Ecit AS (OSL:ECIT) Total Inventories : kr14 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ecit AS Total Inventories?

Ecit AS's total inventories for the quarter that ended in Mar. 2024 was kr14 Mil. Ecit AS's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was kr15 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ecit AS's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-4.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecit AS's Days Inventory for the three months ended in Mar. 2024 was 6.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecit AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.10.

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. Ecit AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Ecit AS Total Inventories Historical Data

The historical data trend for Ecit AS'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.

* Premium members only.

Ecit AS Total Inventories Chart

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

7.34

10.00

12.00

15.00

Ecit AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial														12.00	16.00	17.00	15.00	14.00

Ecit AS 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.

Ecit AS (OSL:ECIT) 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.

Ecit AS's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(157	+	0.75 * 567	+	0.5 * 14	-	2094
-	0	-	466)	/	463.25
=	-4.25

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

Ecit AS'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
	=	14.5	/	219	*	365 / 4
	=	6.04

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

Ecit AS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	219	/	14.5
	=	15.10

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.

Ecit AS'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 )
	=	14.5	/	999
	=	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.

Ecit AS Total Inventories Related Terms

Thank you for viewing the detailed overview of Ecit AS's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Ecit AS (OSL:ECIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ecit AS (OSL:ECIT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

3CZ:Germany

Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

Ecit AS (OSL:ECIT) Headlines

No Headlines