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Harvey Norman Holdings (ASX:HVN) Days Inventory : 103.83 (As of Dec. 2023)


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What is Harvey Norman Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harvey Norman Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$579 Mil. Harvey Norman Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,017 Mil. Hence, Harvey Norman Holdings's Days Inventory for the six months ended in Dec. 2023 was 103.83.

The historical rank and industry rank for Harvey Norman Holdings's Days Inventory or its related term are showing as below:

ASX:HVN' s Days Inventory Range Over the Past 10 Years
Min: 86.47   Med: 92.88   Max: 112.86
Current: 112.86

During the past 13 years, Harvey Norman Holdings's highest Days Inventory was 112.86. The lowest was 86.47. And the median was 92.88.

ASX:HVN's Days Inventory is ranked worse than
51.22% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.73 vs ASX:HVN: 112.86

Harvey Norman Holdings's Days Inventory increased from Dec. 2022 (101.57) to Dec. 2023 (103.83). It might indicate that Harvey Norman Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harvey Norman Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 1.76.

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. Harvey Norman Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.30.


Harvey Norman Holdings Days Inventory Historical Data

The historical data trend for Harvey Norman Holdings's Days 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.

Harvey Norman Holdings Days Inventory Chart

Harvey Norman Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.54 92.46 86.47 97.87 103.64

Harvey Norman Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days 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 95.91 112.05 101.57 119.22 103.83

Competitive Comparison of Harvey Norman Holdings's Days Inventory

For the Specialty Retail subindustry, Harvey Norman Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Harvey Norman Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harvey Norman Holdings's Days Inventory falls into.



Harvey Norman Holdings Days Inventory Calculation

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

Harvey Norman Holdings's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (524.274 + 545.658) / 2 ) / 1884.104*365
=534.966 / 1884.104*365
=103.64

Harvey Norman Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (545.658 + 611.608) / 2 ) / 1017.006*365 / 2
=578.633 / 1017.006*365 / 2
=103.83

* 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.


Harvey Norman Holdings  (ASX:HVN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Harvey Norman Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Harvey Norman Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Harvey Norman Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Harvey Norman Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Harvey Norman Holdings (ASX:HVN) Business Description

Traded in Other Exchanges
Address
A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140
Harvey Norman Holdings Ltd is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.

Harvey Norman Holdings (ASX:HVN) Headlines

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