Engcon AB (OSTO:ENGCON B) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Engcon 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. Engcon AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr228 Mil. Engcon AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr316 Mil. Engcon AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Engcon AB's Days Inventory for the three months ended in Mar. 2024 was 126.27.

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. Engcon AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Engcon AB Inventory Turnover Historical Data

The historical data trend for Engcon 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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Engcon AB Inventory Turnover Chart

Engcon AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.57

2.82

3.31

2.96

2.94

Engcon AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										0.85	0.73	0.65	0.59	0.72

Engcon AB Inventory Turnover Calculation

Engcon AB'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 )
=	1096	/ (	(443	+	302)	/	2 )
=	1096	/	372.5
=	2.94

Engcon AB'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 )
=	228	/ (	(302	+	329)	/	2 )
=	228	/	315.5
=	0.72

Engcon AB (OSTO:ENGCON B) 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.

Engcon AB'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
	=	315.5	/	228	*	365 / 4
	=	126.27

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.

Engcon AB'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 )
	=	315.5	/	394
	=	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.

Engcon AB Inventory Turnover Related Terms

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Engcon AB (OSTO:ENGCON B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Engcon AB (OSTO:ENGCON B) » Definitions » Inventory Turnover

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Traded in Other Exchanges

917:Germany

Address

Godsgatan 6, Stromsund, SWE, 833 36

Website

https://www.engcon.com

Engcon AB is engaged in the design, production and sale of excavator tools.

Engcon AB (OSTO:ENGCON B) Headlines

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