Fly Play hf (OISE:PLAY) Inventory Turnover : 67.18 (As of Mar. 2025)

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What is Fly Play 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. Fly Play hf's Cost of Goods Sold for the three months ended in Mar. 2025 was kr6,934 Mil. Fly Play hf's Average Total Inventories for the quarter that ended in Mar. 2025 was kr103 Mil. Fly Play hf's Inventory Turnover for the quarter that ended in Mar. 2025 was 67.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fly Play hf's Days Inventory for the three months ended in Mar. 2025 was 1.36.

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. Fly Play hf's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.02.

Fly Play hf Inventory Turnover Historical Data

The historical data trend for Fly Play 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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Fly Play hf Inventory Turnover Chart

Fly Play hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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125.34

311.69

570.60

575.80

Fly Play hf Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial														338.27	216.02	198.39	98.71	67.18

Fly Play hf Inventory Turnover Calculation

Fly Play 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 )
=	39091.669	/ (	(23.546	+	112.235)	/	2 )
=	39091.669	/	67.8905
=	575.80

Fly Play hf's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	6933.718	/ (	(112.235	+	94.183)	/	2 )
=	6933.718	/	103.209
=	67.18

Fly Play hf (OISE:PLAY) 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.

Fly Play hf's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	103.209	/	6933.718	*	365 / 4
	=	1.36

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.

Fly Play hf's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	103.209	/	6064.354
	=	0.02

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.

Fly Play hf Inventory Turnover Related Terms

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Fly Play hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fly Play hf (OISE:PLAY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Suourlandsbraut 14, Reykjavik, ISL, 108

Website

https://www.flyplay.com

Fly Play hf is an Icelandic low-cost airline operating flights between North America and Europe. It operates a fleet of Airbus aircraft, with its main hub at Keflavik International Airport. The airline offers a range of related services, including food and beverages, as well as booking services for its customers.