ES Energyve Holding AB (OSTO:ESGR B) Inventory Turnover : 0.32 (As of Jan. 2024)

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What is ES Energyve Holding 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. ES Energyve Holding AB's Cost of Goods Sold for the three months ended in Jan. 2024 was kr33.0 Mil. ES Energyve Holding AB's Average Total Inventories for the quarter that ended in Jan. 2024 was kr103.7 Mil. ES Energyve Holding AB's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ES Energyve Holding AB's Days Inventory for the three months ended in Jan. 2024 was 287.16.

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. ES Energyve Holding AB's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 2.06.

ES Energyve Holding AB Inventory Turnover Historical Data

The historical data trend for ES Energyve Holding 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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ES Energyve Holding AB Inventory Turnover Chart

ES Energyve Holding AB Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

1.88

1.47

2.25

3.33

3.18

ES Energyve Holding AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.09	0.40	0.20	0.21	0.32

ES Energyve Holding AB Inventory Turnover Calculation

ES Energyve Holding AB's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	199.698	/ (	(28.606	+	96.981)	/	2 )
=	199.698	/	62.7935
=	3.18

ES Energyve Holding AB's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	32.952	/ (	(101.127	+	106.273)	/	2 )
=	32.952	/	103.7
=	0.32

ES Energyve Holding AB (OSTO:ESGR 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.

ES Energyve Holding AB's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	103.7	/	32.952	*	365 / 4
	=	287.16

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.

ES Energyve Holding AB's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	103.7	/	50.325
	=	2.06

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.

ES Energyve Holding AB Inventory Turnover Related Terms

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ES Energyve Holding AB (OSTO:ESGR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ES Energy Save Holding AB (OSTO:ESGR B) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nitgatan 2, Alingsas, SWE, SE-441 38

Website

https://www.energysave.se

ES Energy Save Holding AB is engaged in the business of developing energy-saving products. The product portfolio includes heat pumps and systems. Also, the company provides heat pump accessories and air management services.

ES Energyve Holding AB (OSTO:ESGR B) Headlines

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