HIVE Digital Technologies (HIVE Digital Technologies) Inventory Turnover : 0.63 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is HIVE Digital Technologies 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. HIVE Digital Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $37.3 Mil. HIVE Digital Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $59.4 Mil. HIVE Digital Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HIVE Digital Technologies's Days Inventory for the three months ended in Dec. 2023 was 145.30.

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. HIVE Digital Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.60.

HIVE Digital Technologies Inventory Turnover Historical Data

The historical data trend for HIVE Digital Technologies'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.

* Premium members only.

HIVE Digital Technologies Inventory Turnover Chart

HIVE Digital Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

9.29

7.29

0.92

1.02

1.18

HIVE Digital Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.47	0.52	0.65	0.63

HIVE Digital Technologies Inventory Turnover Calculation

HIVE Digital Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	138.991	/ (	(170	+	65.899)	/	2 )
=	138.991	/	117.9495
=	1.18

HIVE Digital Technologies'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	37.299	/ (	(46.89	+	71.894)	/	2 )
=	37.299	/	59.392
=	0.63

HIVE Digital Technologies (NAS:HIVE) 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.

HIVE Digital Technologies's Days Inventory for the three 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
	=	59.392	/	37.299	*	365 / 4
	=	145.30

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.

HIVE Digital Technologies'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 )
	=	59.392	/	37.07
	=	1.60

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.

HIVE Digital Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of HIVE Digital Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HIVE Digital Technologies (HIVE Digital Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HIVE Digital Technologies Ltd (NAS:HIVE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

YO0:Germany HIVE:Canada

Address

789 West Pender Street, Suite 855, Vancouver, BC, CAN, V6C 1H2

Website

https://www.hiveblockchain.com

HIVE Digital Technologies Ltd formerly HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.