Nordisk Bergteknik AB (OSTO:NORB B) Inventory Turnover : 1.50 (As of Mar. 2024)

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What is Nordisk Bergteknik 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. Nordisk Bergteknik AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr264 Mil. Nordisk Bergteknik AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr176 Mil. Nordisk Bergteknik AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordisk Bergteknik AB's Days Inventory for the three months ended in Mar. 2024 was 60.75.

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. Nordisk Bergteknik AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Nordisk Bergteknik AB Inventory Turnover Historical Data

The historical data trend for Nordisk Bergteknik 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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Nordisk Bergteknik AB Inventory Turnover Chart

Nordisk Bergteknik AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.69

13.98

11.40

11.98

8.67

Nordisk Bergteknik 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												2.56	2.21	2.19	2.06	1.50

Nordisk Bergteknik AB Inventory Turnover Calculation

Nordisk Bergteknik 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 )
=	1430.1	/ (	(152.3	+	177.7)	/	2 )
=	1430.1	/	165
=	8.67

Nordisk Bergteknik 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 )
=	264.2	/ (	(177.7	+	174.1)	/	2 )
=	264.2	/	175.9
=	1.50

Nordisk Bergteknik AB (OSTO:NORB 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.

Nordisk Bergteknik 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
	=	175.9	/	264.2	*	365 / 4
	=	60.75

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.

Nordisk Bergteknik 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 )
	=	175.9	/	751.4
	=	0.23

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.

Nordisk Bergteknik AB Inventory Turnover Related Terms

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Nordisk Bergteknik AB (OSTO:NORB B) Business Description

Industry

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9LY:Germany

Address

Östra Hamngatan 52, Gothenburg, SWE, 411 08

Website

https://www.nordiskbergteknik.se

Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.

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