Tulikivi Oyj (OHEL:TULAV) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Tulikivi 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. Tulikivi Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.20 Mil. Tulikivi Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was €9.34 Mil. Tulikivi Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tulikivi Oyj's Days Inventory for the three months ended in Mar. 2024 was 387.19.

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. Tulikivi Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.10.

Tulikivi Oyj Inventory Turnover Historical Data

The historical data trend for Tulikivi 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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Tulikivi Oyj Inventory Turnover Chart

Tulikivi Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.30

1.29

1.35

1.78

1.51

Tulikivi Oyj 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															0.40	0.40	0.14	0.62	0.24

Tulikivi Oyj Inventory Turnover Calculation

Tulikivi Oyj'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 )
=	13.731	/ (	(8.658	+	9.57)	/	2 )
=	13.731	/	9.114
=	1.51

Tulikivi Oyj'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 )
=	2.2	/ (	(9.57	+	9.1)	/	2 )
=	2.2	/	9.335
=	0.24

Tulikivi Oyj (OHEL:TULAV) 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.

Tulikivi Oyj'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
	=	9.335	/	2.2	*	365 / 4
	=	387.19

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.

Tulikivi Oyj'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 )
	=	9.335	/	8.5
	=	1.10

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.

Tulikivi Oyj Inventory Turnover Related Terms

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Tulikivi Oyj (OHEL:TULAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tulikivi Oyj (OHEL:TULAV) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Kuhnustantie 22, Juuka, FIN, FI-83900

Website

https://www.tulikivi.com

Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters and decorative stone products made from natural materials. The company's factories are located in Juuka, Suomussalmi, and Heinävesi. In factories it manufactures fireplaces from both soapstone and ceramic pulp, as well as surface upholstery for other fireplace manufacturers. In addition, it manufactures the most modern, versatile heaters on the market for both wood and electric saunas. The group also provides wonderful decorative stone solutions for all areas of the home, stone countertops and tiles and mosaics.

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