Lyckegard Group AB (OSTO:LYGRD) Inventory Turnover : 0.47 (As of Mar. 2024)

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What is Lyckegard Group 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. Lyckegard Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr27.7 Mil. Lyckegard Group AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr58.4 Mil. Lyckegard Group AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lyckegard Group AB's Days Inventory for the three months ended in Mar. 2024 was 192.14.

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. Lyckegard Group AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.40.

Lyckegard Group AB Inventory Turnover Historical Data

The historical data trend for Lyckegard Group 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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Lyckegard Group AB Inventory Turnover Chart

Lyckegard Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.96

1.56

1.68

0.97

1.76

Lyckegard Group AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.25	0.62	0.45	0.26	0.47

Lyckegard Group AB Inventory Turnover Calculation

Lyckegard Group 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 )
=	93.845	/ (	(39.196	+	67.6)	/	2 )
=	93.845	/	53.398
=	1.76

Lyckegard Group 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 )
=	27.722	/ (	(67.6	+	49.148)	/	2 )
=	27.722	/	58.374
=	0.47

Lyckegard Group AB (OSTO:LYGRD) 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.

Lyckegard Group 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
	=	58.374	/	27.722	*	365 / 4
	=	192.14

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.

Lyckegard Group 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 )
	=	58.374	/	41.591
	=	1.40

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.

Lyckegard Group AB Inventory Turnover Related Terms

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Lyckegard Group AB (OSTO:LYGRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lyckegard Group AB (OSTO:LYGRD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

F55:Germany

Address

Trollebergsvagen, Lund, SWE, 102-28

Website

https://www.lyckegard.com

Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

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