Vow ASA (OSTO:SSHIPO) Inventory Turnover : 10.28 (As of Dec. 2023)

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What is Vow 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. Vow ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr410.5 Mil. Vow ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr40.0 Mil. Vow ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vow ASA's Days Inventory for the six months ended in Dec. 2023 was 17.76.

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. Vow ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Vow ASA Inventory Turnover Historical Data

The historical data trend for Vow 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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Vow ASA Inventory Turnover Chart

Vow ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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37.58

30.63

20.18

13.42

15.14

Vow ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.31	9.42	5.32	5.61	10.28

Vow ASA Inventory Turnover Calculation

Vow 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 )
=	686.4	/ (	(54.6	+	36.1)	/	2 )
=	686.4	/	45.35
=	15.14

Vow 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	410.5	/ (	(43.8	+	36.1)	/	2 )
=	410.5	/	39.95
=	10.28

Vow ASA (OSTO:SSHIPo) 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.

Vow ASA's Days Inventory for the six 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
	=	39.95	/	410.5	*	365 / 2
	=	17.76

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.

Vow 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 )
	=	39.95	/	469.8
	=	0.09

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.

Vow ASA Inventory Turnover Related Terms

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Vow ASA (OSTO:SSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vow ASA (OSTO:SSHIPo) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SSHPF:USA VOW:Norway 0QTW:UK 213:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow ASA designs, engineers, and provide solutions for waste management and wastewater purification to markets globaly. The company offers solutions such as wastewater purification, food and industrial waste processing, production of renewable materials and products, molecules, and fuels from organic waste and biomass, valorization of non-recyclable plastic and polymers, and sterilization of food and electrified high-temperature processing of minerals. Its solutions convert biomass and waste into valuable resources and generate clean energy for marine applications and land-based industries. The company's operating segment includes Projects; Aftersales and Landbased. It generates maximum revenue from the Projects segment and Geographically from Europe.

Vow ASA (OSTO:SSHIPO) Headlines

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