Harboes Bryggeri A/S (OCSE:HARB B) Inventory Turnover : 1.72 (As of Jan. 2024)

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What is Harboes Bryggeri A/S 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. Harboes Bryggeri A/S's Cost of Goods Sold for the three months ended in Jan. 2024 was kr343 Mil. Harboes Bryggeri A/S's Average Total Inventories for the quarter that ended in Jan. 2024 was kr199 Mil. Harboes Bryggeri A/S's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harboes Bryggeri A/S's Days Inventory for the three months ended in Jan. 2024 was 52.98.

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. Harboes Bryggeri A/S's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.47.

Harboes Bryggeri A/S Inventory Turnover Historical Data

The historical data trend for Harboes Bryggeri A/S'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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Harboes Bryggeri A/S Inventory Turnover Chart

Harboes Bryggeri A/S Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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7.16

6.72

6.89

7.50

7.29

Harboes Bryggeri A/S Quarterly Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jul20	Oct20	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.63	1.69	1.91	1.87	1.72

Harboes Bryggeri A/S Inventory Turnover Calculation

Harboes Bryggeri A/S's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	1349.83	/ (	(164.926	+	205.368)	/	2 )
=	1349.83	/	185.147
=	7.29

Harboes Bryggeri A/S's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	342.86	/ (	(191.853	+	206.272)	/	2 )
=	342.86	/	199.0625
=	1.72

Harboes Bryggeri A/S (OCSE:HARB B) 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.

Harboes Bryggeri A/S's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	199.0625	/	342.86	*	365 / 4
	=	52.98

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.

Harboes Bryggeri A/S's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	199.0625	/	420.672
	=	0.47

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.

Harboes Bryggeri A/S Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Harboes Bryggeri A/S's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Harboes Bryggeri A/S (OCSE:HARB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Harboes Bryggeri A/S (OCSE:HARB B) » Definitions » Inventory Turnover

Traded in Other Exchanges

0ENE:UK

Address

Spegerborgvej 34, Skælskør, DNK, 4230

Website

http://www.harboes.dk

Harboes Bryggeri A/S is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.

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