Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Inventory Turnover : 1.00 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Hyster-Yale Materials Handling 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. Hyster-Yale Materials Handling's Cost of Goods Sold for the three months ended in Dec. 2023 was $818 Mil. Hyster-Yale Materials Handling's Average Total Inventories for the quarter that ended in Dec. 2023 was $816 Mil. Hyster-Yale Materials Handling's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyster-Yale Materials Handling's Days Inventory for the three months ended in Dec. 2023 was 91.03.

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. Hyster-Yale Materials Handling's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.79.

Hyster-Yale Materials Handling Inventory Turnover Historical Data

The historical data trend for Hyster-Yale Materials Handling'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.

Hyster-Yale Materials Handling Inventory Turnover Chart

Hyster-Yale Materials Handling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.03

4.39

4.20

3.94

4.13

Hyster-Yale Materials Handling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.00	1.07	0.98	1.00

Hyster-Yale Materials Handling Inventory Turnover Calculation

Hyster-Yale Materials Handling's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3332.7	/ (	(799.5	+	815.7)	/	2 )
=	3332.7	/	807.6
=	4.13

Hyster-Yale Materials Handling's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	817.5	/ (	(815.4	+	815.7)	/	2 )
=	817.5	/	815.55
=	1.00

Hyster-Yale Materials Handling (NYSE:HY) 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.

Hyster-Yale Materials Handling's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	815.55	/	817.5	*	365 / 4
	=	91.03

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.

Hyster-Yale Materials Handling's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	815.55	/	1027.2
	=	0.79

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.

Hyster-Yale Materials Handling Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hyster-Yale Materials Handling's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster-Yale Materials Handling Inc (NYSE:HY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HYEA:Germany

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

Executives

Susan Sichel	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Batcheler Colleen	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Martha S Kelly	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Scott Minder	officer: SVP & Chief Financial Officer	5875 LANDERBROOK, SUITE 300, CLEVELAND OH 44124
Jon C Taylor	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Gregory Breier	officer: Vice President-Tax	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD OH 44124
Patric Schroeter	officer: Officer of a Subsidiary	5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Butler John C Jr	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al	director, officer: Chairman	5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin	other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin	director, other: Member of a Group	5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124