InCoax Networks AB (OSTO:INCOAX) Inventory Turnover : 0.12 (As of Sep. 2024)

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What is InCoax Networks 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. InCoax Networks AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr1.95 Mil. InCoax Networks AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr16.74 Mil. InCoax Networks AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InCoax Networks AB's Days Inventory for the three months ended in Sep. 2024 was 784.77.

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. InCoax Networks AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.99.

InCoax Networks AB Inventory Turnover Historical Data

The historical data trend for InCoax Networks 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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InCoax Networks AB Inventory Turnover Chart

InCoax Networks AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.23

0.13

-0.43

-1.15

0.60

InCoax Networks AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.51	0.44	0.22	0.12

InCoax Networks AB Inventory Turnover Calculation

InCoax Networks 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 )
=	9.396	/ (	(9.516	+	21.596)	/	2 )
=	9.396	/	15.556
=	0.60

InCoax Networks 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 )
=	1.946	/ (	(14.977	+	18.495)	/	2 )
=	1.946	/	16.736
=	0.12

InCoax Networks AB (OSTO:INCOAX) 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.

InCoax Networks 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
	=	16.736	/	1.946	*	365 / 4
	=	784.77

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.

InCoax Networks 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 )
	=	16.736	/	16.855
	=	0.99

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.

InCoax Networks AB Inventory Turnover Related Terms

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InCoax Networks AB Business Description

Industry

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N/A

Address

Mobilvagen 10, Ideon Science Park, Lund, SWE, SE-223 62

Website

https://www.incoax.com

InCoax Networks AB develops solutions for broadband access with gigabit speed. The company develops and sells products for broadband access via coaxial cable. The company's products include MoCA access modems, InCoax combine, and InCoax access modems among others. Its customers include LAN operators, FWA operators, Internet service providers, and Hospitality customers. Geographically, the company generates a majority of its revenue from its customers in North America, and the rest from the European Union, and other regions.

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