Scandinavian Medical Solutions AS (OCSE:SMSMED) Inventory Turnover : 1.00 (As of Mar. 2024)

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

What is Scandinavian Medical Solutions 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. Scandinavian Medical Solutions AS's Cost of Goods Sold for the six months ended in Mar. 2024 was kr85.1 Mil. Scandinavian Medical Solutions AS's Average Total Inventories for the quarter that ended in Mar. 2024 was kr84.9 Mil. Scandinavian Medical Solutions AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scandinavian Medical Solutions AS's Days Inventory for the six months ended in Mar. 2024 was 182.02.

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. Scandinavian Medical Solutions AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Scandinavian Medical Solutions AS Inventory Turnover Historical Data

The historical data trend for Scandinavian Medical Solutions 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.

* Premium members only.

Scandinavian Medical Solutions AS Inventory Turnover Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

9.83

11.00

6.40

2.66

2.32

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				1.96	1.12	1.29	1.10	1.00

Scandinavian Medical Solutions AS Inventory Turnover Calculation

Scandinavian Medical Solutions AS's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	156.463	/ (	(51.546	+	83.196)	/	2 )
=	156.463	/	67.371
=	2.32

Scandinavian Medical Solutions AS'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 )
=	85.14	/ (	(83.196	+	86.639)	/	2 )
=	85.14	/	84.9175
=	1.00

Scandinavian Medical Solutions AS (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS's Days Inventory for the six 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
	=	84.9175	/	85.14	*	365 / 2
	=	182.02

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.

Scandinavian Medical Solutions 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 )
	=	84.9175	/	102.563
	=	0.83

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.

Scandinavian Medical Solutions AS Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Scandinavian Medical Solutions AS's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

No Headlines