Nordic Iron Ore AB (OSTO:NIO) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Nordic Iron Ore 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 Iron Ore AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr0.05 Mil. Nordic Iron Ore AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordic Iron Ore AB's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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 Iron Ore AB Inventory Turnover Historical Data

The historical data trend for Nordic Iron Ore 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 Iron Ore AB Inventory Turnover Chart

Nordic Iron Ore AB Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Nordic Iron Ore 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															-	-	-	-	-

Nordic Iron Ore AB Inventory Turnover Calculation

Nordic Iron Ore 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 )
=	0.176	/ (	(0	+	0)	/	1 )
=	0.176	/	0
=	N/A

Nordic Iron Ore 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 )
=	0.045	/ (	(0	+	0)	/	1 )
=	0.045	/	0
=	N/A

Nordic Iron Ore AB (OSTO:NIO) 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 Iron Ore 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
	=	0	/	0.045	*	365 / 4
	=	0.00

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 Iron Ore 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 )
	=	0	/	0
	=

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 Iron Ore AB Inventory Turnover Related Terms

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Nordic Iron Ore AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Iron Ore AB (OSTO:NIO) » Definitions » Inventory Turnover

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NIO:Germany

Address

Akarevagen 2, Grangesberg, Dalarna, SWE, SE-772 32

Website

https://www.nordicironore.se/en

Nordic Iron Ore AB is a mining and exploration company with its main operations consisting of exploration and mining activities, principally through the management and refinement of the exploration permits and mining concessions held by the Company for iron-ore deposits in Vasterbergslagen. It is exploring the expansion potential in the intermediate Vasman field and Ludvika Mines, in southern Dalarna.