ABAS Protect AB (XSAT:ABAS) Inventory Turnover : 0.31 (As of Mar. 2024)

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What is ABAS Protect 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. ABAS Protect AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr8.4 Mil. ABAS Protect AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr26.9 Mil. ABAS Protect AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ABAS Protect AB's Days Inventory for the three months ended in Mar. 2024 was 293.12.

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. ABAS Protect AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.36.

ABAS Protect AB Inventory Turnover Historical Data

The historical data trend for ABAS Protect 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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ABAS Protect AB Inventory Turnover Chart

ABAS Protect AB Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Inventory Turnover

1.97

2.25

2.18

2.28

2.34

ABAS Protect AB Quarterly Data
	Nov19	Nov20	Nov21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						0.36	0.64	0.49	0.69	0.31

ABAS Protect AB Inventory Turnover Calculation

ABAS Protect 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 )
=	58.345	/ (	(23.698	+	26.255)	/	2 )
=	58.345	/	24.9765
=	2.34

ABAS Protect 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 )
=	8.364	/ (	(26.255	+	27.48)	/	2 )
=	8.364	/	26.8675
=	0.31

ABAS Protect AB (XSAT:ABAS) 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.

ABAS Protect 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
	=	26.8675	/	8.364	*	365 / 4
	=	293.12

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.

ABAS Protect 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 )
	=	26.8675	/	19.694
	=	1.36

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.

ABAS Protect AB Inventory Turnover Related Terms

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ABAS Protect AB (XSAT:ABAS) Business Description

Industry

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Traded in Other Exchanges

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Address

Gislavedsvagen 3, Ambjornarp, SWE, SE-514 93

Website

https://www.abas.se

ABAS Protect AB is a privately owned family business that specializes in manufacturing area protection. It serves the Swedish market with safety products. Its product offerings comprise Gates, Fence, Booms & Bollards, Home & Villa gates, and fences, Preschool & children's cottage gates and fences, and Other products.

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