Anora Group (OHEL:ANORA) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is Anora Group 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. Anora Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €85.6 Mil. Anora Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €151.3 Mil. Anora Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anora Group's Days Inventory for the three months ended in Mar. 2024 was 161.23.

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. Anora Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.03.

Anora Group Inventory Turnover Historical Data

The historical data trend for Anora Group'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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Anora Group Inventory Turnover Chart

Anora Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.23

2.09

2.32

2.55

2.68

Anora Group Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.49	0.53	0.52	0.77	0.57

Anora Group Inventory Turnover Calculation

Anora Group'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 )
=	441.4	/ (	(185.7	+	144)	/	2 )
=	441.4	/	164.85
=	2.68

Anora Group'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 )
=	85.6	/ (	(144	+	158.5)	/	2 )
=	85.6	/	151.25
=	0.57

Anora Group (OHEL:ANORA) 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.

Anora Group'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
	=	151.25	/	85.6	*	365 / 4
	=	161.23

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.

Anora Group'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 )
	=	151.25	/	146.9
	=	1.03

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.

Anora Group Inventory Turnover Related Terms

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Anora Group (OHEL:ANORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anora Group Plc (OHEL:ANORA) » Definitions » Inventory Turnover

Traded in Other Exchanges

28Q:Germany

Address

Kaapeliaukio 1, Helsinki, FIN, FI-00180

Website

https://www.anora.com

Anora Group Plc is a wine and spirits brand house in the Nordic region and a industry forerunner in sustainability. The company's portfolio consists of its own iconic Nordic brands and a wide range of prominent international partner wines and spirits. Its segment includes Finland and Exports; Scandinavia; Altia Industrial and Arcus. The company generates maximum revenue from Scandinavia. Anora has a broad portfolio of iconic brands, including Koskenkorva, Linie, Larsen, Skagerrak, Chill Out, Ruby Zin, Wongraven, O.P. Anderson and Falling Feather.

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