Hydrofarm Holdings Group (Hydrofarm Holdings Group) Inventory Turnover : 0.59 (As of Mar. 2024)

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What is Hydrofarm Holdings Group 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. Hydrofarm Holdings Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $43.2 Mil. Hydrofarm Holdings Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $73.8 Mil. Hydrofarm Holdings Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hydrofarm Holdings Group's Days Inventory for the three months ended in Mar. 2024 was 155.79.

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. Hydrofarm Holdings Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.36.

Hydrofarm Holdings Group Inventory Turnover Historical Data

The historical data trend for Hydrofarm Holdings Group'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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Hydrofarm Holdings Group Inventory Turnover Chart

Hydrofarm Holdings Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.02

4.01

2.72

2.10

2.02

Hydrofarm Holdings Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.49	0.58	0.50	0.59

Hydrofarm Holdings Group Inventory Turnover Calculation

Hydrofarm Holdings Group'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 )
=	188.969	/ (	(111.398	+	75.354)	/	2 )
=	188.969	/	93.376
=	2.02

Hydrofarm Holdings Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	43.247	/ (	(75.354	+	72.315)	/	2 )
=	43.247	/	73.8345
=	0.59

Hydrofarm Holdings Group (NAS:HYFM) 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.

Hydrofarm Holdings Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	73.8345	/	43.247	*	365 / 4
	=	155.79

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.

Hydrofarm Holdings Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	73.8345	/	54.172
	=	1.36

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.

Hydrofarm Holdings Group Inventory Turnover Related Terms

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Hydrofarm Holdings Group (Hydrofarm Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hydrofarm Holdings Group Inc (NAS:HYFM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5TUA:Germany 5TUA:Germany

Address

1510 Main Street, Shoemakersville, PA, USA, 19526

Website

https://www.hydrofarm.com

Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include lighting solutions, growing media (i.e., premium soils and soil alternatives), nutrients, equipment, and supplies sold under proprietary, exclusive/preferred brands, or non-exclusive/distributed brands. The business is organized into two operating segments, the U.S. and Canada.

Executives

William Douglas Toler	director, officer: CEO and Chairman of the Board	1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111
Kevin Patrick O'brien	officer: Chief Accounting Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Terence Fitch	officer: President	32 ORLE CIR, LITTLE ROCK AR 72223
Mark S Parker	officer: Executive Vice President	C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526
Patrick Chung	director	13 CARNATION RD, THORNHILL A6 L3T 7V3
Joseph D Rumley	officer: Chief Accounting Officer	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Renah Persofsky	director	55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Susan Peters	director	40 OLD MILITARY ROAD, HILTON HEAD SC 29928
Richard D Moss	director	1715 WEST 38TH STREET, CHATTANOOGA TN 37409
Bruce John Lindeman	officer: CFO	1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362
Melisa Denis	director	627 WESTHAVEN RD., COPPELL TX 75019
Chris Payne	10 percent owner	C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
John Tomes	10 percent owner	C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
Peter Wardenburg	10 percent owner	3 BEYER CT., NOVATO CA 94945