HMNKF (HMS Networks AB) Inventory Turnover : 0.36 (As of Sep. 2024)

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What is HMS Networks AB 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. HMS Networks AB's Cost of Goods Sold for the three months ended in Sep. 2024 was $28.3 Mil. HMS Networks AB's Average Total Inventories for the quarter that ended in Sep. 2024 was $79.5 Mil. HMS Networks AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HMS Networks AB's Days Inventory for the three months ended in Sep. 2024 was 256.66.

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. HMS Networks AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.03.

HMS Networks AB Inventory Turnover Historical Data

The historical data trend for HMS Networks AB'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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HMS Networks AB Inventory Turnover Chart

HMS Networks AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.66

3.74

4.04

3.18

2.23

HMS Networks AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.52	0.48	0.38	0.44	0.36

HMS Networks AB Inventory Turnover Calculation

HMS Networks AB'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 )
=	103.088	/ (	(34.886	+	57.405)	/	2 )
=	103.088	/	46.1455
=	2.23

HMS Networks AB's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	28.253	/ (	(82.292	+	76.645)	/	2 )
=	28.253	/	79.4685
=	0.36

HMS Networks AB (OTCPK:HMNKF) 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.

HMS Networks AB's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	79.4685	/	28.253	*	365 / 4
	=	256.66

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.

HMS Networks AB's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	79.4685	/	77.427
	=	1.03

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.

HMS Networks AB Inventory Turnover Related Terms

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HMS Networks AB Business Description

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Traded in Other Exchanges

HMS:Sweden 0RPZ:UK 4H3A:Germany

Address

Stationsgatan 37, Box 4126, Halmstad, SWE, SE-300 04

Website

https://www.hms-networks.com

HMS Networks AB is a supplier of proprietary, patented technology for intelligent industrial communication. It develops and manufactures solutions for connecting industrial products to networks and gateways, thus enabling interconnection between various networks. The group sells products in various countries including Germany. It generates majority of its revenue from USA, Japan, France, China, Sweden, Italy, and other countries. The brands of the company are Anybus, Ewon, Intesis and Ixxat.