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Norrhydro Group Oyj (OHEL:NORRH) Inventory Turnover : 0.91 (As of Dec. 2023)


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What is Norrhydro Group Oyj 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. Norrhydro Group Oyj's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.26 Mil. Norrhydro Group Oyj's Average Total Inventories for the quarter that ended in Dec. 2023 was €7.95 Mil. Norrhydro Group Oyj's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norrhydro Group Oyj's Days Inventory for the six months ended in Dec. 2023 was 199.95.

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. Norrhydro Group Oyj's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Norrhydro Group Oyj Inventory Turnover Historical Data

The historical data trend for Norrhydro Group Oyj'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.

Norrhydro Group Oyj Inventory Turnover Chart

Norrhydro Group Oyj Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
1.96 1.54 2.28 2.29 2.04

Norrhydro Group Oyj Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 1.22 1.59 0.85 1.12 0.91

Norrhydro Group Oyj Inventory Turnover Calculation

Norrhydro Group Oyj'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 )
=17.154 / ((8.847 + 7.952) / 2 )
=17.154 / 8.3995
=2.04

Norrhydro Group Oyj'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=7.258 / ((0 + 7.952) / 1 )
=7.258 / 7.952
=0.91

* 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.

Norrhydro Group Oyj  (OHEL:NORRH) 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.

Norrhydro Group Oyj's Days Inventory for the six 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
=7.952/7.258*365 / 2
=199.95

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.

Norrhydro Group Oyj'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 )
=7.952 / 12.044
=0.66

* 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.

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.

Norrhydro Group Oyj Inventory Turnover Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Inventory Turnover
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Traded in Other Exchanges
U7X:Germany
Address
Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100
Website
https://www.norrhydro.com
Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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