Hagag Group Real Estate Development (XTAE:HGG) Inventory Turnover : 0.13 (As of Dec. 2023)

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What is Hagag Group Real Estate Development 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. Hagag Group Real Estate Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪269.9 Mil. Hagag Group Real Estate Development's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪2,000.4 Mil. Hagag Group Real Estate Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hagag Group Real Estate Development's Days Inventory for the three months ended in Dec. 2023 was 676.39.

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. Hagag Group Real Estate Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.91.

Hagag Group Real Estate Development Inventory Turnover Historical Data

The historical data trend for Hagag Group Real Estate Development'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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Hagag Group Real Estate Development Inventory Turnover Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.11

0.14

0.11

0.19

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.03	0.02	0.02	0.01	0.13

Hagag Group Real Estate Development Inventory Turnover Calculation

Hagag Group Real Estate Development'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 )
=	362.868	/ (	(1900.063	+	1944.568)	/	2 )
=	362.868	/	1922.3155
=	0.19

Hagag Group Real Estate Development's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	269.871	/ (	(2056.277	+	1944.568)	/	2 )
=	269.871	/	2000.4225
=	0.13

Hagag Group Real Estate Development (XTAE:HGG) 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.

Hagag Group Real Estate Development's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2000.4225	/	269.871	*	365 / 4
	=	676.39

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.

Hagag Group Real Estate Development's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2000.4225	/	407.398
	=	4.91

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.

Hagag Group Real Estate Development Inventory Turnover Related Terms

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Hagag Group Real Estate Development (XTAE:HGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » Inventory Turnover

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Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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