Elmera Group ASA (OSL:ELMRA) Inventory Turnover : 19,247.62 (As of Mar. 2024)

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What is Elmera Group ASA 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. Elmera Group ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr4,841 Mil. Elmera Group ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr0 Mil. Elmera Group ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 19,247.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elmera Group ASA's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Elmera Group ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Elmera Group ASA Inventory Turnover Historical Data

The historical data trend for Elmera Group ASA'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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Elmera Group ASA Inventory Turnover Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8,782.81

1,454.04

5,879.03

18,283.59

41,377.92

Elmera Group ASA 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															15,722.96	5,126.49	2,831.44	9,693.07	19,247.62

Elmera Group ASA Inventory Turnover Calculation

Elmera Group ASA'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 )
=	17192.526	/ (	(0.46	+	0.371)	/	2 )
=	17192.526	/	0.4155
=	41,377.92

Elmera Group ASA'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 )
=	4840.776	/ (	(0.371	+	0.132)	/	2 )
=	4840.776	/	0.2515
=	19,247.62

Elmera Group ASA (OSL:ELMRA) 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.

Elmera Group ASA'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
	=	0.2515	/	4840.776	*	365 / 4
	=	0.00

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.

Elmera Group ASA'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 )
	=	0.2515	/	5367.283
	=	0.00

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.

Elmera Group ASA Inventory Turnover Related Terms

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Elmera Group ASA (OSL:ELMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSL:ELMRA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FKRAFTo:Sweden 1ZK:Germany 1ZK:Germany

Address

Folke Bernadottes vei 38, Fyllingsdalen, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments being; Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

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