M Vest Water AS (OSL:MVW) Inventory Turnover : 1.49 (As of Mar. 2024)

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What is M Vest Water 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. M Vest Water AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1.09 Mil. M Vest Water AS's Average Total Inventories for the quarter that ended in Mar. 2024 was kr0.73 Mil. M Vest Water AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. M Vest Water AS's Days Inventory for the three months ended in Mar. 2024 was 61.42.

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. M Vest Water AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

M Vest Water AS Inventory Turnover Historical Data

The historical data trend for M Vest Water 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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M Vest Water AS Inventory Turnover Chart

M Vest Water AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.05

19.00

1.50

0.42

6.60

M Vest Water AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.50	1.40	1.81	1.07	1.49

M Vest Water AS Inventory Turnover Calculation

M Vest Water 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 )
=	6.571	/ (	(1.251	+	0.741)	/	2 )
=	6.571	/	0.996
=	6.60

M Vest Water 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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.089	/ (	(0.741	+	0.725)	/	2 )
=	1.089	/	0.733
=	1.49

M Vest Water AS (OSL:MVW) 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.

M Vest Water AS'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
	=	0.733	/	1.089	*	365 / 4
	=	61.42

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.

M Vest Water 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 )
	=	0.733	/	2.683
	=	0.27

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.

M Vest Water AS Inventory Turnover Related Terms

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M Vest Water AS (OSL:MVW) Business Description

Industry

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Address

Espehaugen 54, Blomsterdalen, Bergen, NOR, 5258

Website

https://www.mvestwater.com

M Vest Water AS is an environmental technology company that has developed unique products and solutions for the water treatment industry, both in Industrial as well as Municipal markets. It is engaged in providing products and equipment utilized for the treatment and purification of water and wastewater. The company focuses on the oil and gas industry, although the available technology can be applied for cleaning water across various industries. The product portfolio of the company comprises of NorwaFloc, NORWAPOL, and AFM.

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