Days Inventory is also known as Days Sales of Inventory (DSI). HP's Average Total Inventories for the
three
months ended in Jan. 2024 was $6,895 Mil. HP's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $10,297 Mil.
Hence, HP's Days Inventory for the
three
months ended in Jan. 2024 was 61.10.
The historical rank and industry rank for HP's Days Inventory or its related term are showing as below:
HPQ'
s Days Inventory Range Over the Past 10 Years
Min: 40.8 Med: 46.62 Max: 62.59
Current: 62.56
During the past 13 years, HP's highest Days Inventory was 62.59. The lowest was 40.80. And the median was 46.62.
HPQ's Days Inventory is ranked better than 74.98% of 2406
companies
in the Hardware industry
Industry Median: 103.87
vs HPQ: 62.56
HP's Days Inventory
declined
from Jan. 2023 (61.98) to Jan. 2024 (61.10).
Inventory Turnover measures how fast the company turns over its inventory within a year.
HP's Inventory Turnover for the
three
months ended in Jan. 2024 was 1.49.
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.
HP's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.52.
HP Days Inventory Historical Data
The historical data trend for HP's Days Inventory 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.
For the Computer Hardware subindustry, HP's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HP Days Inventory Distribution
For the Hardware industry and Technology sector, HP's Days Inventory distribution charts can be found below:
* The bar in red indicates where HP's Days Inventory falls into.
HP Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
HP's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
HP (NYSE:HPQ) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
HP's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
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.
HP's Inventory to Revenue for the
three
months ended in Jan. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
HP Days Inventory Related Terms
Thank you for viewing the detailed overview of HP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
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