SAS AB (OCSE:SAS DKK) Inventory Turnover : 17.63 (As of Apr. 2024)

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What is SAS 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. SAS AB's Cost of Goods Sold for the three months ended in Apr. 2024 was kr5,927 Mil. SAS AB's Average Total Inventories for the quarter that ended in Apr. 2024 was kr336 Mil. SAS AB's Inventory Turnover for the quarter that ended in Apr. 2024 was 17.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SAS AB's Days Inventory for the three months ended in Apr. 2024 was 5.18.

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. SAS AB's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.05.

SAS AB Inventory Turnover Historical Data

The historical data trend for SAS 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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SAS AB Inventory Turnover Chart

SAS AB Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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98.96

63.78

38.47

77.29

94.76

SAS AB Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Inventory Turnover	Get a 7-Day Free Trial															30.03	31.35	27.61	17.96	17.63

SAS AB Inventory Turnover Calculation

SAS AB's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	23715.831	/ (	(216.781	+	283.742)	/	2 )
=	23715.831	/	250.2615
=	94.76

SAS AB's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	5926.549	/ (	(329.565	+	342.869)	/	2 )
=	5926.549	/	336.217
=	17.63

SAS AB (OCSE:SAS DKK) 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.

SAS AB's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	336.217	/	5926.549	*	365 / 4
	=	5.18

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.

SAS AB's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	336.217	/	6428.952
	=	0.05

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.

SAS AB Inventory Turnover Related Terms

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SAS AB (OCSE:SAS DKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (OCSE:SAS DKK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SAS:Sweden SASNO:Norway 0O1W:UK SSV2:Germany

Address

Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87

Website

https://www.sasgroup.net

SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

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