Hexagon Purus ASA (LTS:0AC1) Inventory Turnover : 0.42 (As of Mar. 2024)

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What is Hexagon Purus 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. Hexagon Purus ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr221 Mil. Hexagon Purus ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr529 Mil. Hexagon Purus ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hexagon Purus ASA's Days Inventory for the three months ended in Mar. 2024 was 218.99.

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. Hexagon Purus ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.30.

Hexagon Purus ASA Inventory Turnover Historical Data

The historical data trend for Hexagon Purus 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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Hexagon Purus ASA Inventory Turnover Chart

Hexagon Purus ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.21

1.07

2.01

1.98

1.91

Hexagon Purus ASA Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														0.42	0.42	0.53	0.45	0.42

Hexagon Purus ASA Inventory Turnover Calculation

Hexagon Purus ASA'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 )
=	776.841	/ (	(332.218	+	481.695)	/	2 )
=	776.841	/	406.9565
=	1.91

Hexagon Purus ASA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	220.589	/ (	(481.695	+	577.091)	/	2 )
=	220.589	/	529.393
=	0.42

Hexagon Purus ASA (LTS:0AC1) 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.

Hexagon Purus ASA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	529.393	/	220.589	*	365 / 4
	=	218.99

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.

Hexagon Purus ASA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	529.393	/	406.816
	=	1.30

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.

Hexagon Purus ASA Inventory Turnover Related Terms

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Hexagon Purus ASA (LTS:0AC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hexagon Purus ASA (LTS:0AC1) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HPURF:USA HPURo:Sweden HPUR:Norway 0QJ:Germany

Address

Korsegata 4B, Alesund, NOR, NO-6002

Website

https://www.hexagongroup.com

Hexagon Purus ASA is a provider of Hydrogen Type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles including hybrid mobility applications on light, medium and heavy-duty vehicles, buses, marine, rail, and aerospace. The company has its geographic presence in Norway, Europe, North America and Others.

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