Hochdorf Holding AG (XSWX:HOCN) Inventory Turnover : 2.93 (As of Dec. 2023)

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What is Hochdorf Holding AG 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. Hochdorf Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF113.9 Mil. Hochdorf Holding AG's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF38.9 Mil. Hochdorf Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hochdorf Holding AG's Days Inventory for the six months ended in Dec. 2023 was 62.38.

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. Hochdorf Holding AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Hochdorf Holding AG Inventory Turnover Historical Data

The historical data trend for Hochdorf Holding AG'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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Hochdorf Holding AG Inventory Turnover Chart

Hochdorf Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.28

6.01

7.73

6.57

7.19

Hochdorf Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.92	2.94	2.64	2.37	2.93

Hochdorf Holding AG Inventory Turnover Calculation

Hochdorf Holding AG'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 )
=	217.659	/ (	(35.164	+	25.416)	/	2 )
=	217.659	/	30.29
=	7.19

Hochdorf Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	113.869	/ (	(52.424	+	25.416)	/	2 )
=	113.869	/	38.92
=	2.93

Hochdorf Holding AG (XSWX:HOCN) 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.

Hochdorf Holding AG's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	38.92	/	113.869	*	365 / 2
	=	62.38

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.

Hochdorf Holding AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	38.92	/	153.67
	=	0.25

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.

Hochdorf Holding AG Inventory Turnover Related Terms

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Hochdorf Holding AG (XSWX:HOCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hochdorf Holding AG (XSWX:HOCN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HOCNz:UK

Address

Siedereistrasse 9, Postfach 691, Hochdorf, CHE, 6281

Website

https://www.hochdorf.com

Hochdorf Holding AG is a food company. It produces and sells food products to the food industry and the wholesale and retail trade in the international markets. The group operates in the business of Food Solutions and Baby Care It produces, and markets powder products based on milk and whey, and also produces and markets cereals. The firm generates the majority of its revenue from the Dairy ingredients segment which includes products like cream, milk concentrate, skimmed milk powder, whole milk powder, cream powder, fat powder, milk protein powder, whey powder, whey protein powder, permeate powder, butter, buttermilk, and curd. Geographically, the Food Solutions division focuses on Switzerland.

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