High Liner Foods (High Liner Foods) Inventory Turnover : 0.63 (As of Dec. 2023)

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What is High Liner Foods 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. High Liner Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $188 Mil. High Liner Foods's Average Total Inventories for the quarter that ended in Dec. 2023 was $300 Mil. High Liner Foods'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. High Liner Foods's Days Inventory for the three months ended in Dec. 2023 was 145.10.

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 Inventory Turnover Historical Data

The historical data trend for High Liner Foods'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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High Liner Foods Inventory Turnover Chart

High Liner Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.54

2.38

2.42

2.15

2.24

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
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.60	0.53	0.63	0.63

High Liner Foods Inventory Turnover Calculation

High Liner Foods'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 )
=	861.649	/ (	(472.311	+	295.624)	/	2 )
=	861.649	/	383.9675
=	2.24

High Liner Foods'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 )
=	188.469	/ (	(303.776	+	295.624)	/	2 )
=	188.469	/	299.7
=	0.63

High Liner Foods (OTCPK:HLNFF) 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.

High Liner Foods'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
	=	299.7	/	188.469	*	365 / 4
	=	145.10

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.

High Liner Foods'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 )
	=	299.7	/	237.126
	=	1.26

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.

High Liner Foods Inventory Turnover 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 » Inventory Turnover

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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.