Matthias Hohner AG (STU:HOH) Inventory Turnover : 0.85 (As of Sep. 2013)

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What is Matthias Hohner AG 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. Matthias Hohner AG's Cost of Goods Sold for the six months ended in Sep. 2013 was €16.32 Mil. Matthias Hohner AG's Average Total Inventories for the quarter that ended in Sep. 2013 was €19.25 Mil. Matthias Hohner AG's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Matthias Hohner AG's Days Inventory for the six months ended in Sep. 2013 was 215.21.

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. Matthias Hohner AG's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.63.

Matthias Hohner AG Inventory Turnover Historical Data

The historical data trend for Matthias Hohner AG'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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Matthias Hohner AG Inventory Turnover Chart

Matthias Hohner AG Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Inventory Turnover

2.03

2.55

2.56

2.07

Matthias Hohner AG Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13
Inventory Turnover	Get a 7-Day Free Trial			1.18	1.17	0.98	0.92	0.85

Matthias Hohner AG Inventory Turnover Calculation

Matthias Hohner AG's Inventory Turnover for the fiscal year that ended in Mar. 2013 is calculated as

	Inventory Turnover (A: Mar. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2013 )	/ (	(Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )
=	35.573	/ (	(16.233	+	18.106)	/	2 )
=	35.573	/	17.1695
=	2.07

Matthias Hohner AG's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

	Inventory Turnover (Q: Sep. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2013 )	/ (	(Total Inventories (Q: Mar. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )
=	16.324	/ (	(18.106	+	20.394)	/	2 )
=	16.324	/	19.25
=	0.85

Matthias Hohner AG (STU:HOH) 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.

Matthias Hohner AG's Days Inventory for the six months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	19.25	/	16.324	*	365 / 2
	=	215.21

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.

Matthias Hohner AG's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	19.25	/	30.346
	=	0.63

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.

Matthias Hohner AG Inventory Turnover Related Terms

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Matthias Hohner AG (STU:HOH) Business Description

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Address

Website

http://www.hohner.de

Matthias Hohner AG is engaged in the production, development and distribution of musical instruments. Its range of products includes harmonicas, recorders, accordions, guitars, grand pianos, digital pianos, amplifiers, melodicas and various accessories.

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