Ericsson Nikola Tesla dd (ZAG:ERNT) Inventory Turnover : 1.96 (As of Mar. 2024)

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What is Ericsson Nikola Tesla dd 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. Ericsson Nikola Tesla dd's Cost of Goods Sold for the three months ended in Mar. 2024 was €43.2 Mil. Ericsson Nikola Tesla dd's Average Total Inventories for the quarter that ended in Mar. 2024 was €22.0 Mil. Ericsson Nikola Tesla dd's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ericsson Nikola Tesla dd's Days Inventory for the three months ended in Mar. 2024 was 46.46.

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. Ericsson Nikola Tesla dd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.42.

Ericsson Nikola Tesla dd Inventory Turnover Historical Data

The historical data trend for Ericsson Nikola Tesla dd'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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Ericsson Nikola Tesla dd Inventory Turnover Chart

Ericsson Nikola Tesla dd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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21.87

11.36

13.90

17.03

16.88

Ericsson Nikola Tesla dd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.87	4.50	2.57	2.15	1.96

Ericsson Nikola Tesla dd Inventory Turnover Calculation

Ericsson Nikola Tesla dd'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 )
=	265.725	/ (	(18.613	+	12.864)	/	2 )
=	265.725	/	15.7385
=	16.88

Ericsson Nikola Tesla dd'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	43.243	/ (	(29.543	+	14.495)	/	2 )
=	43.243	/	22.019
=	1.96

Ericsson Nikola Tesla dd (ZAG:ERNT) 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.

Ericsson Nikola Tesla dd'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
	=	22.019	/	43.243	*	365 / 4
	=	46.46

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.

Ericsson Nikola Tesla dd'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 )
	=	22.019	/	51.988
	=	0.42

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.

Ericsson Nikola Tesla dd Inventory Turnover Related Terms

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Ericsson Nikola Tesla dd (ZAG:ERNT) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ericsson Nikola Tesla dd (ZAG:ERNT) » Definitions » Inventory Turnover

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Address

Krapinska 45, PO Box 93, Zagreb, HRV, 10002

Website

https://www.ericsson.com

Ericsson Nikola Tesla dd is a provider of communication products and services and ICT solutions related to healthcare, national and public safety, state administration, transport, utilities, and multimedia communication. The company's activities include marketing and sales, research and development, design of total communication solutions, services in multi-service and mobile networks area, including mobile Internet and complex system integration in all business areas. It operates in four segments Networks, Digital Services, Managed Services, and Others.

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