Hurco (HURC) Inventory Turnover : 0.22 (As of Jan. 2024)

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What is Hurco 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. Hurco's Cost of Goods Sold for the three months ended in Jan. 2024 was $35.4 Mil. Hurco's Average Total Inventories for the quarter that ended in Jan. 2024 was $161.5 Mil. Hurco's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hurco's Days Inventory for the three months ended in Jan. 2024 was 416.71.

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. Hurco's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 3.58.

Hurco Inventory Turnover Historical Data

The historical data trend for Hurco'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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Hurco Inventory Turnover Chart

Hurco Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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1.30

0.90

1.20

1.22

1.09

Hurco 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															0.26	0.24	0.22	0.29	0.22

Hurco Inventory Turnover Calculation

Hurco's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	171.639	/ (	(156.207	+	157.952)	/	2 )
=	171.639	/	157.0795
=	1.09

Hurco'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 )
=	35.364	/ (	(157.952	+	165.044)	/	2 )
=	35.364	/	161.498
=	0.22

Hurco (NAS:HURC) 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.

Hurco'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
	=	161.498	/	35.364	*	365 / 4
	=	416.71

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.

Hurco'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 )
	=	161.498	/	45.059
	=	3.58

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.

Hurco Inventory Turnover Related Terms

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Hurco (HURC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hurco Companies Inc (NAS:HURC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HC2:Germany

Address

One Technology Way, Indianapolis, IN, USA, 46268

Website

https://www.hurco.com

Hurco Companies Inc is a United States-based industrial technology company. It designs, manufactures, and sells computerized machine tools, consisting mainly of vertical machining centers and turning centers, to companies in the metal working industry through sales, service and distribution network. The company concentrated on designing user-friendly computer control systems that can be operated by both skilled and unskilled machine tool operators. It generates maximum revenue from the Computerized Machine Tools product. Geographically, It derives a majority of revenue from the United States of America. Its product categories include 5-Axis VMC; 3-Axis VMC; Horizontal MC and Turning Centers.

Executives

Michael Doar	director, officer: Chairman & CEO	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Jonathon D. Wright	officer: General Counsel/Corp Secretary	ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC>, INDIANAPOLIS IN 46268
Richard R. Porter	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Haiquynh Jamison	officer: Corporate Controller	ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC., INDIANAPOLIS IN 46268
Gregory S Volovic	officer: EVP-Technology and Operations	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Sonja K Mcclelland	officer: Chief Financial Officer	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Thomas A. Aaro	director	C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Timothy J Gardner	director	3600 WEST LAKE AVENUE, GLENVIEW IL 60026
Robert W Cruickshank	director
Cynthia S Dubin	director	1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Janaki Sivanesan	director	575 MADISON AVENUE, NEW YORK NY 10022
Jay C. Longbottom	director	C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Andrew Sheeley Niner	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald G. Strackbein	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268