Infortar AS (OTSE:INF1T) Inventory Turnover : 1.72 (As of Sep. 2024)

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What is Infortar 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. Infortar AS's Cost of Goods Sold for the three months ended in Sep. 2024 was €309 Mil. Infortar AS's Average Total Inventories for the quarter that ended in Sep. 2024 was €180 Mil. Infortar AS's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Infortar AS's Days Inventory for the three months ended in Sep. 2024 was 53.07.

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. Infortar AS's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.51.

Infortar AS Inventory Turnover Historical Data

The historical data trend for Infortar 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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Infortar AS Inventory Turnover Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.87

6.40

12.70

8.36

Infortar AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						0.94	1.82	3.09	2.01	1.72

Infortar AS Inventory Turnover Calculation

Infortar 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 )
=	935.153	/ (	(76.752	+	146.884)	/	2 )
=	935.153	/	111.818
=	8.36

Infortar AS'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 )
=	308.799	/ (	(137.602	+	221.594)	/	2 )
=	308.799	/	179.598
=	1.72

Infortar AS (OTSE:INF1T) 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.

Infortar AS'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
	=	179.598	/	308.799	*	365 / 4
	=	53.07

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.

Infortar AS'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 )
	=	179.598	/	349.468
	=	0.51

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.

Infortar AS Inventory Turnover Related Terms

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Infortar AS Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Liivalaia 9, Tallinn, EST, 10118

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. The Energy segment includes biogas production, resale and distribution of natural gas, and sale of electricity; the Real estate includes all companies in the group that lease or develop investment property; Shipping includes Tallink Grupp (an affiliated undertaking of the group) and its subsidiaries); and Other segment includes smaller companies that provide services to the aforementioned segments and other smaller enterprises. Its geographic regions are Estonia, Finland, Lithuania, Latvia, the Rest of the European Union, and Countries not in the EU. It generates the majority of its revenue from Estonia.

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