Atria Oyj (OHEL:ATRAV) Inventory Turnover : 2.76 (As of Mar. 2024)

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What is Atria Oyj 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. Atria Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €378 Mil. Atria Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was €137 Mil. Atria Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atria Oyj's Days Inventory for the three months ended in Mar. 2024 was 33.02.

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. Atria Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

Atria Oyj Inventory Turnover Historical Data

The historical data trend for Atria Oyj'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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Atria Oyj Inventory Turnover Chart

Atria Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.53

12.12

12.41

11.31

10.91

Atria Oyj Quarterly Data
	Jun19	Sep19	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															2.49	2.88	2.74	2.88	2.76

Atria Oyj Inventory Turnover Calculation

Atria Oyj'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 )
=	1585.281	/ (	(157.05	+	133.633)	/	2 )
=	1585.281	/	145.3415
=	10.91

Atria Oyj'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 )
=	378.4	/ (	(133.633	+	140.2)	/	2 )
=	378.4	/	136.9165
=	2.76

Atria Oyj (OHEL:ATRAV) 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.

Atria Oyj'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
	=	136.9165	/	378.4	*	365 / 4
	=	33.02

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.

Atria Oyj'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 )
	=	136.9165	/	416.8
	=	0.33

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.

Atria Oyj Inventory Turnover Related Terms

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Atria Oyj (OHEL:ATRAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Atria Oyj (OHEL:ATRAV) » Definitions » Inventory Turnover

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Traded in Other Exchanges

AJC:Germany

Address

Itikanmaenkatu 3, P.O. Box 900, Seinajoki, FIN, 60060

Website

https://www.atria.fi

Atria Oyj is a meat and food company. It offers meat products, poultry products, cold cuts, convenience food, and animal feed. The company markets and sells its products under brand names Atria, Forssan, Jvya Broiler, Ridderheims, and Sibylla, among others. The firm mainly operates in the Nordic countries, Russia and Estonia. The Atria group has reportable segments namely Atria Finland, Atria Sweden and Atria Denmark and Estonia. It generates a majority of its revenue from Atria Finland.

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