Hagen Bikes Holding AS (OTSE:HAGEN) Days Inventory : 105.79 (As of Jun. 2023)

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What is Hagen Bikes Holding AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hagen Bikes Holding AS's Average Total Inventories for the six months ended in Jun. 2023 was €0.11 Mil. Hagen Bikes Holding AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.18 Mil. Hence, Hagen Bikes Holding AS's Days Inventory for the six months ended in Jun. 2023 was 105.79.

The historical rank and industry rank for Hagen Bikes Holding AS's Days Inventory or its related term are showing as below:

OTSE:HAGEN' s Days Inventory Range Over the Past 10 Years
Min: 211.58 Med: 1515.77 Max: 2098.75
Current: 211.58

During the past 2 years, Hagen Bikes Holding AS's highest Days Inventory was 2098.75. The lowest was 211.58. And the median was 1515.77.

OTSE:HAGEN's Days Inventory is not ranked
in the Travel & Leisure industry.
Industry Median: 35.91 vs OTSE:HAGEN: 211.58

Hagen Bikes Holding AS's Days Inventory increased from Jan. 2021 (0.00) to Jun. 2023 (105.79). It might indicate that Hagen Bikes Holding AS's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hagen Bikes Holding AS's Inventory Turnover for the six months ended in Jun. 2023 was 1.73.

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. Hagen Bikes Holding AS's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.37.

Hagen Bikes Holding AS Days Inventory Historical Data

The historical data trend for Hagen Bikes Holding AS's Days Inventory 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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Hagen Bikes Holding AS Days Inventory Chart

Hagen Bikes Holding AS Annual Data

Trend

Jan19

Jan20

Days Inventory

2,098.75

932.78

Hagen Bikes Holding AS Semi-Annual Data
	Jan19	Jan20	Jan21	Jun22	Jun23
Days Inventory	-	-	-	91.25	105.79

Competitive Comparison of Hagen Bikes Holding AS's Days Inventory

For the Leisure subindustry, Hagen Bikes Holding AS's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hagen Bikes Holding AS's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hagen Bikes Holding AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hagen Bikes Holding AS's Days Inventory falls into.

Hagen Bikes Holding AS Days Inventory Calculation

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

Hagen Bikes Holding AS's Days Inventory for the fiscal year that ended in Jan. 2020 is calculated as

	Days Inventory (A: Jan. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2019 )	+	Total Inventories (A: Jan. 2020 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2020 )	*	Days in Period
=	( (0.023	+	0.023)	/	2 )	/	0.009	*	365
=	0.023					/	0.009	*	365
=	932.78

Hagen Bikes Holding AS's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.131	+	0.08)	/	2 )	/	0.182	*	365 / 2
=	0.1055					/	0.182	*	365 / 2
=	105.79

Hagen Bikes Holding AS (OTSE:HAGEN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Hagen Bikes Holding AS's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.182	/	0.1055
	=	1.73

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.

Hagen Bikes Holding AS's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1055	/	0.283
	=	0.37

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Hagen Bikes Holding AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Hagen Bikes Holding AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hagen Bikes Holding AS (OTSE:HAGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hagen Bikes Holding AS (OTSE:HAGEN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kopli tee 1/2-5, Peetri Township, Harju County, Rae Parish, EST

Website

https://www.hagenbikes.com

Hagen Bikes Holding AS is engaged in the production and development of cargo and box bicycles.

Hagen Bikes Holding AS (OTSE:HAGEN) Headlines

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