Hilton Food Group (LSE:HFG) Inventory Turnover : 8.93 (As of Dec. 2023)

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What is Hilton Food Group 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. Hilton Food Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £1,658 Mil. Hilton Food Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £186 Mil. Hilton Food Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hilton Food Group's Days Inventory for the six months ended in Dec. 2023 was 20.43.

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. Hilton Food Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Hilton Food Group Inventory Turnover Historical Data

The historical data trend for Hilton Food Group'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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Hilton Food Group Inventory Turnover Chart

Hilton Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.06

23.55

21.81

19.08

18.42

Hilton Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jul16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															9.18	11.01	8.53	9.55	8.93

Hilton Food Group Inventory Turnover Calculation

Hilton Food Group'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 )
=	3559.185	/ (	(206.729	+	179.741)	/	2 )
=	3559.185	/	193.235
=	18.42

Hilton Food Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1657.838	/ (	(191.386	+	179.741)	/	2 )
=	1657.838	/	185.5635
=	8.93

Hilton Food Group (LSE:HFG) 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.

Hilton Food Group'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
	=	185.5635	/	1657.838	*	365 / 2
	=	20.43

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.

Hilton Food Group'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 )
	=	185.5635	/	1866.408
	=	0.10

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.

Hilton Food Group Inventory Turnover Related Terms

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Hilton Food Group (LSE:HFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hilton Food Group PLC (LSE:HFG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HFGl:UK HFG.GB:UK FAG:Germany

Address

Latham Road, 2-8 The Interchange, Huntingdon, Cambridgeshire, GBR, PE29 6YE

Website

https://www.hiltonfoods.com

Hilton Food Group PLC is engaged in the specialist retail meat-packing business supplying international food retailers in Europe, Australia, and New Zealand. It is into wholesaling of food protein products including meat, seafood, and vegetarian. The company has three operating segments, namely Europe (which consists of The United Kingdom, Netherlands, Belgium, the Republic of Ireland, Sweden, Denmark, Central Europe including Poland, the Czech Republic, Hungary, Slovakia, Latvia, Lithuania, and Estonia, and Portugal), APAC, and Central costs. The company derives a majority of its revenue from the European Countries.

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