NIBE Industrier AB (XSWX:NIBEB) Inventory Turnover : 0.59 (As of Dec. 2023)

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What is NIBE Industrier 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. NIBE Industrier AB's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF655 Mil. NIBE Industrier AB's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF1,115 Mil. NIBE Industrier AB's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NIBE Industrier AB's Days Inventory for the three months ended in Dec. 2023 was 155.24.

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. NIBE Industrier AB's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.13.

NIBE Industrier AB Inventory Turnover Historical Data

The historical data trend for NIBE Industrier 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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NIBE Industrier AB Inventory Turnover Chart

NIBE Industrier AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.90

4.15

3.67

3.12

2.58

NIBE Industrier AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.78	0.71	0.64	0.57	0.59

NIBE Industrier AB Inventory Turnover Calculation

NIBE Industrier 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 )
=	2615.747	/ (	(914.814	+	1115.145)	/	2 )
=	2615.747	/	1014.9795
=	2.58

NIBE Industrier AB'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	655.328	/ (	(1114.599	+	1115.145)	/	2 )
=	655.328	/	1114.872
=	0.59

NIBE Industrier AB (XSWX:NIBEB) 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.

NIBE Industrier AB's Days Inventory for the three 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
	=	1114.872	/	655.328	*	365 / 4
	=	155.24

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.

NIBE Industrier AB'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 )
	=	1114.872	/	982.697
	=	1.13

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.

NIBE Industrier AB Inventory Turnover Related Terms

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NIBE Industrier AB (XSWX:NIBEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NIBE Industrier AB (XSWX:NIBEB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NIABY:USA NDRBF:USA NIBE B:Sweden NIBEBs:UK 0RH0:UK NJB:Germany

Address

Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21

Website

https://www.nibe.com

NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.

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