HAV Group ASA (STU:6HH) Inventory Turnover : 3.69 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is HAV Group 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. HAV Group ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was €12.28 Mil. HAV Group ASA's Average Total Inventories for the quarter that ended in Sep. 2024 was €3.32 Mil. HAV Group ASA's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.69.

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 Sep. 2024 was 24.70.

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 Sep. 2024 was 0.29.

HAV Group ASA Inventory Turnover Historical Data

The historical data trend for HAV Group 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.

* Premium members only.

HAV Group ASA Inventory Turnover Chart

HAV Group ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

79.98

68.83

53.05

21.69

15.75

HAV Group ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															5.60	2.39	3.18	4.04	3.69

HAV Group ASA Inventory Turnover Calculation

HAV Group 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 )
=	44.785	/ (	(2.528	+	3.159)	/	2 )
=	44.785	/	2.8435
=	15.75

HAV Group ASA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	12.276	/ (	(3.837	+	2.81)	/	2 )
=	12.276	/	3.3235
=	3.69

HAV Group ASA (STU:6HH) 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 Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3.3235	/	12.276	*	365 / 4
	=	24.70

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 Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3.3235	/	11.433
	=	0.29

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

Thank you for viewing the detailed overview of HAV Group ASA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HAV Group ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » HAV Group ASA (STU:6HH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HAV:Norway

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. Its activities include ship design and system packages for offshore, transport, and fishing vessels; design, engineering, and installation of electric systems and delivery of control and automation systems for ships; design, engineering, and delivery of ballast water treatment systems; and providing scalable hydrogen systems, that are designed for operation in heavy seas. Geographically, the company generates a majority of its revenue from Norway followed by other European countries and other regions.

HAV Group ASA Headlines

No Headlines