Fortinova Fastigheter AB (OSTO:FNOVA B) Inventory Turnover : 0.30 (As of Sep. 2024)

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What is Fortinova Fastigheter 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. Fortinova Fastigheter AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr29.5 Mil. Fortinova Fastigheter AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr96.8 Mil. Fortinova Fastigheter AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortinova Fastigheter AB's Days Inventory for the three months ended in Sep. 2024 was 299.42.

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. Fortinova Fastigheter AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.04.

Fortinova Fastigheter AB Inventory Turnover Historical Data

The historical data trend for Fortinova Fastigheter 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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Fortinova Fastigheter AB Inventory Turnover Chart

Fortinova Fastigheter AB Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Inventory Turnover

Fortinova Fastigheter AB Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial														-	-	0.39	0.35	0.30

Fortinova Fastigheter AB Inventory Turnover Calculation

Fortinova Fastigheter AB's Inventory Turnover for the fiscal year that ended in Aug. 2021 is calculated as

	Inventory Turnover (A: Aug. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2021 )	/ (	(Total Inventories (A: Aug. 2020 )	+	Total Inventories (A: Aug. 2021 ))	/	count )
=	82.8	/ (	(0	+	0)	/	1 )
=	82.8	/	0
=	N/A

Fortinova Fastigheter AB's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	29.5	/ (	(97.2	+	96.4)	/	2 )
=	29.5	/	96.8
=	0.30

Fortinova Fastigheter AB (OSTO:FNOVA 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.

Fortinova Fastigheter AB's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	96.8	/	29.5	*	365 / 4
	=	299.42

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.

Fortinova Fastigheter AB's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	96.8	/	92.8
	=	1.04

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.

Fortinova Fastigheter AB Inventory Turnover Related Terms

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Fortinova Fastigheter AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortinova Fastigheter AB (OSTO:FNOVA B) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Norrgatan 10, Varberg, SWE, 432 41

Website

https://www.fortinova.se

Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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