Norske Skogindustrier ASA (OSTO:NSGO) Inventory Turnover : 1.26 (As of Dec. 2023)

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What is Norske Skogindustrier ASA 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. Norske Skogindustrier ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,821 Mil. Norske Skogindustrier ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr1,441 Mil. Norske Skogindustrier ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norske Skogindustrier ASA's Days Inventory for the three months ended in Dec. 2023 was 72.18.

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. Norske Skogindustrier ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Norske Skogindustrier ASA Inventory Turnover Historical Data

The historical data trend for Norske Skogindustrier ASA'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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Norske Skogindustrier ASA Inventory Turnover Chart

Norske Skogindustrier ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.03

3.89

5.05

5.95

4.97

Norske Skogindustrier ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.25	1.01	1.14	1.02	1.26

Norske Skogindustrier ASA Inventory Turnover Calculation

Norske Skogindustrier ASA'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 )
=	7015	/ (	(1464	+	1360)	/	2 )
=	7015	/	1412
=	4.97

Norske Skogindustrier ASA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1821	/ (	(1521	+	1360)	/	2 )
=	1821	/	1440.5
=	1.26

Norske Skogindustrier ASA (OSTO:NSGo) 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.

Norske Skogindustrier ASA's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1440.5	/	1821	*	365 / 4
	=	72.18

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.

Norske Skogindustrier ASA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1440.5	/	2854
	=	0.50

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.

Norske Skogindustrier ASA Inventory Turnover Related Terms

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Norske Skogindustrier ASA (OSTO:NSGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skogindustrier ASA (OSTO:NSGo) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NSKOGo:Sweden NSKOG:Norway

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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