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Isfelag hfs (OISE:ISF) Total Inventories : kr8,474 Mil (As of Dec. 2023)


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What is Isfelag hfs Total Inventories?

Isfelag hfs's total inventories for the quarter that ended in Dec. 2023 was kr8,474 Mil. Isfelag hfs's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was kr7,761 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Isfelag hfs's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-26.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isfelag hfs's Days Inventory for the six months ended in Dec. 2023 was 229.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Isfelag hfs's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

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. Isfelag hfs's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.


Isfelag hfs Total Inventories Historical Data

The historical data trend for Isfelag hfs'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.

* Premium members only.

Isfelag hfs Total Inventories Chart

Isfelag hfs Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
1,973.27 2,905.32 3,330.02 8,473.97

Isfelag hfs Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23
Total Inventories 1,973.27 2,905.32 3,330.02 7,048.53 8,473.97

Isfelag hfs 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.


Isfelag hfs  (OISE:ISF) 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.

Isfelag hfs'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)
=(6089.676+0.75 * 3284.276+0.5 * 8473.968-34582.193
-0-0)/818.34
=-26.63

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

Isfelag hfs'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
=7761.251/6181.995*365 / 2
=229.12

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

Isfelag hfs'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 )
=6181.995 / 7761.251
=0.80

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.

Isfelag hfs'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 )
=7761.251 / 10231.506
=0.76

* 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

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.


Isfelag hfs Total Inventories Related Terms

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Isfelag hfs (OISE:ISF) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Tangagata 1, Vestmannaeyjar, ISL, 900
Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs (OISE:ISF) Headlines

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