Norwegian Air Shuttle ASA (OSL:NAS) Inventory Turnover : 15.41 (As of Mar. 2024)

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What is Norwegian Air Shuttle 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. Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5,885 Mil. Norwegian Air Shuttle ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr382 Mil. Norwegian Air Shuttle ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norwegian Air Shuttle ASA's Days Inventory for the three months ended in Mar. 2024 was 5.92.

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. Norwegian Air Shuttle ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Norwegian Air Shuttle ASA Inventory Turnover Historical Data

The historical data trend for Norwegian Air Shuttle 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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Norwegian Air Shuttle ASA Inventory Turnover Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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219.39

120.87

169.51

347.74

117.94

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															45.05	36.19	28.16	17.48	15.41

Norwegian Air Shuttle ASA Inventory Turnover Calculation

Norwegian Air Shuttle 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 )
=	20102.5	/ (	(81.3	+	259.6)	/	2 )
=	20102.5	/	170.45
=	117.94

Norwegian Air Shuttle 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 )
=	5885.2	/ (	(259.6	+	504)	/	2 )
=	5885.2	/	381.8
=	15.41

Norwegian Air Shuttle ASA (OSL:NAS) 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.

Norwegian Air Shuttle 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
	=	381.8	/	5885.2	*	365 / 4
	=	5.92

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.

Norwegian Air Shuttle 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 )
	=	381.8	/	6144.4
	=	0.06

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.

Norwegian Air Shuttle ASA Inventory Turnover Related Terms

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Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

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