Circhem AB (OSTO:CIRCHE) Inventory Turnover : 16.77 (As of Mar. 2024)

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What is Circhem 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. Circhem AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.78 Mil. Circhem AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr0.05 Mil. Circhem AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 16.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Circhem AB's Days Inventory for the three months ended in Mar. 2024 was 5.44.

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. Circhem AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Circhem AB Inventory Turnover Historical Data

The historical data trend for Circhem 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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Circhem AB Inventory Turnover Chart

Circhem AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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-4.58

-4.44

-6.79

75.28

Circhem AB Quarterly Data
	Dec17	Dec18	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															1,472.00	416.00	145.20	-4.58	16.77

Circhem AB Inventory Turnover Calculation

Circhem 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 )
=	2.71	/ (	(0.001	+	0.071)	/	2 )
=	2.71	/	0.036
=	75.28

Circhem 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 )
=	0.78	/ (	(0.071	+	0.022)	/	2 )
=	0.78	/	0.0465
=	16.77

Circhem AB (OSTO:CIRCHE) 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.

Circhem 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
	=	0.0465	/	0.78	*	365 / 4
	=	5.44

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.

Circhem 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 )
	=	0.0465	/	2.506
	=	0.02

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.

Circhem AB Inventory Turnover Related Terms

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Circhem AB (OSTO:CIRCHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Circhem AB (OSTO:CIRCHE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Malderistvagen 3, Vargon, SWE, 468 30

Website

https://www.circhem.com

Circhem AB is primarily involved in the solvent recycling process which includes recycling and purification of industrial chemicals. It offers solution that enables the industry to reduce its emissions and at the same time increase profitability.

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