HINKF (Heineken NV) Inventory Turnover : 2.54 (As of Jun. 2024)

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What is Heineken NV 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. Heineken NV's Cost of Goods Sold for the six months ended in Jun. 2024 was $10,413 Mil. Heineken NV's Average Total Inventories for the quarter that ended in Jun. 2024 was $4,106 Mil. Heineken NV's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heineken NV's Days Inventory for the six months ended in Jun. 2024 was 71.96.

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 NV's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.26.

Heineken NV Inventory Turnover Historical Data

The historical data trend for Heineken NV'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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Heineken NV Inventory Turnover Chart

Heineken NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.98

6.26

5.95

6.36

5.84

Heineken NV Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.98	3.14	2.57	2.57	2.54

Heineken NV Inventory Turnover Calculation

Heineken NV'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 )
=	21894.221	/ (	(3442.797	+	4057.797)	/	2 )
=	21894.221	/	3750.297
=	5.84

Heineken NV's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	10413.348	/ (	(4057.797	+	4153.929)	/	2 )
=	10413.348	/	4105.863
=	2.54

Heineken NV (OTCPK:HINKF) 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.

Heineken NV's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4105.863	/	10413.348	*	365 / 2
	=	71.96

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.

Heineken NV's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4105.863	/	15956.943
	=	0.26

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.

Heineken NV Inventory Turnover Related Terms

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Heineken NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken NV (OTCPK:HINKF) » Definitions » Inventory Turnover

Traded in Other Exchanges

HEINY:USA HEIA:Netherlands HEIA:Mexico HEIAa:UK 0O26:UK HNK1:Germany HEIA:Austria

Address

Tweede Weteringplantsoen 21, Amsterdam, NH, NLD, 1017 ZD

Website

https://www.theheinekencompany.com

Heineken sold 243 million hectoliters of beer in 2023, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.