Fenix Outdoor International (OSTO:FOI B) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is Fenix Outdoor International 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. Fenix Outdoor International's Cost of Goods Sold for the three months ended in Mar. 2024 was kr785 Mil. Fenix Outdoor International's Average Total Inventories for the quarter that ended in Mar. 2024 was kr2,973 Mil. Fenix Outdoor International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fenix Outdoor International's Days Inventory for the three months ended in Mar. 2024 was 345.47.

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. Fenix Outdoor International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.60.

Fenix Outdoor International Inventory Turnover Historical Data

The historical data trend for Fenix Outdoor International'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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Fenix Outdoor International Inventory Turnover Chart

Fenix Outdoor International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.78

1.56

1.82

1.69

1.25

Fenix Outdoor International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.31	0.22	0.33	0.27	0.26

Fenix Outdoor International Inventory Turnover Calculation

Fenix Outdoor International'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 )
=	3563.783	/ (	(2670.081	+	3029.37)	/	2 )
=	3563.783	/	2849.7255
=	1.25

Fenix Outdoor International'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 )
=	785.374	/ (	(3029.37	+	2917.427)	/	2 )
=	785.374	/	2973.3985
=	0.26

Fenix Outdoor International (OSTO:FOI 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.

Fenix Outdoor International'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
	=	2973.3985	/	785.374	*	365 / 4
	=	345.47

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.

Fenix Outdoor International'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 )
	=	2973.3985	/	1853.664
	=	1.60

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.

Fenix Outdoor International Inventory Turnover Related Terms

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Fenix Outdoor International (OSTO:FOI B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fenix Outdoor International Ltd (OSTO:FOI B) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FOIBs:UK

Address

Weidstrasse 1a, Schweiz, Zug, CHE, 6300

Website

https://www.fenixoutdoor.se

Fenix Outdoor International Ltd designs and sells products for outdoor activities. It operates with three business segments namely Brands, Global Sales, and Frilufts. It generates maximum revenue from the Frilufts segment. Geographically, it derives a majority of revenue from Germany and also has a presence in Sweden, Benelux, the Americas, and other countries. Its brand includes Fjallraven, Tierra, Primus, Hanwag, Brunton, and others.

Fenix Outdoor International (OSTO:FOI B) Headlines

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