Netel Holding AB (OSTO:NETEL) Inventory Turnover : 58.40 (As of Mar. 2024)

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What is Netel Holding 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. Netel Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr438 Mil. Netel Holding AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr8 Mil. Netel Holding AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 58.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Netel Holding AB's Days Inventory for the three months ended in Mar. 2024 was 1.56.

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. Netel Holding AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Netel Holding AB Inventory Turnover Historical Data

The historical data trend for Netel Holding 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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Netel Holding AB Inventory Turnover Chart

Netel Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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176.17

296.91

259.67

247.63

280.75

Netel Holding AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												51.88	68.88	74.00	85.88	58.40

Netel Holding AB Inventory Turnover Calculation

Netel Holding 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 )
=	2246	/ (	(8	+	8)	/	2 )
=	2246	/	8
=	280.75

Netel Holding 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 )
=	438	/ (	(8	+	7)	/	2 )
=	438	/	7.5
=	58.40

Netel Holding AB (OSTO:NETEL) 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.

Netel Holding 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
	=	7.5	/	438	*	365 / 4
	=	1.56

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.

Netel Holding 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 )
	=	7.5	/	714
	=	0.01

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.

Netel Holding AB Inventory Turnover Related Terms

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Netel Holding AB (OSTO:NETEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Netel Holding AB (OSTO:NETEL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

2CR:Germany

Address

Fagelviksvagen 9, 7th Floor, Stockholm, SWE, SE-145 84

Website

https://www.netelgroup.com

Netel Holding AB is a specialist in critical infrastructure projects and services. It offers customers efficient, high-quality infrastructure projects and services through its extensive experience, broad geographical presence, and decentralized organization. It caters to industry players in power, telecommunications, and heating as well as water and sewage in carrying out projects as well as services and maintenance. The Group has five operating segments: Sweden, Norway, Finland, Germany, and the United Kingdom, out of which the company earns a majority of its revenue from Sweden.

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