HAV Group ASA (OSL:HAV) Inventory Turnover: 6.41 (As of Mar. 2026)

What is HAV Group ASA Inventory Turnover?

HAV Group ASA OSL:HAV +1.45% 64 Inventory Turnover is 6.41 as of Mar. 2026. GuruFocus rates OSL:HAV with a GF Score™ of 64/100 and a GF Value™ of kr12.48 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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. HAV Group ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was kr200.3 Mil. HAV Group ASA's Average Total Inventories for the quarter that ended in Mar. 2026 was kr31.3 Mil. HAV Group ASA's Inventory Turnover for the quarter that ended in Mar. 2026 was 6.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HAV Group ASA's Days Inventory for the three months ended in Mar. 2026 was 14.24.

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. HAV Group ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.13.

HAV Group ASA (OSL:HAV) 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.

HAV Group ASA's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	31.272	/	200.33	*	365 / 4
	=	14.24

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.

HAV Group ASA's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	31.272	/	233.126
	=	0.13

* 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.

HAV Group ASA Inventory Turnover Related Terms

HAV Group ASA Inventory Turnover Historical Data

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The historical data trend for HAV Group ASA's Inventory Turnover can be seen below:

HAV Group ASA Inventory Turnover Chart

HAV Group ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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52.46

22.74

16.95

19.85

20.45

HAV Group ASA Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															3.70	4.79	5.15	7.25	6.41

64GF Score

HAV Group ASA OSL:HAV

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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HAV Group ASA Inventory Turnover Calculation

HAV Group ASA's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	676.342	/ (	(33.847	+	32.302)	/	2 )
=	676.342	/	33.0745
=	20.45

HAV Group ASA's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	200.33	/ (	(32.302	+	30.242)	/	2 )
=	200.33	/	31.272
=	6.41

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 6.41 mean?

HAV Group ASA (OSL:HAV) has a Inventory Turnover of 6.41 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HAV Group ASA and its competitors.

Is HAV Group ASA's Inventory Turnover too high?

HAV Group ASA's current Inventory Turnover is 6.41. Overall, HAV Group ASA has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does HAV Group ASA's Inventory Turnover compare to competitors?

HAV Group ASA's Inventory Turnover of 6.41 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Transportation company?

A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HAV Group ASA and its competitors. HAV Group ASA's current Inventory Turnover is 6.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is HAV Group ASA stock overvalued right now?

Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Modestly Overvalued. The stock's GF Value™ is kr12.48, compared to a current price of kr14.00 — trading 12.2% above its estimated fair value. The current Inventory Turnover is 6.41. HAV Group ASA's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For HAV Group ASA (OSL:HAV), the current Inventory Turnover is 6.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HAV Group ASA (OSL:HAV) Overvalued in 2026?

Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued. The current stock price of kr14.00 is trading 12.2% above its estimated GF Value™ of kr12.48. GuruFocus considers HAV Group ASA to be Modestly Overvalued.

Key valuation signals for OSL:HAV:

Inventory Turnover: 6.41
GF Value™: kr12.48 vs. price of kr14.00 (12.2% above fair value)
GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HAV Group ASA Business Description

Industry Industrials Transportation

Comparable Companies OSL:STST OSL:HAVI OSL:JIN OSL:ADS OSL:GEOS OSL:WEST OSL:2020 BOM:532921 OCSE:MAERSK B HKSE:01919 PHS:ICT XTER:HLAG SHSE:600018 TSE:9101 TPE:2603 ADX:ADNOCLS XKRX:011200 TSE:9104 HKSE:01308 HKSE:00316

Other Exchanges 6HH:Germany

Address Holmefjordvegen 1, Fosnavag, NOR, 6090

Website https://www.havgroup.no

HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.

64GF Score

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kr14.00

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kr12.48

GF Value

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