Sotkamo Silver AB (OHEL:SOSI1) Inventory Turnover : 12.92 (As of Mar. 2024)

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What is Sotkamo Silver AB 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. Sotkamo Silver AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €6.08 Mil. Sotkamo Silver AB's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.47 Mil. Sotkamo Silver AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sotkamo Silver AB's Days Inventory for the three months ended in Mar. 2024 was 7.06.

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. Sotkamo Silver AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Sotkamo Silver AB Inventory Turnover Historical Data

The historical data trend for Sotkamo Silver AB'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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Sotkamo Silver AB Inventory Turnover Chart

Sotkamo Silver AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.91

61.63

62.21

48.03

44.26

Sotkamo Silver AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															8.30	12.16	12.31	11.85	12.92

Sotkamo Silver AB Inventory Turnover Calculation

Sotkamo Silver AB'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 )
=	22.198	/ (	(0.628	+	0.375)	/	2 )
=	22.198	/	0.5015
=	44.26

Sotkamo Silver AB'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	6.08	/ (	(0.375	+	0.566)	/	2 )
=	6.08	/	0.4705
=	12.92

Sotkamo Silver AB (OHEL:SOSI1) 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.

Sotkamo Silver AB'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
	=	0.4705	/	6.08	*	365 / 4
	=	7.06

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.

Sotkamo Silver AB'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 )
	=	0.4705	/	7.467
	=	0.06

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.

Sotkamo Silver AB Inventory Turnover Related Terms

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Sotkamo Silver AB (OHEL:SOSI1) Business Description

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Traded in Other Exchanges

SOSI:Sweden VSO:Germany

Address

Hollandargatan 5B, Stockholm, SWE, 111 48

Website

http://www.silver.fi

Sotkamo Silver AB is a Sweden-based exploration and development company. It is engaged in the exploration and development of silver, gold and zinc deposits in the Nordic region. The company primarily holds an interest in Taivaljarvi silver mine project. In addition, there are two gold deposits, Harnas which is a former small-scale gold mining site in Sweden, and Hopevuori gold occurrence in Finland.

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