Thule Group AB (FRA:TU0) Total Inventories : €187.3 Mil (As of Dec. 2024)

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What is Thule Group AB Total Inventories?

Thule Group AB's total inventories for the quarter that ended in Dec. 2024 was €187.3 Mil. Thule Group AB's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was €165.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Thule Group AB's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-3.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thule Group AB's Days Inventory for the three months ended in Dec. 2024 was 177.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thule Group AB's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.51.

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. Thule Group AB's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.14.

Thule Group AB Total Inventories Historical Data

The historical data trend for Thule Group AB'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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Thule Group AB Total Inventories Chart

Thule Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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104.97

244.38

284.62

205.61

187.35

Thule Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															205.61	195.11	166.45	143.84	187.35

Thule Group AB 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.

Thule Group AB (FRA:TU0) 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.

Thule Group AB's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.209	+	0.75 * 66.42	+	0.5 * 187.349	-	596.56
-	0	-	0)	/	107.838
=	-3.87

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

Thule Group AB's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	165.594	/	85.198	*	365 / 4
	=	177.36

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

Thule Group AB's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	85.198	/	165.594
	=	0.51

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.

Thule Group AB's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	165.594	/	145.88
	=	1.14

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.

Thule Group AB Total Inventories Related Terms

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Thule Group AB Business Description

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Traded in Other Exchanges

THUPY:USA THLPF:USA THULE:Sweden 0R3W:UK TU0:Germany

Address

Fosievagen 13, Malmo, SWE, SE- 214 31

Website

https://www.thulegroup.com

Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport&Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.

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