Scandinavian Astor Group AB (XSAT:ASTOR) Inventory Turnover : 0.22 (As of Mar. 2024)

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What is Scandinavian Astor Group 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. Scandinavian Astor Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr13.2 Mil. Scandinavian Astor Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr61.1 Mil. Scandinavian Astor Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scandinavian Astor Group AB's Days Inventory for the three months ended in Mar. 2024 was 423.24.

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. Scandinavian Astor Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.68.

Scandinavian Astor Group AB Inventory Turnover Historical Data

The historical data trend for Scandinavian Astor Group 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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Scandinavian Astor Group AB Inventory Turnover Chart

Scandinavian Astor Group AB Annual Data

Trend

Dec22

Dec23

Inventory Turnover

0.36

0.54

Scandinavian Astor Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				0.11	0.18	0.21	0.08	0.22

Scandinavian Astor Group AB Inventory Turnover Calculation

Scandinavian Astor Group 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 )
=	26.508	/ (	(38.98	+	58.491)	/	2 )
=	26.508	/	48.7355
=	0.54

Scandinavian Astor Group 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 )
=	13.164	/ (	(58.491	+	63.625)	/	2 )
=	13.164	/	61.058
=	0.22

Scandinavian Astor Group AB (XSAT:ASTOR) 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.

Scandinavian Astor Group 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
	=	61.058	/	13.164	*	365 / 4
	=	423.24

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.

Scandinavian Astor Group 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 )
	=	61.058	/	36.427
	=	1.68

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.

Scandinavian Astor Group AB Inventory Turnover Related Terms

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Scandinavian Astor Group AB (XSAT:ASTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Scandinavian Astor Group AB (XSAT:ASTOR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

Y73:Germany

Address

Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40

Website

https://www.astorgroup.se

Scandinavian Astor Group AB is a Swedish industrial and defense group. The company's industrial part manufactures advanced composite solutions on behalf of customers with applications in the marine, aviation, and defense industries. The military part develops, produces, and sells radar jamming systems for training purposes.

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