Euroafrica Digital Ventures AB (OSTO:EURA) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Euroafrica Digital Ventures 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. Euroafrica Digital Ventures AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.53 Mil. Euroafrica Digital Ventures AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Euroafrica Digital Ventures AB's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Euroafrica Digital Ventures AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Euroafrica Digital Ventures AB Inventory Turnover Historical Data

The historical data trend for Euroafrica Digital Ventures 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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Euroafrica Digital Ventures AB Inventory Turnover Chart

Euroafrica Digital Ventures AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Euroafrica Digital Ventures AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	-	-

Euroafrica Digital Ventures AB Inventory Turnover Calculation

Euroafrica Digital Ventures 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 )
=	20.642	/ (	(0	+	0)	/	1 )
=	20.642	/	0
=	N/A

Euroafrica Digital Ventures 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 )
=	0.526	/ (	(0	+	0)	/	1 )
=	0.526	/	0
=	N/A

Euroafrica Digital Ventures AB (OSTO:EURA) 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.

Euroafrica Digital Ventures 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
	=	0	/	0.526	*	365 / 4
	=	0.00

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.

Euroafrica Digital Ventures 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 )
	=	0	/	5.034
	=	0.00

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.

Euroafrica Digital Ventures AB Inventory Turnover Related Terms

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Euroafrica Digital Ventures AB (OSTO:EURA) Business Description

Industry

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Traded in Other Exchanges

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Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.

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