Cadeler AS (OSL:CADLR) Inventory Turnover : 29.63 (As of Dec. 2023)

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What is Cadeler AS 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. Cadeler AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr398 Mil. Cadeler AS's Average Total Inventories for the quarter that ended in Dec. 2023 was kr13 Mil. Cadeler AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 29.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cadeler AS's Days Inventory for the six months ended in Dec. 2023 was 6.16.

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. Cadeler AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Cadeler AS Inventory Turnover Historical Data

The historical data trend for Cadeler AS'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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Cadeler AS Inventory Turnover Chart

Cadeler AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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82.26

163.70

101.56

101.55

51.26

Cadeler AS Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						54.65	40.22	41.18	51.20	29.63

Cadeler AS Inventory Turnover Calculation

Cadeler AS'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 )
=	688.622	/ (	(5.746	+	21.122)	/	2 )
=	688.622	/	13.434
=	51.26

Cadeler AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	398.461	/ (	(5.778	+	21.122)	/	2 )
=	398.461	/	13.45
=	29.63

Cadeler AS (OSL:CADLR) 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.

Cadeler AS's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13.45	/	398.461	*	365 / 2
	=	6.16

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.

Cadeler AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13.45	/	469.937
	=	0.03

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.

Cadeler AS Inventory Turnover Related Terms

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Cadeler AS (OSL:CADLR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CDLR:USA CADLF:USA CADLRo:Sweden CADLRo:UK CA2:Germany

Address

Arne Jacobsens Alle 7, Fairway House, Copenhagen S, DNK, DK-2300

Website

https://www.cadeler.com

Cadeler AS is a key supplier within the offshore wind industry for installation services and operation and maintenance work. The Company provides marine and engineering operations to the wind industry with a focus on safety and the environment. The Group owns and operates two offshore jack-up wind farm installation vessels, Wind Orca and Wind Osprey. In addition to wind farm installation, these vessels can perform maintenance, construction, decommissioning, and other tasks within the offshore industry.

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