AB Akola Group (OVSE:AKO1L) Inventory Turnover : 0.96 (As of Dec. 2024)

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What is AB Akola Group 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. AB Akola Group's Cost of Goods Sold for the three months ended in Dec. 2024 was €364 Mil. AB Akola Group's Average Total Inventories for the quarter that ended in Dec. 2024 was €381 Mil. AB Akola Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AB Akola Group's Days Inventory for the three months ended in Dec. 2024 was 95.53.

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. AB Akola Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.94.

AB Akola Group Inventory Turnover Historical Data

The historical data trend for AB Akola Group'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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AB Akola Group Inventory Turnover Chart

AB Akola Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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5.89

8.38

8.69

6.42

4.88

AB Akola Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.75	0.93	1.13	1.05	0.96

AB Akola Group Inventory Turnover Calculation

AB Akola Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	1355.122	/ (	(300.937	+	254.818)	/	2 )
=	1355.122	/	277.8775
=	4.88

AB Akola Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	363.625	/ (	(390.174	+	371.202)	/	2 )
=	363.625	/	380.688
=	0.96

AB Akola Group (OVSE:AKO1L) 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.

AB Akola Group's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	380.688	/	363.625	*	365 / 4
	=	95.53

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.

AB Akola Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	380.688	/	406.361
	=	0.94

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.

AB Akola Group Inventory Turnover Related Terms

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AB Akola Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » AB Akola Group (OVSE:AKO1L) » Definitions » Inventory Turnover

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YG4:Germany

Address

Subacius Street 5, Vilnius, LTU, LT-01302

Website

https://www.linasagrogroup.lt

AB Akola Group produces, prepares, and sells agricultural and food products, as well as supplies goods and provides services to farmers. The main products it produces and sells are grains, oilseeds, feed and raw materials for them, milk, poultry and its products, flour and their products, instant products, pet food, veterinary pharmaceutical goods and goods for farmers. Its segment involves Partners for farmers, Farming, Food production, and Others. It derives maximum revenue from Partners for Farmers segment. Geographically, the company operates in Lithuania, Europe (excluding Scandinavian countries, CIS and Lithuania), Scandinavian countries. Africa, Asia, CIS and Others.

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