Green Hydrogen Systems A/S (OCSE:GREENH) Inventory Turnover : 0.34 (As of Dec. 2023)

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What is Green Hydrogen Systems A/S 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. Green Hydrogen Systems A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr67.45 Mil. Green Hydrogen Systems A/S's Average Total Inventories for the quarter that ended in Dec. 2023 was kr198.62 Mil. Green Hydrogen Systems A/S's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Hydrogen Systems A/S's Days Inventory for the six months ended in Dec. 2023 was 537.44.

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. Green Hydrogen Systems A/S's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 7.28.

Green Hydrogen Systems A/S Inventory Turnover Historical Data

The historical data trend for Green Hydrogen Systems A/S'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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Green Hydrogen Systems A/S Inventory Turnover Chart

Green Hydrogen Systems A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.82

0.86

-0.43

1.02

0.90

Green Hydrogen Systems A/S Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					-0.13	0.67	0.50	0.56	0.34

Green Hydrogen Systems A/S Inventory Turnover Calculation

Green Hydrogen Systems A/S'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 )
=	169.358	/ (	(170.004	+	205.799)	/	2 )
=	169.358	/	187.9015
=	0.90

Green Hydrogen Systems A/S's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	67.447	/ (	(191.45	+	205.799)	/	2 )
=	67.447	/	198.6245
=	0.34

Green Hydrogen Systems A/S (OCSE:GREENH) 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.

Green Hydrogen Systems A/S's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	198.6245	/	67.447	*	365 / 2
	=	537.44

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.

Green Hydrogen Systems A/S's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	198.6245	/	27.266
	=	7.28

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.

Green Hydrogen Systems A/S Inventory Turnover Related Terms

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Green Hydrogen Systems A/S (OCSE:GREENH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Hydrogen Systems A/S (OCSE:GREENH) » Definitions » Inventory Turnover

Traded in Other Exchanges

3LUA:Germany

Address

Nordager 21, Kolding, DNK, DK-6000

Website

https://www.greenhydrogen.dk

Green Hydrogen Systems A/S is a provider of standardised and modular electrolysers for the production of green hydrogen solely based on renewable energy. The firm caters to industries that establish on-site green hydrogen production for different purposes as well as energy and transport companies being at the forefront of the development of Power-to-X applications and transition towards emission-free fuel. It generates revenue from the sale and installation of complete alkaline electrolysis solutions as well as the service of the installed systems. The company derives its revenue from Denmark, Norway, Sweden and other countries.

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