Everfuel AS (OSL:EFUEL) Inventory Turnover : 9.02 (As of Jun. 2024)

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What is Everfuel 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. Everfuel AS's Cost of Goods Sold for the three months ended in Jun. 2024 was kr3.31 Mil. Everfuel AS's Average Total Inventories for the quarter that ended in Jun. 2024 was kr0.37 Mil. Everfuel AS's Inventory Turnover for the quarter that ended in Jun. 2024 was 9.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Everfuel AS's Days Inventory for the three months ended in Jun. 2024 was 10.12.

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. Everfuel AS's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

Everfuel AS Inventory Turnover Historical Data

The historical data trend for Everfuel 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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Everfuel AS Inventory Turnover Chart

Everfuel AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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30.16

112.89

Everfuel AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															15.37	26.52	-1.41	13.75	9.02

Everfuel AS Inventory Turnover Calculation

Everfuel 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 )
=	98.89	/ (	(1.361	+	0.391)	/	2 )
=	98.89	/	0.876
=	112.89

Everfuel AS's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	3.314	/ (	(0.369	+	0.366)	/	2 )
=	3.314	/	0.3675
=	9.02

Everfuel AS (OSL:EFUEL) 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.

Everfuel AS's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.3675	/	3.314	*	365 / 4
	=	10.12

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.

Everfuel AS's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.3675	/	9.53
	=	0.04

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.

Everfuel AS Inventory Turnover Related Terms

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Everfuel AS Business Description

Industry

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Address

Ost Hogildvej 4A, Herning, DNK, 7400

Website

https://www.everfuel.com

Everfuel AS owns and operates green hydrogen infrastructure and partners with vehicle OEMs to connect the entire hydrogen value chain and provide hydrogen fuel to enterprise customers under long-term contracts. The company operates hydrogen production (electrolyzers), hydrogen distribution, and hydrogen stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms. It offers all-inclusive hydrogen fueling solutions to buses, trucks, and taxis and delivery to vans, trains, private cars, and marine, as well as for industry stakeholders working with alternative hydrogen-based green fuels and Power to X-products.

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