Otovo ASA (FRA:89K) Total Inventories : €0.07 Mil (As of Jun. 2024)

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What is Otovo ASA Total Inventories?

Otovo ASA's total inventories for the quarter that ended in Jun. 2024 was €0.07 Mil. Otovo ASA's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was €0.08 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Otovo ASA's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Otovo ASA's Days Inventory for the three months ended in Jun. 2024 was 0.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Otovo ASA's Inventory Turnover for the quarter that ended in Jun. 2024 was 136.56.

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. Otovo ASA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Otovo ASA Total Inventories Historical Data

The historical data trend for Otovo ASA's Total Inventories 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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Otovo ASA Total Inventories Chart

Otovo ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1.03

0.10

Otovo ASA Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial															0.26	0.11	0.10	0.09	0.07

Otovo ASA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Otovo ASA (FRA:89K) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Otovo ASA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.228	+	0.75 * 4.633	+	0.5 * 0.074	-	44.627
-	0	-	0)	/	279.822
=	-0.04

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Otovo ASA's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.084	/	11.471	*	365 / 4
	=	0.67

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Otovo ASA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	11.471	/	0.084
	=	136.56

4. 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.

Otovo ASA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.084	/	14.751
	=	0.01

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Otovo ASA Total Inventories Related Terms

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Otovo ASA Business Description

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OTOVO:Norway

Address

Torggata 7, Oslo, NOR, 0181

Website

https://www.otovo.com

Otovo ASA is an energy company. It is engaged in the development, commercialization and installation of renewable power, as well as taking ownership or providing business advice related to it. The Group's operating segments are The Marketplace, and Subscription SPV. The Marketplace segment consists of transactions relating to sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to use solar panels and related products.

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