Greater Than AB (OSTO:GREAT) Inventory Turnover : 10.44 (As of Jun. 2024)

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What is Greater Than 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. Greater Than AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr5.59 Mil. Greater Than AB's Average Total Inventories for the quarter that ended in Jun. 2024 was kr0.54 Mil. Greater Than AB's Inventory Turnover for the quarter that ended in Jun. 2024 was 10.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greater Than AB's Days Inventory for the three months ended in Jun. 2024 was 8.74.

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. Greater Than AB's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

Greater Than AB Inventory Turnover Historical Data

The historical data trend for Greater Than 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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Greater Than AB Inventory Turnover Chart

Greater Than AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.53

18.01

26.03

43.25

38.63

Greater Than AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															14.14	10.88	12.23	10.40	10.44

Greater Than AB Inventory Turnover Calculation

Greater Than 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 )
=	29.572	/ (	(0.996	+	0.535)	/	2 )
=	29.572	/	0.7655
=	38.63

Greater Than AB's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	5.588	/ (	(0.535	+	0.535)	/	2 )
=	5.588	/	0.535
=	10.44

Greater Than AB (OSTO:GREAT) 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.

Greater Than AB's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.535	/	5.588	*	365 / 4
	=	8.74

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.

Greater Than AB's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.535	/	12.236
	=	0.04

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.

Greater Than AB Inventory Turnover Related Terms

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Greater Than AB Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Greater Than AB (OSTO:GREAT) » Definitions » Inventory Turnover

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Address

Karlavagen 58, Stockholm, SWE, 114 49

Website

https://www.greaterthan.eu

Greater Than AB is a driving data analytics company that uses artificial intelligence to convert GPS data into driver scores that predict crash probability and climate impact. Insurance companies, underwriters, fleet solution providers, mobility providers and other owners of GPS data use Greater Than's analysis to optimize driver risk management, achieve insurance profitability, manage sustainability and ESG reporting, and monetize GPS data.

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