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Airobot Technologies AS (OTSE:AIR) Inventory Turnover : 1.90 (As of Dec. 2023)


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What is Airobot Technologies AS 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. Airobot Technologies AS's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.45 Mil. Airobot Technologies AS's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.23 Mil. Airobot Technologies AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Airobot Technologies AS's Days Inventory for the six months ended in Dec. 2023 was 95.97.

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. Airobot Technologies AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Airobot Technologies AS Inventory Turnover Historical Data

The historical data trend for Airobot Technologies AS'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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Airobot Technologies AS Inventory Turnover Chart

Airobot Technologies AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
- 4.00 3.34 3.63 3.67

Airobot Technologies AS Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial - 0.96 1.39 0.94 1.90

Airobot Technologies AS Inventory Turnover Calculation

Airobot Technologies AS'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 )
=0.67 / ((0.19 + 0.175) / 2 )
=0.67 / 0.1825
=3.67

Airobot Technologies AS'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 )
=0.445 / ((0.293 + 0.175) / 2 )
=0.445 / 0.234
=1.90

* 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.

Airobot Technologies AS  (OTSE:AIR) 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.

Airobot Technologies AS'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
=0.234/0.445*365 / 2
=95.97

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.

Airobot Technologies AS'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 )
=0.234 / 1.052
=0.22

* 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.

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.

Airobot Technologies AS Inventory Turnover Related Terms

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Airobot Technologies AS (OTSE:AIR) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
Suur-sojamae 37a, Rae Vald, EST, 75322
Website
https://www.airobothome.com
Airobot Technologies AS is an indoor climate technology and production company, which is characterized by strong software and air analysis. The company's main product is innovative ventilation equipment with a demand-based control algorithm, which has been developed in cooperation with researchers from the University of Tartu and TalTech.