Hofseth BioCare ASA (OSTO:HBCO) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Hofseth BioCare ASA 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. Hofseth BioCare ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr27.3 Mil. Hofseth BioCare ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr83.1 Mil. Hofseth BioCare ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hofseth BioCare ASA's Days Inventory for the three months ended in Mar. 2024 was 277.39.

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. Hofseth BioCare ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.59.

Hofseth BioCare ASA Inventory Turnover Historical Data

The historical data trend for Hofseth BioCare ASA'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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Hofseth BioCare ASA Inventory Turnover Chart

Hofseth BioCare ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.88

0.74

0.79

0.89

1.51

Hofseth BioCare ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.37	0.25	0.32	0.54	0.33

Hofseth BioCare ASA Inventory Turnover Calculation

Hofseth BioCare ASA'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 )
=	150.688	/ (	(116.525	+	82.542)	/	2 )
=	150.688	/	99.5335
=	1.51

Hofseth BioCare ASA'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 )
=	27.346	/ (	(82.542	+	83.715)	/	2 )
=	27.346	/	83.1285
=	0.33

Hofseth BioCare ASA (OSTO:HBCO) 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.

Hofseth BioCare ASA'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
	=	83.1285	/	27.346	*	365 / 4
	=	277.39

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.

Hofseth BioCare ASA'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 )
	=	83.1285	/	52.358
	=	1.59

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.

Hofseth BioCare ASA Inventory Turnover Related Terms

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Hofseth BioCare ASA (OSTO:HBCO) Business Description

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HOFBF:USA HBC:Norway HBQ:Germany

Address

Kipervikgata 13, Aalesund, NOR, 6003

Website

https://www.hofsethbiocare.com

Hofseth BioCare ASA is a Norway based company engaged in the business of development, manufacturing, marketing and sale of marine ingredients such as oil, calcium and protein products. It is also involved in cooperation, participation, and ownership in the businesses engaged in related activities. The group operates in the business segment of producing salmon oil, soluble protein, calcium, and nonwater soluble protein. The brands under the company are OmeGo, PetGo, ProGo, and CalGo. The firm sells products to various segments of the human nutrition market such as sports nutrition, supplements, and health foods, as well as to the market within nutrition to pet and feed industry. It generates the majority of the revenue from the sale of salmon oil internationally.

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