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Isfelag hfs (OISE:ISF) Inventory Turnover : 0.80 (As of Dec. 2023)


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What is Isfelag hfs 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. Isfelag hfs's Cost of Goods Sold for the six months ended in Dec. 2023 was kr6,182 Mil. Isfelag hfs's Average Total Inventories for the quarter that ended in Dec. 2023 was kr7,761 Mil. Isfelag hfs's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isfelag hfs's Days Inventory for the six months ended in Dec. 2023 was 229.12.

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. Isfelag hfs's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.

Isfelag hfs Inventory Turnover Historical Data

The historical data trend for Isfelag hfs'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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Isfelag hfs Inventory Turnover Chart

Isfelag hfs Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
3.47 4.31 4.29 2.93

Isfelag hfs Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23
Inventory Turnover - - - 2.14 0.80

Isfelag hfs Inventory Turnover Calculation

Isfelag hfs'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 )
=17287.78 / ((3330.021 + 8473.968) / 2 )
=17287.78 / 5901.9945
=2.93

Isfelag hfs'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 )
=6181.995 / ((7048.534 + 8473.968) / 2 )
=6181.995 / 7761.251
=0.80

* 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.

Isfelag hfs  (OISE:ISF) 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.

Isfelag hfs'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
=7761.251/6181.995*365 / 2
=229.12

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.

Isfelag hfs'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 )
=7761.251 / 10231.506
=0.76

* 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.

Isfelag hfs Inventory Turnover Related Terms

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Isfelag hfs (OISE:ISF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Tangagata 1, Vestmannaeyjar, ISL, 900
Website
https://www.isfelag.is
Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs (OISE:ISF) Headlines

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