TCM Group AS (OCSE:TCM) Inventory Turnover : 2.57 (As of Dec. 2024)

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What is TCM Group 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. TCM Group AS's Cost of Goods Sold for the three months ended in Dec. 2024 was kr234 Mil. TCM Group AS's Average Total Inventories for the quarter that ended in Dec. 2024 was kr91 Mil. TCM Group AS's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TCM Group AS's Days Inventory for the three months ended in Dec. 2024 was 35.44.

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. TCM Group AS's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.30.

TCM Group AS Inventory Turnover Historical Data

The historical data trend for TCM Group 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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TCM Group AS Inventory Turnover Chart

TCM Group AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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17.00

13.55

11.55

10.02

10.44

TCM Group AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.37	2.58	3.00	2.47	2.57

TCM Group AS Inventory Turnover Calculation

TCM Group AS's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	948.377	/ (	(92.537	+	89.147)	/	2 )
=	948.377	/	90.842
=	10.44

TCM Group AS's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	233.6	/ (	(92.3	+	89.147)	/	2 )
=	233.6	/	90.7235
=	2.57

TCM Group AS (OCSE:TCM) 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.

TCM Group AS's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	90.7235	/	233.6	*	365 / 4
	=	35.44

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.

TCM Group AS's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	90.7235	/	301.4
	=	0.30

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.

TCM Group AS Inventory Turnover Related Terms

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TCM Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group AS (OCSE:TCM) » Definitions » Inventory Turnover

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0CUN:UK

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.

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