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Hovnanian Enterprises (Hovnanian Enterprises) Change In Inventory : $152.33 Mil (TTM As of Jan. 2024)


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What is Hovnanian Enterprises Change In Inventory?

Hovnanian Enterprises's change in inventory for the quarter that ended in Jan. 2024 was $-114.67 Mil. It means Hovnanian Enterprises's inventory increased by $114.67 Mil from Oct. 2023 to Jan. 2024 .

Hovnanian Enterprises's change in inventory for the fiscal year that ended in Oct. 2023 was $278.67 Mil. It means Hovnanian Enterprises's inventory declined by $278.67 Mil from Oct. 2022 to Oct. 2023 .

Hovnanian Enterprises's Total Inventories for the quarter that ended in Jan. 2024 was $1,463.56 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hovnanian Enterprises's Days Inventory for the quarter that ended in Jan. 2024 was 266.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hovnanian Enterprises's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.34.

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. Hovnanian Enterprises's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 2.37.

Hovnanian Enterprises Change In Inventory Historical Data

The historical data trend for Hovnanian Enterprises's Change In Inventory 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.

Hovnanian Enterprises Change In Inventory Chart

Hovnanian Enterprises Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -220.61 87.90 -35.51 -279.00 278.67

Hovnanian Enterprises Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Change In Inventory 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 11.67 36.78 168.76 61.46 -114.67

Hovnanian Enterprises Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $152.33 Mil.

* 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.

Hovnanian Enterprises  (NAS:HOVNP.PFD) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hovnanian Enterprises's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1406.372/480.884*365 / 4
=266.87

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=480.884 / 1406.372
=0.34

3. 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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=1406.372 / 594.196
=2.37

* 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.

Hovnanian Enterprises Change In Inventory Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NAS:HOVNP.PFD) » Definitions » Change In Inventory
Comparable Companies
BZH LEGH UHG VNJA NOBH DREM LGIH GRBK CCS CVCO DHI LEN PHM NVR TSE:1928 TOL IBP LSE:BKG MTH TSE:1911
Traded in Other Exchanges
HOV:USA HO3A:Germany HO3A:Germany
Address
90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747
Website
https://www.khov.com
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.
Executives
Lucian T. Smith officer: Chief Operating Officer 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Robert B Coutts director
Vincent Jr Pagano director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Edward A Kangas director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Joseph A Marengi director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Robin Stone Sellers director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Ara K Hovnanian director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
J Larry Sorsby director, officer: Exec. VP and CFO 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Stephen D Weinroth director ANDERSEN WEINROTH & CO, 1330 AVE OF THE AMERICAS, NEW YORK NY 10019
Sirwart Hovnanian other: Member of a 10% Owner Group 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Hovnanian Family 2012 L.l.c. 10 percent owner C/O ARA K. HOVNANIAN, 110 WEST FRONT STREET, P.O. BOX 500, RED BANK NJ 07701
Thomas J. Pellerito officer: Chief Operating Officer 110 WEST FRONT STREET, RED BANK NJ 07701
Executors Of The Estate Of Kevork S. Hovnanian, Deceased 10 percent owner 425 LEXINGTON AVENUE, NEW YORK NY 10017
David G. Valiaveedan officer: VP Finance & Treasurer 110 WEST FRONT STREET, RED BANK X1 07701
John J Robbins director 10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701