Karnell Group AB (OSTO:KARNEL B) Inventory Turnover : 0.73 (As of Mar. 2024)

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What is Karnell Group 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. Karnell Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr206.8 Mil. Karnell Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr281.6 Mil. Karnell Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Karnell Group AB's Days Inventory for the three months ended in Mar. 2024 was 124.25.

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. Karnell Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

Karnell Group AB Inventory Turnover Historical Data

The historical data trend for Karnell Group 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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Karnell Group AB Inventory Turnover Chart

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

4.38

4.96

4.29

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Inventory Turnover	-	-	1.00	-	0.73

Karnell Group AB Inventory Turnover Calculation

Karnell Group 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 )
=	926.2	/ (	(180.129	+	251.577)	/	2 )
=	926.2	/	215.853
=	4.29

Karnell Group 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 )
=	206.8	/ (	(251.577	+	311.6)	/	2 )
=	206.8	/	281.5885
=	0.73

Karnell Group AB (OSTO:KARNEL 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.

Karnell Group 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
	=	281.5885	/	206.8	*	365 / 4
	=	124.25

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.

Karnell Group 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 )
	=	281.5885	/	287.9
	=	0.98

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.

Karnell Group AB Inventory Turnover Related Terms

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Karnell Group AB (OSTO:KARNEL B) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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