Norrhydro Group Oyj (OHEL:NORRH) Total Inventories : €7.95 Mil (As of Dec. 2023)

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What is Norrhydro Group Oyj Total Inventories?

Norrhydro Group Oyj's total inventories for the quarter that ended in Dec. 2023 was €7.95 Mil. Norrhydro Group Oyj's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €3.98 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Norrhydro Group Oyj's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norrhydro Group Oyj's Days Inventory for the six months ended in Dec. 2023 was 99.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norrhydro Group Oyj's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.83.

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. Norrhydro Group Oyj's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Norrhydro Group Oyj Total Inventories Historical Data

The historical data trend for Norrhydro Group Oyj'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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Norrhydro Group Oyj Total Inventories Chart

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

5.45

5.56

5.89

8.85

7.95

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial				5.89	-	8.85	-	7.95

Norrhydro Group Oyj 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.

Norrhydro Group Oyj (OHEL:NORRH) 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.

Norrhydro Group Oyj'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)
=	(1.395	+	0.75 * 0.445	+	0.5 * 7.952	-	16.493
-	0	-	0)	/	10.8446
=	-0.99

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

Norrhydro Group Oyj's Days Inventory for the six 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
	=	3.976	/	7.258	*	365 / 2
	=	99.98

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

Norrhydro Group Oyj'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 )
	=	7.258	/	3.976
	=	1.83

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.

Norrhydro Group Oyj'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 )
	=	3.976	/	12.044
	=	0.33

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.

Norrhydro Group Oyj Total Inventories Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

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Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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