Kitron ASA (OSL:KIT) Inventory Turnover : 0.77 (As of Dec. 2023)

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What is Kitron 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. Kitron ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,550 Mil. Kitron ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr2,012 Mil. Kitron ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kitron ASA's Days Inventory for the three months ended in Dec. 2023 was 118.50.

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. Kitron ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.88.

Kitron ASA Inventory Turnover Historical Data

The historical data trend for Kitron 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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Kitron ASA Inventory Turnover Chart

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.04

5.33

3.45

3.40

3.27

Kitron ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.69	0.74	0.77	0.66	0.77

Kitron ASA Inventory Turnover Calculation

Kitron 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 )
=	6077.697	/ (	(1807.514	+	1914.308)	/	2 )
=	6077.697	/	1860.911
=	3.27

Kitron ASA'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1549.623	/ (	(2110.603	+	1914.308)	/	2 )
=	1549.623	/	2012.4555
=	0.77

Kitron ASA (OSL:KIT) 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.

Kitron ASA's Days Inventory for the three 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
	=	2012.4555	/	1549.623	*	365 / 4
	=	118.50

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.

Kitron ASA'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 )
	=	2012.4555	/	2290.497
	=	0.88

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.

Kitron ASA Inventory Turnover Related Terms

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Kitron ASA (OSL:KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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