Quantafuel AS (Quantafuel AS) Inventory Turnover : 1.96 (As of Sep. 2023)

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What is Quantafuel 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. Quantafuel AS's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.28 Mil. Quantafuel AS's Average Total Inventories for the quarter that ended in Sep. 2023 was $1.16 Mil. Quantafuel AS's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quantafuel AS's Days Inventory for the three months ended in Sep. 2023 was 46.61.

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. Quantafuel AS's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.68.

Quantafuel AS Inventory Turnover Historical Data

The historical data trend for Quantafuel 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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Quantafuel AS Inventory Turnover Chart

Quantafuel AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.61

12.28

8.71

Quantafuel AS Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.31	1.33	1.59	1.60	1.96

Quantafuel AS Inventory Turnover Calculation

Quantafuel 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: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9.363	/ (	(0.644	+	1.505)	/	2 )
=	9.363	/	1.0745
=	8.71

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.279	/ (	(1.319	+	1.009)	/	2 )
=	2.279	/	1.164
=	1.96

Quantafuel AS (OTCPK:QNTFF) 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.

Quantafuel AS's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.164	/	2.279	*	365 / 4
	=	46.61

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.164	/	1.717
	=	0.68

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.

Quantafuel AS Inventory Turnover Related Terms

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Quantafuel AS (Quantafuel AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quantafuel AS (OTCPK:QNTFF) » Definitions » Inventory Turnover

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QFUEL:Norway 49Q:Germany

Address

Lilleakerveien 2C, Oslo, NOR, 0283

Website

https://www.quantafuel.com

Quantafuel AS is a Norwegian technology company that develops, designs, and operates production facilities to produce synthetic fuels and chemical products based on non-recyclable waste. The company converts waste plastic into low-carbon synthetic oil products replacing virgin oil products.