Viking Line Abp (OHEL:VIK1V) Inventory Turnover : 4.29 (As of Mar. 2024)

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What is Viking Line Abp 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. Viking Line Abp's Cost of Goods Sold for the three months ended in Mar. 2024 was €57.0 Mil. Viking Line Abp's Average Total Inventories for the quarter that ended in Mar. 2024 was €13.3 Mil. Viking Line Abp's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viking Line Abp's Days Inventory for the three months ended in Mar. 2024 was 21.29.

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. Viking Line Abp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Viking Line Abp Inventory Turnover Historical Data

The historical data trend for Viking Line Abp'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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Viking Line Abp Inventory Turnover Chart

Viking Line Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.72

14.84

20.57

31.66

25.96

Viking Line Abp 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															3.86	4.71	4.67	11.55	4.29

Viking Line Abp Inventory Turnover Calculation

Viking Line Abp'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 )
=	346.6	/ (	(14	+	12.7)	/	2 )
=	346.6	/	13.35
=	25.96

Viking Line Abp'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 )
=	57	/ (	(12.7	+	13.9)	/	2 )
=	57	/	13.3
=	4.29

Viking Line Abp (OHEL:VIK1V) 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.

Viking Line Abp'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
	=	13.3	/	57	*	365 / 4
	=	21.29

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.

Viking Line Abp'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 )
	=	13.3	/	93.6
	=	0.14

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.

Viking Line Abp Inventory Turnover Related Terms

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Viking Line Abp (OHEL:VIK1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viking Line Abp (OHEL:VIK1V) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Norragatan 4, P.O. Box 166, Aland, Mariehamn, FIN, AX-22101

Website

https://www.vikingline.fi

Viking Line Abp is a Finland-based company engaged in providing passenger and cargo carrier services in the northern Baltic Sea. It also offers onboard services such as shopping, food and professional entertainment and hotel services. The group's operations are divided into two operating segments: Vessels and Unallocated. The Vessel operating segment, which is the key revenue driver, comprises direct revenue and expenses including depreciation and amortization that is attributable to vessel operations. The Unallocated operating segment mainly comprises unallocated marketing and administrative expenses. The business of the group is primarily operated in Finland.

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