Clevon AS (OTSE:CLEV) Inventory Turnover : -3.18 (As of Jun. 2023)

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What is Clevon 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. Clevon AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €-0.96 Mil. Clevon AS's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.30 Mil. Clevon AS's Inventory Turnover for the quarter that ended in Jun. 2023 was -3.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Clevon AS's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 4.88.

Clevon AS Inventory Turnover Historical Data

The historical data trend for Clevon 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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Clevon AS Inventory Turnover Chart

Clevon AS Annual Data

Trend

Dec22

Inventory Turnover

-3.52

Clevon AS Semi-Annual Data
	Dec22	Jun23
Inventory Turnover	-	-3.18

Clevon AS Inventory Turnover Calculation

Clevon AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	-1.176	/ (	(	+	0.334)	/	1 )
=	-1.176	/	0.334
=	-3.52

Clevon AS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	-0.961	/ (	(0.334	+	0.271)	/	2 )
=	-0.961	/	0.3025
=	-3.18

Clevon AS (OTSE:CLEV) 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.

Clevon AS's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.3025	/	-0.961	*	365 / 2
	=

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.

Clevon AS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.3025	/	0.062
	=	4.88

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.

Clevon AS Inventory Turnover Related Terms

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