Zwipe AS (OSL:ZWIPE) Inventory Turnover : 0.04 (As of Dec. 2023)

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What is Zwipe AS 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. Zwipe AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr0.74 Mil. Zwipe AS's Average Total Inventories for the quarter that ended in Dec. 2023 was kr19.32 Mil. Zwipe AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zwipe AS's Days Inventory for the six months ended in Dec. 2023 was 4,783.63.

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. Zwipe AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 35.77.

Zwipe AS Inventory Turnover Historical Data

The historical data trend for Zwipe AS'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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Zwipe AS Inventory Turnover Chart

Zwipe AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.17

2.81

0.62

0.34

0.11

Zwipe AS Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											0.29	0.22	0.20	0.10	0.04

Zwipe AS Inventory Turnover Calculation

Zwipe AS'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 )
=	1.949	/ (	(10.153	+	23.858)	/	2 )
=	1.949	/	17.0055
=	0.11

Zwipe AS'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.737	/ (	(14.778	+	23.858)	/	2 )
=	0.737	/	19.318
=	0.04

Zwipe AS (OSL:ZWIPE) 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.

Zwipe AS's Days Inventory for the six 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
	=	19.318	/	0.737	*	365 / 2
	=	4,783.63

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.

Zwipe AS'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 )
	=	19.318	/	0.54
	=	35.77

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.

Zwipe AS Inventory Turnover Related Terms

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Zwipe AS (OSL:ZWIPE) Business Description

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ZWIPE:Sweden 4ZW:Germany

Address

Radhusgata 24, Oslo, NOR, 0151

Website

https://www.zwipe.com

Zwipe AS is pioneering the next-generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is making convenience safe & secure for banks, merchants, and consumers. The company's solutions address the hygiene and data theft pitfalls inHerent in traditional authentication methods. Zwipe is the next great shift in payments from contactless to contact-free.

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