Nordic Flanges Group AB (OSTO:NFGAB) Inventory Turnover : 0.59 (As of Sep. 2024)

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What is Nordic Flanges 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. Nordic Flanges Group AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr27.1 Mil. Nordic Flanges Group AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr46.3 Mil. Nordic Flanges Group AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordic Flanges Group AB's Days Inventory for the three months ended in Sep. 2024 was 155.85.

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. Nordic Flanges Group AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.89.

Nordic Flanges Group AB Inventory Turnover Historical Data

The historical data trend for Nordic Flanges 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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Nordic Flanges Group AB Inventory Turnover Chart

Nordic Flanges Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.85

1.91

1.96

2.28

2.86

Nordic Flanges Group AB Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.56	0.62	0.61	0.59

Nordic Flanges Group AB Inventory Turnover Calculation

Nordic Flanges 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 )
=	145.89	/ (	(57.639	+	44.481)	/	2 )
=	145.89	/	51.06
=	2.86

Nordic Flanges Group 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 )
=	27.12	/ (	(47.822	+	44.814)	/	2 )
=	27.12	/	46.318
=	0.59

Nordic Flanges Group AB (OSTO:NFGAB) 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.

Nordic Flanges Group 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
	=	46.318	/	27.12	*	365 / 4
	=	155.85

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.

Nordic Flanges Group 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 )
	=	46.318	/	52.334
	=	0.89

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.

Nordic Flanges Group AB Inventory Turnover Related Terms

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Nordic Flanges Group AB Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Flanges Group AB (OSTO:NFGAB) » Definitions » Inventory Turnover

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Address

Herkulesgatan 14, Stockholm, SWE, 111 52

Website

http://www.nordicflanges.se

Nordic Flanges Group AB is a manufacturer and supplier of standard and special flanges in Nordic countries. It provides flange solutions in stainless steel, aluminum and carbon steel. Its products include stock flanges, welding necks, welding rings and loose flanges in stainless steel, carbon steel and stock other types of flanges, DIN 2642 flanges, DIN 2527 blind flanges and DIN 2673 flanges for plastic piping.

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