GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hooker Furnishings Corp (NAS:HOFT) » Definitions » Inventory Turnover

Hooker Furnishings (Hooker Furnishings) Inventory Turnover : 1.15 (As of Jan. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Hooker Furnishings 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. Hooker Furnishings's Cost of Goods Sold for the three months ended in Jan. 2024 was $73.0 Mil. Hooker Furnishings's Average Total Inventories for the quarter that ended in Jan. 2024 was $63.5 Mil. Hooker Furnishings's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hooker Furnishings's Days Inventory for the three months ended in Jan. 2024 was 79.31.

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. Hooker Furnishings's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.66.


Hooker Furnishings Inventory Turnover Historical Data

The historical data trend for Hooker Furnishings'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.

Hooker Furnishings Inventory Turnover Chart

Hooker Furnishings Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.02 5.24 6.78 5.71 4.10

Hooker Furnishings Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.13 1.11 1.09 1.29 1.15

Hooker Furnishings Inventory Turnover Calculation

Hooker Furnishings's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Inventory Turnover (A: Jan. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jan. 2024 ) / ((Total Inventories (A: Jan. 2023 ) + Total Inventories (A: Jan. 2024 )) / count )
=324.534 / ((96.675 + 61.815) / 2 )
=324.534 / 79.245
=4.10

Hooker Furnishings's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover (Q: Jan. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2024 ) / ((Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count )
=73.039 / ((65.156 + 61.815) / 2 )
=73.039 / 63.4855
=1.15

* 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.


Hooker Furnishings  (NAS:HOFT) 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.

Hooker Furnishings's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=63.4855/73.039*365 / 4
=79.31

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.

Hooker Furnishings's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=63.4855 / 96.774
=0.66

* 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

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.


Hooker Furnishings Inventory Turnover Related Terms

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


Hooker Furnishings (Hooker Furnishings) Business Description

Traded in Other Exchanges
N/A
Address
440 East Commonwealth Boulevard, Martinsville, VA, USA, 24112
Hooker Furnishings Corp formerly Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are the Hooker Branded, which includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture; the Home Meridian segment includes Samuel Lawrence Furniture and Pulaski Furniture; and the Domestic Upholstery segment includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates most of its revenue from the Home Meridian Segment.
Executives
Christopher L Henson director 214 N TRYON STREET, CHARLOTTE NC 28202
Maria C Duey director 440 COMMONWEALTH BLVD E, MARTINSVILLE VA 24112
Anne Jacobsen officer: Senior Vice President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paul A Huckfeldt officer: Chief Financial Officer HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Tonya Harris Jackson director HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Beeler W Christopher Jr director C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Tod R Phelps officer: Sr. VP - Operations PO BOX 4708, MARTINSVILLE VA 24115
Toms Paul B Jr director, officer: Chief Executive Officer HOOKER FURNITURE CORP, 440 E COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Donald Lee Boone officer: Co-President HMI HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Douglas Townsend officer: Co-President HMI HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARDM, MARTINSVILLE VA 24112
Williamson Henry G Jr director HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112
E Larry Ryder director C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Michael W Delgatti officer: President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paulette Garafalo director HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Jeremy R Hoff officer: President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112

Hooker Furnishings (Hooker Furnishings) Headlines

From GuruFocus

Hooker Furnishings Declares Quarterly Dividend

By GuruFocusNews GuruFocusNews 03-01-2022

Hooker Furnishings Declares Quarterly Dividend

By GuruFocusNews GuruFocusNews 07-02-2022

Hooker Furnishings to Host First Quarter Earnings Call June 9th

By GuruFocusNews GuruFocusNews 07-05-2022

Hooker Furnishings Declares Quarterly Dividend

By Marketwired 09-06-2023

Hooker Furnishings to Host First Quarter Earnings Call June 9th

By GuruFocusNews GuruFocusNews 05-26-2022

Hooker Furnishings to Host First Quarter Earnings Call June 9th

By GuruFocusNews GuruFocusNews 06-15-2022