with local or specific regulatory requirements helping managers to do perfect planning and solve administrative tasks easily and efficiently. Geographically, the company generates majority of its revenue from Denmark.

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