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Hagen Bikes Holding AS (OTSE:HAGEN) Inventory Turnover : 1.73 (As of Jun. 2023)


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What is Hagen Bikes Holding 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. Hagen Bikes Holding AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.18 Mil. Hagen Bikes Holding AS's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.11 Mil. Hagen Bikes Holding AS's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hagen Bikes Holding AS's Days Inventory for the six months ended in Jun. 2023 was 105.79.

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. Hagen Bikes Holding AS's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.37.

Hagen Bikes Holding AS Inventory Turnover Historical Data

The historical data trend for Hagen Bikes Holding 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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Hagen Bikes Holding AS Inventory Turnover Chart

Hagen Bikes Holding AS Annual Data
Trend Jan19 Jan20
Inventory Turnover
0.17 0.39

Hagen Bikes Holding AS Semi-Annual Data
Jan19 Jan20 Jan21 Jun22 Jun23
Inventory Turnover - - - 2.00 1.73

Hagen Bikes Holding AS Inventory Turnover Calculation

Hagen Bikes Holding AS's Inventory Turnover for the fiscal year that ended in Jan. 2020 is calculated as

Inventory Turnover (A: Jan. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jan. 2020 ) / ((Total Inventories (A: Jan. 2019 ) + Total Inventories (A: Jan. 2020 )) / count )
=0.009 / ((0.023 + 0.023) / 2 )
=0.009 / 0.023
=0.39

Hagen Bikes Holding AS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.182 / ((0.131 + 0.08) / 2 )
=0.182 / 0.1055
=1.73

* 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.

Hagen Bikes Holding AS  (OTSE:HAGEN) 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.

Hagen Bikes Holding AS's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.1055/0.182*365 / 2
=105.79

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.

Hagen Bikes Holding AS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.1055 / 0.283
=0.37

* 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.

Hagen Bikes Holding AS Inventory Turnover Related Terms

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Hagen Bikes Holding AS (OTSE:HAGEN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hagen Bikes Holding AS (OTSE:HAGEN) » Definitions » Inventory Turnover
Comparable Companies
OTSE:ROBUS TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW SZSE:300144 HKSE:09992 YETI GOLF TSE:7731 SEAS TSX:TOY OSTO:THULE BSP:SMFT3
Traded in Other Exchanges
N/A
Address
Kopli tee 1/2-5, Peetri Township, Harju County, Rae Parish, EST
Website
https://www.hagenbikes.com
Hagen Bikes Holding AS is engaged in the production and development of cargo and box bicycles.

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