Switch to:
GuruFocus has detected 9 Warning Signs with HRG Group Inc $HRG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
HRG Group Inc (NYSE:HRG)
Days Inventory
91.05 (As of Dec. 2016)

HRG Group Inc's average inventory for the three months ended in Dec. 2016 was $760 Mil. HRG Group Inc's cost of goods sold for the three months ended in Dec. 2016 was $762 Mil. Hence, HRG Group Inc's days inventory for the three months ended in Dec. 2016 was 91.05.

HRG' s Days Inventory Range Over the Past 10 Years
Min: 38.54   Max: 98.27
Current: 98.27

38.54
98.27

During the past 13 years, HRG Group Inc's highest Days Inventory was 98.27. The lowest was 38.54. And the median was 77.79.

HRG's Days Inventory is ranked lower than
71% of the 279 Companies
in the Global Conglomerates industry.

( Industry Median: 60.53 vs. HRG: 98.27 )

HRG Group Inc's days inventory declined from Dec. 2015 (96.66) to Dec. 2016 (91.05).

Inventory can be measured by Days Sales of Inventory (DSI). HRG Group Inc's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 58.31.

Inventory turnover measures how fast the company turns over its inventory within a year. HRG Group Inc's inventory turnover for the three months ended in Dec. 2016 was 1.00.

Inventory to revenue ratio 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. HRG Group Inc's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.64.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

HRG Group Inc's Days Inventory for the fiscal year that ended in Sep. 2016 is calculated as

Days Inventory (A: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2015 ) + Inventory (A: Sep. 2016 )) / 2 ) / COGS (A: Sep. 2016 )*Days in Period
=( (780.8 + 740.6) / 2 ) / 3119.8*365
=760.7 / 3119.8*365
=89.00

HRG Group Inc's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

Days Inventory (Q: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2016 ) + Inventory (Q: Dec. 2016 )) / 2 ) / COGS (Q: Dec. 2016 )*Days in Period
=( (740.6 + 779.7) / 2 ) / 761.8*365 / 4
=760.15 / 761.8*365 / 4
=91.05

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

HRG Group Inc's Days Sales of Inventory for the three months ended in Dec. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=760.15/1189.6*365 / 4
=58.31

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

HRG Group Inc's Inventory Turnover for the three months ended in Dec. 2016 is calculated as

3. 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.

HRG Group Inc's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

HRG Group Inc Annual Data

Dec07Dec08Dec09Dec10Sep11Sep12Sep13Sep14Sep15Sep16
DaysInventory 0.000.000.000.0038.5475.7872.3279.8084.0689.00

HRG Group Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysInventory 85.9083.1395.5496.6199.2396.66108.1595.9699.1291.05
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK