Hovnanian Enterprises (Hovnanian Enterprises) Total Inventories

: $1,464 Mil (As of Jan. 2024)

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Hovnanian Enterprises's total inventories for the quarter that ended in Jan. 2024 was $1,464 Mil. Hovnanian Enterprises's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $1,406 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hovnanian Enterprises's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-153.48.

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 three months 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 Total Inventories Historical Data

The historical data trend for Hovnanian Enterprises's Total Inventories 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 Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Inventories

1,292.49

1,195.78

1,254.26

1,519.18

1,349.19

Hovnanian Enterprises Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories																1,507.04	1,484.99	1,411.26	1,349.19	1,463.56

Hovnanian Enterprises Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Hovnanian Enterprises (NYSE:HOV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Hovnanian Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(183.118	+	0.75 * 24.208	+	0.5 * 1463.558	-	1733.29
-	135.299	-	0)	/	6.09562
=	-153.48

2. 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 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
	=	1406.372	/	480.884	*	365 / 4
	=	266.87

3. 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 (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	480.884	/	1406.372
	=	0.34

4. 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 (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1406.372	/	594.196
	=	2.37

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Hovnanian Enterprises Total Inventories Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NYSE:HOV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

HOVNP.PFD:USA 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

Vincent Jr Pagano	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
Edward A Kangas	director	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
Miriam Hernandez-kakol	director	90 MATAWAN ROAD, 5TH FLOOR, MATAWAN NJ 07747
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
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
Robin Stone Sellers	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Lucian T. Smith	officer: Chief Operating Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Executors Of The Estate Of Kevork S. Hovnanian, Deceased	10 percent owner	425 LEXINGTON AVENUE, NEW YORK NY 10017
Thomas J. Pellerito	officer: Chief Operating Officer	110 WEST FRONT STREET, RED BANK NJ 07701
Joseph A Marengi	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Brad G O'connor	officer: VP & Chief Accounting Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Paul W Buchanan	officer: SVP Corporate Controller	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701
Peter S Reinhart	officer: Sr. VP/General Counsel	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701