Nova Klubburinn hf (OISE:NOVA) Inventory Turnover : 3.77 (As of Dec. 2024)

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What is Nova Klubburinn hf 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. Nova Klubburinn hf's Cost of Goods Sold for the three months ended in Dec. 2024 was kr1,595 Mil. Nova Klubburinn hf's Average Total Inventories for the quarter that ended in Dec. 2024 was kr423 Mil. Nova Klubburinn hf's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nova Klubburinn hf's Days Inventory for the three months ended in Dec. 2024 was 24.18.

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. Nova Klubburinn hf's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.12.

Nova Klubburinn hf Inventory Turnover Historical Data

The historical data trend for Nova Klubburinn hf'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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Nova Klubburinn hf Inventory Turnover Chart

Nova Klubburinn hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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16.42

16.47

16.14

15.30

15.07

Nova Klubburinn hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial													3.87	3.21	2.92	3.34	3.77

Nova Klubburinn hf Inventory Turnover Calculation

Nova Klubburinn hf's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	6139.053	/ (	(405.306	+	409.572)	/	2 )
=	6139.053	/	407.439
=	15.07

Nova Klubburinn hf's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1594.836	/ (	(435.512	+	409.572)	/	2 )
=	1594.836	/	422.542
=	3.77

Nova Klubburinn hf (OISE:NOVA) 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.

Nova Klubburinn hf's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	422.542	/	1594.836	*	365 / 4
	=	24.18

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.

Nova Klubburinn hf's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	422.542	/	3471.927
	=	0.12

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.

Nova Klubburinn hf Inventory Turnover Related Terms

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Nova Klubburinn hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nova Klubburinn hf (OISE:NOVA) » Definitions » Inventory Turnover

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Address

Lagmuli 9, Reykjavik, ISL, 108

Website

https://www.nova.is

Nova Klubburinn hf a full-service telecommunications company operating in Iceland. Nova's customers are individuals and small and medium sized corporations. It operates through three key business areas: mobile network, Fixed network and Goods sold and Others.