Resqunit AB (OSTO:RESQ) Inventory Turnover : 0.28 (As of Jun. 2023)

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What is Resqunit 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. Resqunit AB's Cost of Goods Sold for the six months ended in Jun. 2023 was kr0.43 Mil. Resqunit AB's Average Total Inventories for the quarter that ended in Jun. 2023 was kr1.53 Mil. Resqunit AB's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Resqunit AB's Days Inventory for the six months ended in Jun. 2023 was 653.50.

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. Resqunit AB's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.60.

Resqunit AB Inventory Turnover Historical Data

The historical data trend for Resqunit 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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Resqunit AB Inventory Turnover Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Inventory Turnover

0.75

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Inventory Turnover	-	0.24	0.52	0.28

Resqunit AB Inventory Turnover Calculation

Resqunit AB's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.401	/ (	(0.145	+	0.929)	/	2 )
=	0.401	/	0.537
=	0.75

Resqunit AB's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.427	/ (	(0.929	+	2.129)	/	2 )
=	0.427	/	1.529
=	0.28

Resqunit AB (OSTO:RESQ) 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.

Resqunit AB's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.529	/	0.427	*	365 / 2
	=	653.50

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.

Resqunit AB's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.529	/	0.588
	=	2.60

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.

Resqunit AB Inventory Turnover Related Terms

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Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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