New Wave Group AB (OSTO:NEWA B) Inventory Turnover : 0.19 (As of Mar. 2024)

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What is New Wave 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. New Wave Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,003 Mil. New Wave Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr5,319 Mil. New Wave Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Wave Group AB's Days Inventory for the three months ended in Mar. 2024 was 483.79.

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. New Wave Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.67.

New Wave Group AB Inventory Turnover Historical Data

The historical data trend for New Wave 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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New Wave Group AB Inventory Turnover Chart

New Wave Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.09

1.07

1.20

1.09

0.89

New Wave Group AB 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															0.19	0.21	0.21	0.23	0.19

New Wave Group AB Inventory Turnover Calculation

New Wave 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 )
=	4730.3	/ (	(5297.7	+	5346.8)	/	2 )
=	4730.3	/	5322.25
=	0.89

New Wave 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 )
=	1003.3	/ (	(5346.8	+	5291.8)	/	2 )
=	1003.3	/	5319.3
=	0.19

New Wave Group AB (OSTO:NEWA 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.

New Wave 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
	=	5319.3	/	1003.3	*	365 / 4
	=	483.79

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.

New Wave 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 )
	=	5319.3	/	1995.2
	=	2.67

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.

New Wave Group AB Inventory Turnover Related Terms

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New Wave Group AB (OSTO:NEWA B) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Wave Group AB (OSTO:NEWA B) » Definitions » Inventory Turnover

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NWG0:Germany

Address

Kungsportsavenyen 10, Gothenburg, SWE, 41136

Website

https://www.nwg.se

New Wave Group AB is a Sweden-based company that designs, acquires and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group market its products in the corporate promo market and the retail market. The group divides its operations into three operating segments, Corporate, Sports and Leisure, and Gifts and Home Furnishings.

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