Seafire AB (OSTO:SEAF) Inventory Turnover : 0.82 (As of Sep. 2024)

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What is Seafire 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. Seafire AB's Cost of Goods Sold for the three months ended in Sep. 2024 was kr164.0 Mil. Seafire AB's Average Total Inventories for the quarter that ended in Sep. 2024 was kr199.5 Mil. Seafire AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seafire AB's Days Inventory for the three months ended in Sep. 2024 was 111.00.

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. Seafire AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.95.

Seafire AB Inventory Turnover Historical Data

The historical data trend for Seafire 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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Seafire AB Inventory Turnover Chart

Seafire AB Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.09

3.75

3.51

3.61

3.51

Seafire AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.74	0.83	0.78	0.95	0.82

Seafire AB Inventory Turnover Calculation

Seafire 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 )
=	783	/ (	(216	+	230)	/	2 )
=	783	/	223
=	3.51

Seafire 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 )
=	164	/ (	(202	+	197)	/	2 )
=	164	/	199.5
=	0.82

Seafire AB (OSTO:SEAF) 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.

Seafire 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
	=	199.5	/	164	*	365 / 4
	=	111.00

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.

Seafire 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 )
	=	199.5	/	211
	=	0.95

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.

Seafire AB Inventory Turnover Related Terms

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Seafire AB Business Description

Industry

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Address

Master Samuelsgatan 9, Stockholm, SWE, SE-111 44

Website

http://www.seafireab.com

Seafire AB is a Sweden-based company engaged in acquiring and developing companies with business models and market positions and brands. The company has two business segments Industrial components and Products. The Industrial components include Bara Mineraler AB, Farg-in AB, Pexymek AB, Thor Ahlgren AB, Akerstedts Verkstads AB, DOFAB AB, Kenpo Sandwich, Boro-Pannan AB. The products segment includes Luda.Farm AB, Nordbutiker AB, SolidEngineer AB, and OPO Scandinavia AB.

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