Heineken Holding NV (FRA:4H5) Change In Inventory: €193 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4H5 Heineken Holding NV FRA:4H5
85 GF Score
Price €67.40
GF Value €68.05
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Heineken Holding NV Change In Inventory?

Heineken Holding NV FRA:4H5 -0.52% 85 Change In Inventory is €193 Mil as of Jun. 2026. GuruFocus rates FRA:4H5 with a GF Score™ of 85/100 and a GF Value™ of €68.05 (Fairly Valued). The stock has 6 warning signs investors should review.

Heineken Holding NV's change in inventory for the quarter that ended in Jun. 2026 was €-71 Mil. It means Heineken Holding NV's inventory increased by €71 Mil from Dec. 2025 to Jun. 2026 .

Heineken Holding NV's change in inventory for the fiscal year that ended in Dec. 2025 was €2 Mil. It means Heineken Holding NV's inventory declined by €2 Mil from Dec. 2024 to Dec. 2025 .

Heineken Holding NV's Total Inventories for the quarter that ended in Jun. 2026 was €3,535 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heineken Holding NV's Days Inventory for the quarter that ended in Jun. 2026 was 64.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heineken Holding NV's Inventory Turnover for the quarter that ended in Jun. 2026 was 2.84.

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. Heineken Holding NV's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.23.

Heineken Holding NV  (FRA:4H5) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Heineken Holding NV's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=3399/9643*365 / 2
=64.33

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Heineken Holding NV's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=9643 / 3399
=2.84

3. 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.

Heineken Holding NV's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=3399 / 14841
=0.23

* 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.

Heineken Holding NV Change In Inventory Related Terms

Heineken Holding NV Change In Inventory Historical Data

* Premium members only.

The historical data trend for Heineken Holding NV's Change In Inventory 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.

Heineken Holding NV Change In Inventory Chart

Heineken Holding NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -308.00 -793.00 -4.00 -39.00 2.00

Heineken Holding NV Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -220.00 181.00 -262.00 264.00 -71.00
FRA:4H5
85GF Score
Heineken Holding NV FRA:4H5
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heineken Holding NV Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €193 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of €193 Mil mean?
Heineken Holding NV (FRA:4H5) has a Change In Inventory of €193 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Heineken Holding NV and its competitors.
Is Heineken Holding NV's Change In Inventory too high?
Heineken Holding NV's current Change In Inventory is €193 Mil. Overall, Heineken Holding NV has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's Change In Inventory compare to STZ and TAP?
Heineken Holding NV's Change In Inventory of €193 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Beverages - Alcoholic company?
A good Change In Inventory depends on the Beverages - Alcoholic industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Heineken Holding NV and its competitors. Heineken Holding NV's current Change In Inventory is €193 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (FRA:4H5) is currently considered Fairly Valued. The stock's GF Value™ is €68.05, compared to a current price of €67.40 — trading 1% below its estimated fair value. The current Change In Inventory is €193 Mil. Heineken Holding NV's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Heineken Holding NV (FRA:4H5), the current Change In Inventory is €193 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heineken Holding NV (FRA:4H5) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued. The current stock price of €67.40 is trading 1% below its estimated GF Value™ of €68.05. GuruFocus considers Heineken Holding NV to be Fairly Valued.

Key valuation signals for FRA:4H5:

  • Change In Inventory: €193 Mil
  • GF Value™: €68.05 vs. price of €67.40 (1% below fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the FRA:4H5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heineken Holding NV Business Description

Address Tweede Weteringplantsoen 5, PO Box 28, Amsterdam, NH, NLD, 1017 ZD
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
85GF Score

Get the complete analysis for FRA:4H5

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€67.40
Price
€68.05
GF Value