Havila Kystruten AS (OSL:HKY) Inventory Turnover : 3.07 (As of Mar. 2024)

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What is Havila Kystruten AS 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. Havila Kystruten AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr42.1 Mil. Havila Kystruten AS's Average Total Inventories for the quarter that ended in Mar. 2024 was kr13.7 Mil. Havila Kystruten AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Havila Kystruten AS's Days Inventory for the three months ended in Mar. 2024 was 29.75.

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. Havila Kystruten AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Havila Kystruten AS Inventory Turnover Historical Data

The historical data trend for Havila Kystruten AS'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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Havila Kystruten AS Inventory Turnover Chart

Havila Kystruten AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.25

5.57

7.40

Havila Kystruten AS Quarterly Data
	Dec19	Dec20	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									1.24	1.70	2.19	2.08	3.07

Havila Kystruten AS Inventory Turnover Calculation

Havila Kystruten AS'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 )
=	105.691	/ (	(13.454	+	15.122)	/	2 )
=	105.691	/	14.288
=	7.40

Havila Kystruten AS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	42.113	/ (	(15.122	+	12.334)	/	2 )
=	42.113	/	13.728
=	3.07

Havila Kystruten AS (OSL:HKY) 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.

Havila Kystruten AS's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	13.728	/	42.113	*	365 / 4
	=	29.75

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.

Havila Kystruten AS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	13.728	/	292.856
	=	0.05

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.

Havila Kystruten AS Inventory Turnover Related Terms

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Havila Kystruten AS (OSL:HKY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Havila Kystruten AS (OSL:HKY) » Definitions » Inventory Turnover

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6FZ:Germany

Address

Mjolstadnesvegen, Fosnavag, NOR, 6092

Website

https://www.havilavoyages.com

Havila Kystruten AS is a shipping company, which sails the classic coastal journey between Bergen and Kirkenes with the Norwegian coast's most environmentally friendly ship.

Havila Kystruten AS (OSL:HKY) Headlines

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