Fondia Oyj (OHEL:FONDIA) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Fondia Oyj 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. Fondia Oyj's Cost of Goods Sold for the six months ended in Jun. 2023 was €9.38 Mil. Fondia Oyj's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fondia Oyj's Days Inventory for the six months ended in Jun. 2023 was 0.00.

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. Fondia Oyj's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Fondia Oyj Inventory Turnover Historical Data

The historical data trend for Fondia Oyj'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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Fondia Oyj Inventory Turnover Chart

Fondia Oyj Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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Fondia Oyj Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

Fondia Oyj Inventory Turnover Calculation

Fondia Oyj's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	13.109	/ (	(0	+	0)	/	1 )
=	13.109	/	0
=	N/A

Fondia Oyj's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	9.378	/ (	(0	+	0)	/	1 )
=	9.378	/	0
=	N/A

Fondia Oyj (OHEL:FONDIA) 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.

Fondia Oyj's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0	/	9.378	*	365 / 2
	=	0.00

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.

Fondia Oyj's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0	/	13.54
	=	0.00

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.

Fondia Oyj Inventory Turnover Related Terms

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Fondia Oyj (OHEL:FONDIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fondia Oyj (OHEL:FONDIA) » Definitions » Inventory Turnover

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Address

Lonnrotinkatu 5, Helsinki, FIN, FI-00120

Website

http://www.fondia.com

Fondia Oyj is a Finland based company. The firm provides transaction and finance, taxation, dispute resolution, and various other comprehensive legal services to the companies. Fondia has its geographical footprints in Finland, Sweden, Estonia, and Lithuania.

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