Trifork Group AG (OCSE:TRIFOR) Inventory Turnover : 97.11 (As of Mar. 2024)

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What is Trifork Group AG 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. Trifork Group AG's Cost of Goods Sold for the three months ended in Mar. 2024 was kr293 Mil. Trifork Group AG's Average Total Inventories for the quarter that ended in Mar. 2024 was kr3 Mil. Trifork Group AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 97.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trifork Group AG's Days Inventory for the three months ended in Mar. 2024 was 0.94.

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. Trifork Group AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Trifork Group AG Inventory Turnover Historical Data

The historical data trend for Trifork Group AG'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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Trifork Group AG Inventory Turnover Chart

Trifork Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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254.93

185.89

266.21

Trifork Group AG Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														30.14	34.98	28.19	33.28	97.11

Trifork Group AG Inventory Turnover Calculation

Trifork Group AG'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 )
=	1070.693	/ (	(6.986	+	1.058)	/	2 )
=	1070.693	/	4.022
=	266.21

Trifork Group AG's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	293.22	/ (	(1.058	+	4.981)	/	2 )
=	293.22	/	3.0195
=	97.11

Trifork Group AG (OCSE:TRIFOR) 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.

Trifork Group AG's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3.0195	/	293.22	*	365 / 4
	=	0.94

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.

Trifork Group AG's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3.0195	/	375.731
	=	0.01

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.

Trifork Group AG Inventory Turnover Related Terms

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Trifork Group AG (OCSE:TRIFOR) Business Description

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TRIFOc:UK

Address

Neuhofstrasse 10, Schindellegi, CHE, 8834

Website

https://www.trifork.com

Trifork Holding AG is an international IT group focusing on the development of software solutions. The company strives to be at the forefront of digital innovation. It focuses on three vertical business areas namely Digital Health, FinTech and Smart Buildings and three horizontals areas such as Cloud Operations, Cyber Protection and Smart Enterprise.

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