Nordrest Holding AB (OSTO:NREST) Inventory Turnover : 2.22 (As of Sep. 2024)

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What is Nordrest 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. Nordrest Holding AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr299 Mil. Nordrest Holding AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr135 Mil. Nordrest Holding AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordrest Holding AB's Days Inventory for the three months ended in Sep. 2024 was 41.13.

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. Nordrest Holding AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.33.

Nordrest Holding AB Inventory Turnover Historical Data

The historical data trend for Nordrest 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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Nordrest Holding AB Inventory Turnover Chart

Nordrest Holding AB Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

20.49

25.27

16.40

Nordrest Holding AB Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial				-	3.42	3.34	2.88	2.22

Nordrest Holding AB Inventory Turnover Calculation

Nordrest 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 )
=	1333.148	/ (	(55.078	+	107.493)	/	2 )
=	1333.148	/	81.2855
=	16.40

Nordrest Holding 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 )
=	298.965	/ (	(124.399	+	145.13)	/	2 )
=	298.965	/	134.7645
=	2.22

Nordrest Holding AB (OSTO:NREST) 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.

Nordrest Holding 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
	=	134.7645	/	298.965	*	365 / 4
	=	41.13

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.

Nordrest Holding 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 )
	=	134.7645	/	413.48
	=	0.33

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.

Nordrest Holding AB Inventory Turnover Related Terms

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Nordrest Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nordrest Holding AB (OSTO:NREST) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

XZ5:Germany

Address

Evenemangsgatan 31, Solna, NOR, 16979

Website

https://www.nordrest.se

Nordrest Holding AB is a restaurant group with a focus on natural guest flows and contract-based meal solutions. Its offer includes meal solutions adapted to each customer's needs and ready-made brand concepts such as Taste by Nordrest, Togo by Nordrest, Pocket by Nordrest, La Girafe, Dinners and Way Cup. The company operates within the customer groups Defence, Companies, Schools, Colleges & Universities, Hospitals & Elderly Care and Travel.

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