Nordic Paper Holding AB (OSTO:NPAPER) Inventory Turnover : 0.97 (As of Mar. 2024)

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What is Nordic Paper 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. Nordic Paper Holding AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr615 Mil. Nordic Paper Holding AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr633 Mil. Nordic Paper Holding AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordic Paper Holding AB's Days Inventory for the three months ended in Mar. 2024 was 93.85.

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 Paper Holding AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Nordic Paper Holding AB Inventory Turnover Historical Data

The historical data trend for Nordic Paper 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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Nordic Paper Holding AB Inventory Turnover Chart

Nordic Paper Holding AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.98

2.68

3.15

3.74

3.30

Nordic Paper Holding AB Quarterly Data
	Dec18	Jun19	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															0.99	0.79	0.76	0.73	0.97

Nordic Paper Holding AB Inventory Turnover Calculation

Nordic Paper 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 )
=	2123	/ (	(625	+	661)	/	2 )
=	2123	/	643
=	3.30

Nordic Paper 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 )
=	615	/ (	(661	+	604)	/	2 )
=	615	/	632.5
=	0.97

Nordic Paper Holding AB (OSTO:NPAPER) 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 Paper 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
	=	632.5	/	615	*	365 / 4
	=	93.85

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 Paper 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 )
	=	632.5	/	1209
	=	0.52

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 Paper Holding AB Inventory Turnover Related Terms

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Nordic Paper Holding AB (OSTO:NPAPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nordic Paper Holding AB (OSTO:NPAPER) » Definitions » Inventory Turnover

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0ABK:UK

Address

Tullhusgatan 1B, Karlstad, SWE, 652 09

Website

https://www.nordic-paper.com

Nordic Paper Holding AB is a paper company operating in two segments; Kraft paper is used in many end-use applications, such as in products aimed at consumers, including carrier bags and food packaging, in packaging for building materials, and in multiple other industrial applications, and Greaseproof paper is a group of paper types that are characterized by a resistance to oil or grease and is mainly used in the food sector but also have a number of industrial applications. The company offers effective and environmentally responsible products and solutions within the Kraft Paper and Natural Greaseproof segments.

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