RugVista Group AB (OSTO:RUG) Inventory Turnover : 0.52 (As of Mar. 2024)

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What is RugVista Group 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. RugVista Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr67.8 Mil. RugVista Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr129.3 Mil. RugVista Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RugVista Group AB's Days Inventory for the three months ended in Mar. 2024 was 173.94.

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. RugVista Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

RugVista Group AB Inventory Turnover Historical Data

The historical data trend for RugVista Group 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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RugVista Group AB Inventory Turnover Chart

RugVista Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.22

1.89

2.11

1.53

1.79

RugVista Group AB Quarterly Data
	Dec18	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														0.40	0.28	0.36	0.66	0.52

RugVista Group AB Inventory Turnover Calculation

RugVista Group 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 )
=	269.147	/ (	(174.259	+	125.656)	/	2 )
=	269.147	/	149.9575
=	1.79

RugVista Group 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 )
=	67.848	/ (	(125.656	+	133.012)	/	2 )
=	67.848	/	129.334
=	0.52

RugVista Group AB (OSTO:RUG) 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.

RugVista Group 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
	=	129.334	/	67.848	*	365 / 4
	=	173.94

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.

RugVista Group 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 )
	=	129.334	/	175.855
	=	0.74

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.

RugVista Group AB Inventory Turnover Related Terms

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RugVista Group AB (OSTO:RUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RugVista Group AB (OSTO:RUG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Ringugnsgatan 11, Limhamn, Malmo, SWE, 216 16

Website

https://www.rugvista.com

RugVista Group AB is a direct-to-consumer online platform within carpet and rug sales through its online stores. The company offers broad and relevant range of quality design and traditional carpets and rugs. It operates in three segments namely Business-to-Consumer (B2C), Business-to-Business (B2B), and Marketplaces & others (MPO). The B2C segment represents the consumer market. The B2B segments focuses on small and medium sized companies mainly retail stores, hotels and interior design studios. The MPO segments sells company's products through other selected relevant and rapidly growing online stores such as Amazon. Majority of its revenue comes from B2C segment.

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