HSN (HSNI) Inventory Turnover : 1.20 (As of Sep. 2017)

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What is HSN 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. HSN's Cost of Goods Sold for the three months ended in Sep. 2017 was $513 Mil. HSN's Average Total Inventories for the quarter that ended in Sep. 2017 was $427 Mil. HSN's Inventory Turnover for the quarter that ended in Sep. 2017 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HSN's Days Inventory for the three months ended in Sep. 2017 was 75.94.

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. HSN's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 0.55.

HSN Inventory Turnover Historical Data

The historical data trend for HSN'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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HSN Inventory Turnover Chart

HSN Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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6.64

6.61

6.38

5.75

5.74

HSN Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory Turnover	Get a 7-Day Free Trial															1.25	1.75	1.28	1.27	1.20

HSN Inventory Turnover Calculation

HSN's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	2350.817	/ (	(428.025	+	391.106)	/	2 )
=	2350.817	/	409.5655
=	5.74

HSN's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	513.377	/ (	(415.398	+	439.034)	/	2 )
=	513.377	/	427.216
=	1.20

HSN (NAS:HSNI) 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.

HSN's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	427.216	/	513.377	*	365 / 4
	=	75.94

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.

HSN's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	427.216	/	782.562
	=	0.55

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.

HSN Inventory Turnover Related Terms

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HSN (HSNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » HSN Inc (NAS:HSNI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hsni.com

HSN Inc is a multi-channel retailer offering retail experiences through various platforms including television, online, mobile, catalogs and in retail and outlet stores. It operates through two different operating segments, HSN and Cornerstone.

Executives

Liberty Interactive Corp	10 percent owner	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
James M Follo	director	620 8TH AVENUNE, NEW YORK NY 10018
Rod R Little	officer: Chief Financial Officer	1 HSN DRIVE, ST. PETERSBURG FL 33729
Thomas Mcinerney	director	ALTABA INC., 140 E 45TH STREET, 15TH FLOOR, SUITE 15A, NEW YORK X1 10017
Ann Sarnoff	director	C/O HSN, INC., 1 HSN DRIVE, SAINT PETERSBURG FL 33729
Fiona P Dias	director
Gregory J Henchel	officer: Chief Legal Officer, Secretary	C/O HSN, INC., 1 HSN DRIVE, ST. PETERSBURG FL 33729
Arthur C Martinez	director	SEARS ROEBUCK & CO, SEARS TOWER, PO BOX 081079, CHICAGO IL 60808-1079
Michael Attinella	officer: Chief Accounting Officer	C/O SUPERIOR GROUP OF COMPANIES, INC., 10055 SEMINOLE BLVE, SEMINOLE FL 33772
Chun Courtnee A	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Judy Schmeling	officer: Pres. Cornerstone, COO HSNi	C/O HSN, INC., 1 HSN DRIVE, ST.PETERSBURG FL 33729
Maria D. Martinez	officer: Chief Human Resources Officer	C/O AXOGEN INC., 13631 PROGRESS BLVD, SUITE 400, ALACHUA FL 32615
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Mindy F Grossman	director, officer: CEO	675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010
Morse John B Jr	director	C/O HSN, INC., 1 HSN DRIVE, ST. PETERSBURG FL 33729

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