Hannover House (Hannover House) Inventory Turnover : 0.01 (As of Dec. 2020)

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What is Hannover House 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. Hannover House's Cost of Goods Sold for the six months ended in Dec. 2020 was $0.00 Mil. Hannover House's Average Total Inventories for the quarter that ended in Dec. 2020 was $0.19 Mil. Hannover House's Inventory Turnover for the quarter that ended in Dec. 2020 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hannover House's Days Inventory for the six months ended in Dec. 2020 was 34,492.50.

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. Hannover House's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.39.

Hannover House Inventory Turnover Historical Data

The historical data trend for Hannover House'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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Hannover House Inventory Turnover Chart

Hannover House Annual Data

Trend

Dec14

Dec15

Dec20

Inventory Turnover

11.39

0.01

Hannover House Semi-Annual Data
	Dec14	Dec15	Dec20
Inventory Turnover	-	11.39	0.01

Hannover House Inventory Turnover Calculation

Hannover House's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	0.001	/ (	(0.277	+	0.101)	/	2 )
=	0.001	/	0.189
=	0.01

Hannover House's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Dec. 2015 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	0.001	/ (	(0.277	+	0.101)	/	2 )
=	0.001	/	0.189
=	0.01

Hannover House (OTCPK:HHSE) 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.

Hannover House's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	0.189	/	0.001	*	365 / 2
	=	34,492.50

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.

Hannover House's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	0.189	/	0.489
	=	0.39

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.

Hannover House Inventory Turnover Related Terms

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Hannover House (Hannover House) Business Description

Industry

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Address

1621 Central Avenue, Cheyenne, WY, USA, 82001

Website

https://www.hannoverhouse.com

Hannover House Inc is a service media company, specializing in the production and distribution of feature films for theaters, home videos, and video-on-demand formats for the North American retail marketplace. It is mainly focused on the literary and book-publishing industries. It is particularly noted for its successes in placing DVD titles within mass merchandisers and keychain stores. Retailers carrying Hannover products include independently owned and operated retail video stores, and mass merchants and retailers.

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