Swedencare AB (Swedencare AB) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Swedencare AB 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. Swedencare AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $25.1 Mil. Swedencare AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $42.0 Mil. Swedencare AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Swedencare AB's Days Inventory for the three months ended in Mar. 2024 was 152.82.

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. Swedencare AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Swedencare AB Inventory Turnover Historical Data

The historical data trend for Swedencare AB'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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Swedencare AB Inventory Turnover Chart

Swedencare AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.66

2.09

3.20

2.62

2.51

Swedencare AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.54	0.59	0.61	0.65	0.60

Swedencare AB Inventory Turnover Calculation

Swedencare AB'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 )
=	102.12	/ (	(42.542	+	38.81)	/	2 )
=	102.12	/	40.676
=	2.51

Swedencare AB's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	25.059	/ (	(38.81	+	45.124)	/	2 )
=	25.059	/	41.967
=	0.60

Swedencare AB (OTCPK:SWDCF) 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.

Swedencare AB's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	41.967	/	25.059	*	365 / 4
	=	152.82

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.

Swedencare AB's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	41.967	/	57.524
	=	0.73

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.

Swedencare AB Inventory Turnover Related Terms

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Swedencare AB (Swedencare AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Swedencare AB (OTCPK:SWDCF) » Definitions » Inventory Turnover

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SECARE:Sweden 0ABG:UK 7XY:Germany

Address

Per Albin Hanssons Vag 41, Medeon Science Park, Malmo, SWE, 205 12

Website

https://www.swedencare.se

Swedencare AB is specialized in pet healthcare and produces partly in own factories, markets and sells premium products on the global market. The company has a wide range of brands and products within most therapy areas, which includes Animal Pharmaceuticals, nutravet, NutriScience, PetMD, Stratford, VetWELL as well as ProDen PlaqueOff for oral health to dogs and cats. The company's products are sold in approximately fifty markets.

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