House Of Control Group AS (STU:HOG) Inventory Turnover : 9.50 (As of Sep. 2022)

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What is House Of Control Group AS 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. House Of Control Group AS's Cost of Goods Sold for the three months ended in Sep. 2022 was €0.17 Mil. House Of Control Group AS's Average Total Inventories for the quarter that ended in Sep. 2022 was €0.02 Mil. House Of Control Group AS's Inventory Turnover for the quarter that ended in Sep. 2022 was 9.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. House Of Control Group AS's Days Inventory for the three months ended in Sep. 2022 was 9.61.

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. House Of Control Group AS's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.00.

House Of Control Group AS Inventory Turnover Historical Data

The historical data trend for House Of Control Group AS'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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House Of Control Group AS Inventory Turnover Chart

House Of Control Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

123.25

198.94

292.34

5.90

22.33

House Of Control Group AS Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial									5.08	10.67	13.51	12.11	9.50

House Of Control Group AS Inventory Turnover Calculation

House Of Control Group AS's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0.402	/ (	(0.018	+	0.018)	/	2 )
=	0.402	/	0.018
=	22.33

House Of Control Group AS's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	0.171	/ (	(0.018	+	0.018)	/	2 )
=	0.171	/	0.018
=	9.50

House Of Control Group AS (STU:HOG) 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.

House Of Control Group AS's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	0.018	/	0.171	*	365 / 4
	=	9.61

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.

House Of Control Group AS's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	0.018	/	5.347
	=	0.00

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.

House Of Control Group AS Inventory Turnover Related Terms

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House Of Control Group AS (STU:HOG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

O.H. Bangs vei 70, Hovik, NOR, 1363

Website

https://www.houseofcontrol.com

House Of Control Group AS provides software solutions. The company develops and sells software as a service (SaaS) solutions. The solutions include Complete Control, which is used for managing contracts and assets, including the contracts' financial implications for accounting, budgeting and reporting. Also, the company provides SaaS applications for the users of IFS, an Enterprise Resource Planning system. The solutions are mainly focused on purchasing processes, supplier and B2B customer communications, and travel, time and expense management.