Havila Shipping ASA (OSL:HAVI) Inventory Turnover : 31.57 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Havila Shipping 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. Havila Shipping ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr101.1 Mil. Havila Shipping ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr3.2 Mil. Havila Shipping ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 31.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Havila Shipping ASA's Days Inventory for the three months ended in Mar. 2024 was 2.89.

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. Havila Shipping ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Havila Shipping ASA Inventory Turnover Historical Data

The historical data trend for Havila Shipping 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.

* Premium members only.

Havila Shipping ASA Inventory Turnover Chart

Havila Shipping ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

26.01

38.91

29.33

29.81

52.35

Havila Shipping ASA Quarterly Data
	Jun19	Sep19	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															8.59	9.73	8.63	16.24	31.57

Havila Shipping ASA Inventory Turnover Calculation

Havila Shipping 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 )
=	572.846	/ (	(19.804	+	2.08)	/	2 )
=	572.846	/	10.942
=	52.35

Havila Shipping 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 )
=	101.147	/ (	(2.08	+	4.328)	/	2 )
=	101.147	/	3.204
=	31.57

Havila Shipping ASA (OSL:HAVI) 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.

Havila Shipping 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
	=	3.204	/	101.147	*	365 / 4
	=	2.89

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.

Havila Shipping 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 )
	=	3.204	/	116.695
	=	0.03

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.

Havila Shipping ASA Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Havila Shipping ASA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

Havila Shipping ASA (OSL:HAVI) Headlines

No Headlines