Norsk Hydro ASA (Norsk Hydro ASA) Total Inventories : $2,412 Mil (As of Dec. 2023)

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What is Norsk Hydro ASA Total Inventories?

Norsk Hydro ASA's total inventories for the quarter that ended in Dec. 2023 was $2,412 Mil. Norsk Hydro ASA's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,495 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Norsk Hydro ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norsk Hydro ASA's Days Inventory for the three months ended in Dec. 2023 was 105.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norsk Hydro ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

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. Norsk Hydro ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Norsk Hydro ASA Total Inventories Historical Data

The historical data trend for Norsk Hydro ASA's Total Inventories 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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Norsk Hydro ASA Total Inventories Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,306.74

2,238.63

2,426.32

3,039.95

2,412.37

Norsk Hydro ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															3,039.95	2,868.89	2,668.30	2,577.97	2,412.37

Norsk Hydro ASA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Norsk Hydro ASA (OTCPK:NHYDY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Norsk Hydro ASA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2510.001	+	0.75 * 1592.223	+	0.5 * 2412.365	-	9410.867
-	0	-	626.007)	/	2012.05
=	-2.55

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Norsk Hydro ASA'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
	=	2495.1695	/	2159.08	*	365 / 4
	=	105.45

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Norsk Hydro ASA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2159.08	/	2495.1695
	=	0.87

4. 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.

Norsk Hydro ASA'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 )
	=	2495.1695	/	4431.911
	=	0.56

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Norsk Hydro ASA Total Inventories Related Terms

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Norsk Hydro ASA (Norsk Hydro ASA) Business Description

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Traded in Other Exchanges

NHYKF:USA NHYo:Sweden NHY:Norway NHYo:UK 0Q11:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

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