High Liner Foods (High Liner Foods) Change In Inventory : $179 Mil (TTM As of Dec. 2023)

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What is High Liner Foods Change In Inventory?

High Liner Foods's change in inventory for the quarter that ended in Dec. 2023 was $10 Mil. It means High Liner Foods's inventory declined by $10 Mil from Sep. 2023 to Dec. 2023 .

High Liner Foods's change in inventory for the fiscal year that ended in Dec. 2023 was $179 Mil. It means High Liner Foods's inventory declined by $179 Mil from Dec. 2022 to Dec. 2023 .

High Liner Foods's Total Inventories for the quarter that ended in Dec. 2023 was $296 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Liner Foods's Days Inventory for the quarter that ended in Dec. 2023 was 145.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Liner Foods's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

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. High Liner Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.26.

High Liner Foods Change In Inventory Historical Data

The historical data trend for High Liner Foods'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.

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High Liner Foods Change In Inventory Chart

High Liner Foods Annual Data

Trend

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Dec23

Change In Inventory

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10.10

45.87

-57.17

-173.50

179.45

High Liner Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-66.86	69.52	45.87	53.57	10.49

High Liner Foods 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $179 Mil.

High Liner Foods (OTCPK:HLNFF) Change In Inventory Explanation

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

High Liner Foods's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	299.7	/	188.469	*	365 / 4
	=	145.10

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

High Liner Foods's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	188.469	/	299.7
	=	0.63

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.

High Liner Foods's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	299.7	/	237.126
	=	1.26

High Liner Foods Change In Inventory Related Terms

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High Liner Foods (High Liner Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » High Liner Foods Inc (OTCPK:HLNFF) » Definitions » Change In Inventory

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Traded in Other Exchanges

28Y:Germany HLF:Canada

Address

100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0

Website

https://www.highlinerfoods.com

High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.