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Eimskipafelag Islands ehf (OISE:EIM) Inventory Turnover : 4.57 (As of Mar. 2024)


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What is Eimskipafelag Islands ehf 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. Eimskipafelag Islands ehf's Cost of Goods Sold for the three months ended in Mar. 2024 was kr7,985 Mil. Eimskipafelag Islands ehf's Average Total Inventories for the quarter that ended in Mar. 2024 was kr1,747 Mil. Eimskipafelag Islands ehf's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eimskipafelag Islands ehf's Days Inventory for the three months ended in Mar. 2024 was 19.96.

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. Eimskipafelag Islands ehf's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Eimskipafelag Islands ehf Inventory Turnover Historical Data

The historical data trend for Eimskipafelag Islands ehf'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.

* Premium members only.

Eimskipafelag Islands ehf Inventory Turnover Chart

Eimskipafelag Islands ehf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.86 31.36 24.93 18.59 18.09

Eimskipafelag Islands ehf 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.41 4.67 4.47 4.58 4.57

Eimskipafelag Islands ehf Inventory Turnover Calculation

Eimskipafelag Islands ehf'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 )
=31386.121 / ((1733.571 + 1735.891) / 2 )
=31386.121 / 1734.731
=18.09

Eimskipafelag Islands ehf'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 )
=7985.073 / ((1735.891 + 1757.244) / 2 )
=7985.073 / 1746.5675
=4.57

* 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.

Eimskipafelag Islands ehf  (OISE:EIM) 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.

Eimskipafelag Islands ehf'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
=1746.5675/7985.073*365 / 4
=19.96

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.

Eimskipafelag Islands ehf'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 )
=1746.5675 / 29729.587
=0.06

* 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.

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.

Eimskipafelag Islands ehf Inventory Turnover Related Terms

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Eimskipafelag Islands ehf (OISE:EIM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eimskipafelag Islands ehf (OISE:EIM) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Sundabakki 2, Reykjavík, ISL, 104
Website
https://www.eimskip.com
Eimskipafelag Islands ehf Formerly Eimpskipafelag Islands provides shipping, logistics, supply chain services. The company's operations are divided into two market segments namely Liner services and Forwarding services. The liner services segment includes operations such as port operations, cold storage facilities, warehousing, trucking and distribution, air freight and agency services in Iceland and Norway. The forwarding services segment includes reefer forwarding, a system based on a network of own offices, association with deep-sea lines and associates. The company earns the majority of its revenues from Iceland, the Faroe Islands, and Asia.