Coala-Life Group AB (OSTO:COALA) Inventory Turnover : 0.19 (As of Sep. 2023)

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What is Coala-Life Group AB 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. Coala-Life Group AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr2.20 Mil. Coala-Life Group AB's Average Total Inventories for the quarter that ended in Sep. 2023 was kr11.30 Mil. Coala-Life Group AB's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coala-Life Group AB's Days Inventory for the three months ended in Sep. 2023 was 468.69.

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. Coala-Life Group AB's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.80.

Coala-Life Group AB Inventory Turnover Historical Data

The historical data trend for Coala-Life Group AB'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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Coala-Life Group AB Inventory Turnover Chart

Coala-Life Group AB Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Inventory Turnover

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2.64

2.42

2.41

2.24

Coala-Life Group AB Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.06	0.24	0.28	0.40	0.19

Coala-Life Group AB Inventory Turnover Calculation

Coala-Life Group AB's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Aug. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0	/ (	(378.56	+	0)	/	1 )
=	0	/	378.56
=	0.00

Coala-Life Group AB's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.2	/ (	(10.8	+	11.8)	/	2 )
=	2.2	/	11.3
=	0.19

Coala-Life Group AB (OSTO:COALA) 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.

Coala-Life Group AB's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	11.3	/	2.2	*	365 / 4
	=	468.69

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.

Coala-Life Group AB's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	11.3	/	14.1
	=	0.80

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.

Coala-Life Group AB Inventory Turnover Related Terms

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Coala-Life Group AB (OSTO:COALA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coala-Life Group AB (OSTO:COALA) » Definitions » Inventory Turnover

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Address

Kalsangsgrand 10B, Uppsala, SWE, 753 19

Website

https://www.coalalife.com

Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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