Hagar hf (OISE:HAGA) Inventory Turnover : 2.60 (As of Feb. 2024)

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What is Hagar hf 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. Hagar hf's Cost of Goods Sold for the three months ended in Feb. 2024 was kr33,836 Mil. Hagar hf's Average Total Inventories for the quarter that ended in Feb. 2024 was kr12,999 Mil. Hagar hf's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hagar hf's Days Inventory for the three months ended in Feb. 2024 was 35.05.

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. Hagar hf's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.30.

Hagar hf Inventory Turnover Historical Data

The historical data trend for Hagar hf'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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Hagar hf Inventory Turnover Chart

Hagar hf Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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11.23

10.84

11.01

11.19

10.65

Hagar hf Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															2.40	2.76	3.01	2.78	2.60

Hagar hf Inventory Turnover Calculation

Hagar hf's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	137281	/ (	(12717	+	13068)	/	2 )
=	137281	/	12892.5
=	10.65

Hagar hf's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	33836	/ (	(12929	+	13068)	/	2 )
=	33836	/	12998.5
=	2.60

Hagar hf (OISE:HAGA) 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.

Hagar hf's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	12998.5	/	33836	*	365 / 4
	=	35.05

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.

Hagar hf's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	12998.5	/	42788
	=	0.30

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.

Hagar hf Inventory Turnover Related Terms

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Hagar hf (OISE:HAGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hagar hf (OISE:HAGA) » Definitions » Inventory Turnover

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Address

Hagasmari 1, Kopavogur, ISL, 201

Website

http://www.hagar.is

Hagar hf is a retail company located in Iceland. The company with its subsidiaries operate stores within retail chains as well as warehouses. It also operates specialty product division within Hagkaup grocery retailer and several specialty stores offering lifestyle and retail brands. The firm mainly operates in grocery sector and owns Hagkaup and Bonus grocery retailers and also support service companies in the fields of purchasing and distribution.

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