Hurtigruten ASA (OSL:HRG) Inventory Turnover : 0.00 (As of Sep. 2014)

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What is Hurtigruten ASA 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. Hurtigruten ASA's Cost of Goods Sold for the three months ended in Sep. 2014 was kr0 Mil. Hurtigruten ASA's Average Total Inventories for the quarter that ended in Sep. 2014 was kr94 Mil. Hurtigruten ASA's Inventory Turnover for the quarter that ended in Sep. 2014 was 0.00.

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

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. Hurtigruten ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.08.

Hurtigruten ASA Inventory Turnover Historical Data

The historical data trend for Hurtigruten ASA'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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Hurtigruten ASA Inventory Turnover Chart

Hurtigruten ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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7.54

6.15

Hurtigruten ASA Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Inventory Turnover	Get a 7-Day Free Trial															-	6.25	-	-	-

Hurtigruten ASA Inventory Turnover Calculation

Hurtigruten ASA's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	500.013	/ (	(77.048	+	85.477)	/	2 )
=	500.013	/	81.2625
=	6.15

Hurtigruten ASA's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

	Inventory Turnover (Q: Sep. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2014 )	/ (	(Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Sep. 2014 ))	/	count )
=	0	/ (	(96.035	+	92.469)	/	2 )
=	0	/	94.252
=	0.00

Hurtigruten ASA (OSL:HRG) 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.

Hurtigruten ASA's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2014 )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
	=	94.252	/	0	*	365 / 4
	=

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.

Hurtigruten ASA's Inventory to Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2014 )	/	Revenue (Q: Sep. 2014 )
	=	94.252	/	1224.718
	=	0.08

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.

Hurtigruten ASA Inventory Turnover Related Terms

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Hurtigruten ASA (OSL:HRG) Business Description

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Website

http://www.hurtigruten.no

Hurtigruten AS is engaged in the transport & tourism activities in Norway & abroad. Its business consists of Hurtigruten service along the Norwegian coast, with daily calls in 34 ports between Bergen and Kirkenes & explorer activity in the Polar region.

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