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AtomTrace AS (XPRA:ATOMT) Inventory Turnover : 4.19 (As of Dec. 2023)


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What is AtomTrace 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. AtomTrace AS's Cost of Goods Sold for the six months ended in Dec. 2023 was Kč14.57 Mil. AtomTrace AS's Average Total Inventories for the quarter that ended in Dec. 2023 was Kč3.48 Mil. AtomTrace AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AtomTrace AS's Days Inventory for the six months ended in Dec. 2023 was 43.59.

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. AtomTrace AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

AtomTrace AS Inventory Turnover Historical Data

The historical data trend for AtomTrace 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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AtomTrace AS Inventory Turnover Chart

AtomTrace AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 3.69 6.75 5.67 0.92 4.19

AtomTrace AS Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial 3.69 6.75 5.67 0.92 4.19

AtomTrace AS Inventory Turnover Calculation

AtomTrace 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 )
=14.568 / ((5.631 + 1.328) / 2 )
=14.568 / 3.4795
=4.19

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=14.568 / ((5.631 + 1.328) / 2 )
=14.568 / 3.4795
=4.19

* 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.

AtomTrace AS  (XPRA:ATOMT) 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.

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

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=3.4795/14.568*365 / 2
=43.59

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=3.4795 / 21.319
=0.16

* 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.

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.

AtomTrace AS Inventory Turnover Related Terms

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AtomTrace AS (XPRA:ATOMT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AtomTrace AS (XPRA:ATOMT) » Definitions » Inventory Turnover
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Address
Kolejni 9, Brno, CZE, 612 00
Website
https://www.atomtrace.com
AtomTrace AS provides technology that performs multi-elemental analysis of most of the periodic table elements including those with low atomic weight. Its products comprise LIBS Interaction Chamber, LIBS Sci-Trace, LIBS X-Trace, LIBS Application Setup, LIBS Software-AtomAnalyzer, and Digital Delay Generator.

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